TOOLS & TIARAS 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

2017

Legal Domicile

Principal Officer

JUDALINE CASSIDY

Phone

9179213323

Tax Period

2023-01-01 to 2023-12-31

TOOLS & TIARAS INC, founded in 2017, is a small nonprofit in the Employment sector that reported $267K in total revenue in fiscal year 2023. Expenses of $252K left a modest 6% surplus.

Mission

TOOLS & TIARAS EXPOSES, INSPIRES AND MENTORS GIRLS ABOUT BECOMING FUTURE SKILLED TRADESWOMEN

Program Service Accomplishments

Program 1

Expenses: $117,009 Revenue: $6,710

TOOLS & TIARAS HOSTED ONE 5-DAY SUMMER PROGRAM OUT OF OUR JAMAICA, QUEENS HEADQUARTERS FROM JULY 10 - 14. TWELVE GIRLS, AGES 6-14, PARTICIPATED. EACH DAY FEATURED HANDS-ON WORKSHOPS AND FIELD TRIPS CENTERED ON OUR CONSTRUCTION SKILLS CURRICULUM. THE 2023 SESSION PROGRAMMING INCLUDED ARCHITECTURE (INCLUSIVE DESIGN), SHEET METAL, WATER CONSERVATION, PLUMBING INDUSTRIAL DESIGN, COMMERCIAL PAINTING AND ALLIED TRADES, CARPENTRY, GEOTECHNICAL ENGINEERING, AND DEEP DRILLING. FOR EACH OF THESE WORKSHOPS, WE PUT REAL TOOLS AND MATERIALS INTO GIRLS' HANDS SO THEY KNOW HOW CAPABLE THEY ARE. GIRLS ALSO PARTICIPATED IN OUR NAMESAKE T.O.O.L.S. (TOTAL OWNERSHIP OF LIFE SKILLS) PROGRAMMING, WHICH INCLUDED LEADERSHIP, FINANCIAL LITERACY, AND ACTIVISM.

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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 $259,934

Program Service Revenue $6,710

Investment Income $0

Other Revenue $0

TOTAL REVENUE $266,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,949

Fundraising Expenses $1,386

Program Expenses $117,009

Other Expenses $96,820

TOTAL EXPENSES $251,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,644	$251,367	+0.1%
Expenses	$251,769	$252,408	0.0%
Net Income	$14,875	$-1,041	-15.3%

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

N/A

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

$47,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDALINE CASSIDY	PRESIDENT	20.00	Officer	$47,200	$0	$47,200
ANISAH SABUR	SECRATARY	2.00	Officer	$0	$0	$0
LEAH RAMBO	TREASURER	2.00	Officer	$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	$266,644	$251,769	$655,090	$14,875
2022	$251,367	$252,408	$643,373	$-1,041
2021	$440,780	$230,161	$657,378	$210,619
2020	$252,211	$103,844	$466,492	$148,367
2019	$203,842	$46,794	$254,977	$157,048
2018	$209,340	$23,494	$185,846	$185,846