INDUSTRIAL SEWING AND INNOVATION CENTER

EIN: 831881248 501(c)(3) Education

DETROIT, MI

Total Revenue
$2,145,754
Total Expenses
$2,618,290
Total Assets
$888,704
Net Assets
$334,129
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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
MI
Principal Officer
JENNIFER GUARINO
Phone
3138701898
Tax Period
2024-10-01 to 2025-09-30

INDUSTRIAL SEWING AND INNOVATION CENTER, founded in 2018, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

EMPOWER PEOPLE WITH THE FREEDOM TO RELENTLESSLY PURSUE INNOVATION FOR BETTER INDUSTRY AND LIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,640,979
Program Service Revenue $293,543
Investment Income $0
Other Revenue $211,232
TOTAL REVENUE $2,145,754

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,677,720
Fundraising Expenses $277,222
Program Expenses $1,917,514
Other Expenses $940,570
TOTAL EXPENSES $2,618,290

Year-over-Year Comparison

2024 2023 Change
Revenue $2,145,754 $3,529,676 -0.4%
Expenses $2,618,290 $2,585,263 +0.0%
Net Income $-472,536 $944,413 -1.5%
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
9
Employees
40
Volunteers
15

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
6
$324,801
Total Directors
10
$208,737
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER GUARINO PRESIDENT & CEO 50.00
Officer Director
$197,905 $10,832 $208,737
GRETCHEN VALADE DIRECTOR 1.50
Director
$0 $0 $0
AKI CHOKLAT DIRECTOR 1.50
Director
$0 $0 $0
ALLEN LARGIN DIRECTOR 1.50
Director
$0 $0 $0
ROSS PETTARAS DIRECTOR 1.50
Director
$0 $0 $0
CAL MCNEIL DIRECTOR 1.50
Director
$0 $0 $0
MICHAEL TYSON SECRETARY 1.50
Officer Director
$0 $0 $0
MIKE MILLER TREASURER 1.50
Officer Director
$0 $0 $0
LISA KATZ VICE CHAIR 1.50
Officer Director
$0 $0 $0
CHRISTIAN BIRKY CHAIR 1.50
Officer Director
$0 $0 $0
JENNA FOLEY DIRECTOR OF FINANCE 50.00
Officer
$116,064 $0 $116,064
LIONEL CRUZ DIRECTOR OF OPERATIONS 50.00
Highest
$128,453 $4,772 $133,225
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
2025 $2,145,754 $2,618,290 $888,704 $-472,536
2024 $3,529,676 $2,585,263 $1,636,068 $944,413
2023 $2,144,203 $2,317,833 $1,038,314 $-173,630
2022 $2,107,911 $1,799,949 $1,444,915 $307,962
2021 $1,257,813 $2,060,726 $1,242,064 $-802,913
2020 $1,476,278 $1,704,349 $1,596,076 $-228,071
2019 $474,750 $56,896 $417,854 $417,854
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