Refugee Artisan Initative

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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

2017

Legal Domicile

Principal Officer

MING-MING TUNG-EDELMAN

Phone

4254779075

Tax Period

2023-01-01 to 2023-12-31

Refugee Artisan Initative, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 4% surplus.

Mission

RAI partners with refugee and immigrant women to foster an inclusive, prosperous transition to the US through artisan skills training and micro business development.

Program Service Accomplishments

Program 1

Expenses: $607,032

Most refugees who arrive in the US come to four states, one is Washington. When they arrive, refugee and low-income immigrant women are among the most vulnerable members of US society,facing reduced employment prospects due to childcare needs, lack of education and employment history, and language barriers. The unemployment rate for for refugee women hovers around 60%. They are often targeted by exploitative professions. But for those with sewing skills who want a safe workplace, resettlement offices know right where to take them: the Refugee Artisan Initiative (RAI) Maker Space + Cultural Center. RAI offers women work the day they arrive, earning a living wage and flexible hours to accommodate children.

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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 $989,286

Program Service Revenue $0

Investment Income $207

Other Revenue $111,106

TOTAL REVENUE $1,100,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $600,214

Fundraising Expenses $157,511

Program Expenses $607,032

Other Expenses $452,880

TOTAL EXPENSES $1,053,094

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,100,599	$1,578,459	-0.3%
Expenses	$1,053,094	$705,931	+0.5%
Net Income	$47,505	$872,528	-0.9%

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

$79,421

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MING-MING TUNG-EDELMAN	Executive Director	40.00	Director	$79,421	$0	$79,421
YUMIKO DAMASHEK	Board ChairEx Comm Ch	4.000	Officer Director	$0	$0	$0
HEATHER BRIDGES	Vice Board ChairTreas	3.000	Officer Director	$0	$0	$0
BRITTANY MEHL	Secretary	3.000	Officer Director	$0	$0	$0
HAYDEN BIXBY	Governance Comm Chair	3.000	Director	$0	$0	$0
BHARATHI JAGADEESH	Director	3.000	Director	$0	$0	$0
LEANG CHUNG	Director	3.000	Director	$0	$0	$0
ELTA RATLIFF	Develop Comm Chair	3.000	Director	$0	$0	$0
CLEO ESCAREZ	Director	3.000	Director	$0	$0	$0
MAJU QURESHI	Director	3.000	Director	$0	$0	$0
SHANNON WALKER	Director	3.000	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
2023	$1,100,599	$1,053,094	$1,853,655	$47,505
2023	$1,094,632	$1,075,343	$1,848,024	$19,289
2022	$1,578,459	$705,931	$1,902,662	$872,528
2021	$340,256	$346,250	$308,359	$-5,994
2020	$451,910	$201,652	$303,189	$250,258