THE KNITTING GUILD ASSOCIATION (EIN 813004152) - 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

2016

Legal Domicile

Principal Officer

CHRISTINA K HANGER

Phone

2149232837

Tax Period

2024-01-01 to 2024-12-31

THE KNITTING GUILD ASSOCIATION, founded in 2016, is a small nonprofit in the Education sector that reported $349K in total revenue in fiscal year 2024. Expenses of $333K left a modest 5% surplus.

Mission

The specific purposes of the Corporation are to provide education and resources to knitters to increase their mastery of the craft of knitting. Our mission is to support serious knitters in their efforts to learn the history, perpetuate the traditional techniques, and keep the artisan aspect and high quality standards of the craft alive.

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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 (2024)

Revenue Breakdown

Contributions & Grants $18,721

Program Service Revenue $330,374

Investment Income $0

Other Revenue $0

TOTAL REVENUE $349,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,805

Fundraising Expenses $0

Program Expenses $287,341

Other Expenses $223,809

TOTAL EXPENSES $332,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$349,095	$324,741	+0.1%
Expenses	$332,614	$297,739	+0.1%
Net Income	$16,481	$27,002	-0.4%

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

N/A

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

$91,788

Total Directors

$91,788

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARENDA HOLLADAY	PRES & EXEC DIR	3.00	Officer Director	$39,933	$0	$39,933
MARY E JACOBS	Treasurer	3.00	Officer Director	$22,208	$0	$22,208
DONNA ESTIN	VP-PR	8.00	Officer Director	$13,820	$0	$13,820
HEATHER STORTA	VP-EDUCATION	3.00	Officer Director	$11,054	$0	$11,054
LESLIE GONZALEZ	VP-CERT.	10.00	Officer Director	$4,273	$0	$4,273
Celia Cahill	VP-OFF-SITE ED.	6.00	Officer Director	$500	$0	$500
CHRISTINA K HANGER	Secretary	10.00	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
2024	$349,095	$332,614	$333,518	$16,481
2023	$324,741	$297,739	$308,094	$27,002
2022	$216,504	$191,107	$273,526	$25,397
2021	$269,842	$235,277	$247,530	$34,565

THE KNITTING GUILD ASSOCIATION