PARTS & CRAFTS INC

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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

2002

Legal Domicile

Principal Officer

KELLY B TAYLOR

Phone

6172078016

Tax Period

2023-09-01 to 2024-08-31

PARTS & CRAFTS INC, founded in 2002, is a small nonprofit in the Human Services sector that reported $613K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 27% operating margin.

Mission

PARTS & CRAFTS IS A MAKERSPACE AND COMMUNITY WORKSHOP IN SOMERVILLE, MA. WE ENCOURAGE KIDS TO THINK AND MAKE AND LEARN AND DO THROUGH THE EXPLORATION OF THE ARTS, SCIENCE, COMPUTER PROGRAMMING, AND ENGINEERING, A CLUSTER OF DISCIPLINES WE REFER TO AS THE "CREATIVE APPLICATION OF TECHNICAL SKILLS". IN ALL OF OUR PROGRAMS WE AIM TO CREATE A SUPPORTIVE ENVIRONMENT FOR SELF-DIIRECTED LEARNING WHERE YOUNG PEOPLE CAN LEARN HANDS-ON SKILLS, GAIN COMPTENCY IN BASIC TOOL USE, AND WORK ON CREATIVE PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $401,274 Revenue: $330,635

THE ORGANIZATION IS A MEMBER-SUPPORTED, FAMILY MAKERSPACE AND COMMUNITY WORKSHOP BASED IN SOMERVILLE, MA. THE ORGANIZATION'S PROGRAMS INCLUDE CAMPS, A FULL-TIME SCHOOL-ALTERNATIVE PROGRAM...

THE ORGANIZATION IS A MEMBER-SUPPORTED, FAMILY MAKERSPACE AND COMMUNITY WORKSHOP BASED IN SOMERVILLE, MA. THE ORGANIZATION'S PROGRAMS INCLUDE CAMPS, A FULL-TIME SCHOOL-ALTERNATIVE PROGRAM, AFTERSCHOOL AND WEEKEND CLASSS AND WORKSHOPS, AND OTHER COMMUNITY AND FAMILY EVENTS.

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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 $281,969

Program Service Revenue $330,635

Investment Income $4

Other Revenue $0

TOTAL REVENUE $612,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,503

Fundraising Expenses $0

Program Expenses $401,274

Other Expenses $163,252

TOTAL EXPENSES $446,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$612,608	$474,556	+0.3%
Expenses	$446,755	$416,057	+0.1%
Net Income	$165,853	$58,499	+1.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYCE TAYLOR	TREASURER	4.00	Officer Director	$0	$0	$0
KELLY BRIE TAYLOR	CLERK	40.00	Officer Director	$0	$0	$0
MICHAEL GASPER	PRESIDENT	4.00	Officer 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
2025	No data	No data	No data	No data
2024	$612,608	$446,755	$269,483	$165,853
2023	$474,556	$416,057	$100,175	$58,499
2019	$509,597	$569,987	$251,264	$-60,390
2018	$575,180	$544,973	$152,268	$30,207