PATCHWORK (EIN 611989498) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

INGRID CAMPBELL

Phone

6154806779

Tax Period

2023-01-01 to 2023-12-31

PATCHWORK, founded in 2021, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $295K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $394K exceeded revenue, resulting in a 34% operating deficit.

Mission

WE ARE A GROUP OF PASSIONATE CHEFS AND OUR MISSION IS TO UNITE AROUND FOOD. WE SEEK TO EMPOWER THROUGH PROVIDING MEALS, MENTORSHIP, AND MUTUAL AID TO WORK TOWARDS A MORE EQUITABLE FOOD INDUSTRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $282,852

Program Service Revenue $0

Investment Income $0

Other Revenue $12,034

TOTAL REVENUE $294,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,516

Fundraising Expenses $17,351

Program Expenses $317,073

Other Expenses $220,418

TOTAL EXPENSES $393,934

Year-over-Year Comparison

	2023	2022	Change
Revenue	$294,886	$598,610	-0.5%
Expenses	$393,934	$527,355	-0.3%
Net Income	$-99,048	$71,255	-2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$54,533

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
INGRID CAMPBELL	BOARD PRESIDENT	1.50	Officer Director	$0	$0	$0
MICHELLE VELASCO	BOARD SECRETARY	1.50	Officer Director	$0	$0	$0
SEAN BROCK	DIRECTOR	1.50	Director	$0	$0	$0
SAMUEL JETT	DIRECTOR	1.50	Director	$0	$0	$0
BRENDA ROSS	DIRECTOR	1.50	Director	$0	$0	$0
BENJAMIN C TYSON END 1123	FOUNDER/CEO	40.00	Officer	$50,178	$4,355	$54,533

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$294,886	$393,934	$8,270	$-99,048
2022	$598,610	$527,355	$107,340	$71,255

PATCHWORK