INTERNATIONAL TEXTILE AND APPAREL A

EIN: 731037205 501(c)(3)

TALLAHASSEE, FL

Total Revenue
$760,410
Total Expenses
$578,290
Total Assets
$1,879,885
Net Assets
$1,878,413
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
FL
Principal Officer
JUNG HA-BROOKSHIRE
Phone
8504085145
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL TEXTILE AND APPAREL A, founded in 1991, is a small nonprofit that reported $760K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $182K, a strong 24% operating margin.

Mission

THE ADVANCEMENT OF GLOBAL APPLICATIONS IN TEXTILES AND APPAREL THROUGH EDUCATION, INNOVATION, TECHNOLOGY AND SCHOLARSHIP.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $110,000
Program Service Revenue $539,195
Investment Income $111,215
Other Revenue $0
TOTAL REVENUE $760,410

Expense Breakdown

Grants Paid $0
Salaries & Benefits $82,742
Fundraising Expenses $0
Program Expenses $462,715
Other Expenses $495,548
TOTAL EXPENSES $578,290

Year-over-Year Comparison

2024 2023 Change
Revenue $760,410 $494,894 +0.5%
Expenses $578,290 $331,171 +0.7%
Net Income $182,120 $163,723 +0.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
100

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
5
$76,862
Total Directors
12
$76,862
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERRY SCHOFIELD EXECUTIVE DI 20.00
Officer Director
$76,862 $0 $76,862
MELANIE CARRICO PRESIDENT-EL 1.00
Officer Director
$0 $0 $0
TING CHI VP OF AWARDS 1.00
Director
$0 $0 $0
CHARLES FREEMAN VP PROFESSIO 1.00
Director
$0 $0 $0
JUNG HA-BROOKSHIRE PRESIDENT 1.00
Officer Director
$0 $0 $0
SHERRY HAAR VP PUBLICATI 1.00
Director
$0 $0 $0
KIM HAHN TREASURER 1.00
Officer Director
$0 $0 $0
JIHYUN KIM-VICK SECRETARY 1.00
Officer Director
$0 $0 $0
ANDREW REILLY COUNSELOR 1.00
Director
$0 $0 $0
EULANDA SANDERS VP EDUCATION 1.00
Director
$0 $0 $0
JENNIFER YANG VP OPERATION 1.00
Director
$0 $0 $0
JEONG-JU YOO VP SCHOLARSH 1.00
Director
$0 $0 $0
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
2024 $760,410 $578,290 $1,879,885 $182,120
2023 $494,894 $331,171 $1,654,930 $163,723
2022 $465,015 $341,113 $1,330,888 $123,902
2021 $303,183 $200,466 $1,461,932 $102,717
2020 $206,572 $208,366 $1,270,456 $-1,794
2019 $504,346 $436,803 $1,171,499 $67,543
2018 $417,744 $426,511 $989,747 $-8,767
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