Hudson Valley Textile Project Inc (EIN 823468500) - 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

2019

Legal Domicile

Principal Officer

Mary Jeanne Packer

Phone

5186922700

Tax Period

2024-01-01 to 2024-12-31

Hudson Valley Textile Project Inc, founded in 2019, is a small nonprofit in the Human Services sector that reported $197K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $228K exceeded revenue, resulting in a 16% operating deficit.

Mission

Our communal action is in support of local farms to fashion a fiber chain that support local growers, processors artisians manufacurers and consumers.

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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 $40,136

Program Service Revenue $153,570

Investment Income $0

Other Revenue $3,035

TOTAL REVENUE $196,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,510

Fundraising Expenses $0

Program Expenses $227,475

Other Expenses $136,280

TOTAL EXPENSES $227,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$196,741	$120,015	+0.6%
Expenses	$227,790	$193,646	+0.2%
Net Income	$-31,049	$-73,631	-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

Employees

Volunteers

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gail Parrinello	President	5.00	Officer	$0	$0	$0
Kathy Ursem-Fogarty	Secretary	5.00	Officer	$0	$0	$0
Mary Jean Packer	Treasurer	5.00	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	$196,741	$227,790	$130,188	$-31,049

Hudson Valley Textile Project Inc