STITCHCREW INC (EIN 823028832) - 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

2017

Legal Domicile

Principal Officer

ERIKA LUCAS

Phone

4056641144

Tax Period

2024-01-01 to 2024-12-31

STITCHCREW INC, founded in 2017, is a small nonprofit in the Human Services sector that reported $769K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $151K, a strong 20% operating margin.

Mission

Educational programs for technology entrepreneurs. As well as support to economic development organizations on how to develop technology driven startup ecosystems and diversity inclusion program to grow the local economy organically.

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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 $765,939

Program Service Revenue $0

Investment Income $3,555

Other Revenue $0

TOTAL REVENUE $769,494

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $404,381

Fundraising Expenses $0

Program Expenses $277,076

Other Expenses $163,829

TOTAL EXPENSES $618,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$769,494	$1,093,046	-0.3%
Expenses	$618,210	$679,908	-0.1%
Net Income	$151,284	$413,138	-0.6%

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

N/A

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

$267,177

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIKA LUCAS	President	40.00	Officer	$96,279	$0	$96,279
CHRIS LUCAS	Treasurer	40.00	Officer	$89,224	$0	$89,224
GABY EICHENLAUB	Secretary	40.00	Officer	$81,674	$0	$81,674

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	$769,494	$618,210	$791,596	$151,284
2023	$1,093,046	$679,908	$640,312	$413,138
2022	$671,980	$555,726	$227,174	$116,254
2021	$516,352	$412,431	$110,920	$103,921
2020	$393,683	$405,677	$6,999	$-11,994
2019	$220,785	$205,075	$18,993	$15,710

STITCHCREW INC