GARMENT LEAGUE INC

EIN: 823167630 501(c)(3) Arts, Culture & Humanities

PHOENIX, AZ

Total Revenue
$572,000
Total Expenses
$352,500
Total Assets
$280,540
Net Assets
$280,540
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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
2018
Legal Domicile
AZ
Tax Period
2023-01-01 to 2023-12-31

GARMENT LEAGUE INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $572K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $220K, a strong 38% operating margin.

Mission

The Garment League is dedicated to providing accessible fashion education and industry resources for individuals of all ages empowering them to learn grow and succeed in the dynamic world of fashion

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $412,000
Program Service Revenue $75,000
Investment Income $0
Other Revenue $85,000
TOTAL REVENUE $572,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $352,500
Other Expenses $352,500
TOTAL EXPENSES $352,500

Year-over-Year Comparison

2023 2022 Change
Revenue $572,000 $386,552 +0.5%
Expenses $352,500 $350,512 +0.0%
Net Income $219,500 $36,040 +5.1%
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

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Governance

Voting Members
10
Independent Members
N/A
Employees
N/A
Volunteers
600

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
0
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tricee Thomas CEO 40.00
Key Emp
$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
2023 $572,000 $352,500 $280,540 $219,500
2022 $386,552 $350,512 $61,040 $36,040
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