FABSCRAP INC (EIN 813795981) - 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

CAMILLE D TAGLE

Phone

9292763188

Tax Period

2024-01-01 to 2024-12-31

FABSCRAP INC, founded in 2016, is a community nonprofit in the Environment sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 4% surplus.

Mission

TO MAXIMIZE THE VALUE OF UNUSED FABRIC, FABSCRAP IS A CONVENIENT AND TRANSPARENT SERVICE, IS AN AFFORDABLE AND ACCESSIBLE MATERIALS RESOURCE, AND IS EDUCATING AND EMPOWERING A DIVERSE COMMUNITY OF CHANGEMAKERS.

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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 $464,555

Program Service Revenue $451,878

Investment Income $0

Other Revenue $701,214

TOTAL REVENUE $1,617,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $583,373

Fundraising Expenses $36,148

Program Expenses $643,205

Other Expenses $974,167

TOTAL EXPENSES $1,557,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,617,647	$1,191,808	+0.4%
Expenses	$1,557,540	$1,399,477	+0.1%
Net Income	$60,107	$-207,669	-1.3%

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

5832

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

$54,312

Total Directors

$63,109

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA SCHREIBER	CHIEF EXECUT	40.00	Director	$54,930	$8,179	$63,109
CAMILLE D TAGLE	DIRECTOR	40.00	Officer	$54,312	$0	$54,312
DAVE HIRSCHLER	CHAIRMAN	N/A	Director	$0	$0	$0
NICHOLAS DOMINGUEZ HOLGUIN	TREASURER	N/A	Director	$0	$0	$0
MARGARET BISHOP	TRUSTEE	N/A	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	No data	No data	No data	No data
2024	$1,617,647	$1,557,540	$1,619,720	$60,107
2023	$1,238,779	$1,415,358	$237,459	$-176,579
2022	$1,510,101	$1,569,068	$398,355	$-58,967
2021	$1,218,585	$1,128,276	$633,771	$90,309
2020	$673,859	$742,084	$347,157	$-68,225
2019	$624,728	$584,657	$221,608	$40,071
2018	$371,065	$294,461	$93,439	$76,604

FABSCRAP INC