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)

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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

Program Service Accomplishments

Program 1
Expenses: $352,500 Revenue: $0

A leading industry camp for youth interested in a skillset and workforce development within the fashion industry. We provide education in fashion design illustration photography fragrance design...

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A leading industry camp for youth interested in a skillset and workforce development within the fashion industry. We provide education in fashion design illustration photography fragrance design modeling and more.

Program 2
Expenses: $0 Revenue: $20,000

Our MakerSpace project is a dynamic hub tailored for designers and creatives seeking to push the boundaries of their craft. It serves as a comprehensive resource where individuals can access...

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Our MakerSpace project is a dynamic hub tailored for designers and creatives seeking to push the boundaries of their craft. It serves as a comprehensive resource where individuals can access state-of-the-art equipment typically reserved for industry professionals. From cutting-edge machinery to specialized tools our MakerSpace provides an immersive environment where innovation thrives. One of the primary objectives of our MakerSpace is to bridge the gap between creativity and technical proficiency. Through hands-on workshops and training sessions participants can not only utilize advanced equipment but also gain invaluable expertise in its operation. This empowers them to elevate their skill set and confidently explore new avenues within their respective fields. Furthermore our MakerSpace functions as a vital pre-production platform offering a space where ideas can be brought to life in tangible form. Whether it's prototyping new designs or refining existing concepts individuals have the opportunity to experiment and iterate with ease. This iterative process fosters collaboration encourages experimentation and ultimately accelerates the development of innovative solutions.In essence our MakerSpace is more than just a workspace it's a catalyst for creativity learning and advancement within the design and creative industries. By providing access to cutting-edge technology and fostering a collaborative community we aim to empower individuals to realize their full potential and drive positive change through their work.

Program 3
Expenses: $0 Revenue: $0

The Fashion Resource Center is a comprehensive learning facility catering to creatives within the fashion industry. It serves as a hub for education and skill development offering access to...

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The Fashion Resource Center is a comprehensive learning facility catering to creatives within the fashion industry. It serves as a hub for education and skill development offering access to industry-standard software instruction in measuring and specing techniques sewing workshops pattern creation classes and a vast fashion library. This center provides a dynamic environment where individuals can enhance their expertise refine their craft and stay updated with the latest trends and technologies in the fashion world.

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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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