WATERBURY AREA MAKERSPHERE COOPERA… - Form 990 Financial Data

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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

Principal Officer

MARY K MONLEY

Phone

8024964746

Tax Period

2024-01-01 to 2024-12-31

WATERBURY AREA MAKERSPHERE COOPERATIVE INC, founded in 2018, is a small nonprofit in the Education sector that reported $216K in total revenue in fiscal year 2024. Expenses of $273K exceeded revenue, resulting in a 26% operating deficit.

Mission

MAKERSPHERE IS DEDICATED TO FOSTERING CREATIVITY IN OUR COMMUNITY BY PROVIDING EDUCATIONAL OPPORTUNITIES AND WORKSPACE FOR ALL AGES. WE HELP PEOPLE SHARE THEIR KNOWLEDGE AND BUILD THEIR CREATIVE SKILLS IN THE ARTS, CRAFTS AND TRADES.

Program Service Accomplishments

Program 1

Expenses: $269,103 Revenue: $145,069

ARTS AND EDUCATIONAL WORKSHOPS

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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 $70,841

Program Service Revenue $145,069

Investment Income $31

Other Revenue $0

TOTAL REVENUE $215,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,040

Fundraising Expenses $0

Program Expenses $269,103

Other Expenses $159,806

TOTAL EXPENSES $272,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$215,941	$208,384	+0.0%
Expenses	$272,846	$219,359	+0.2%
Net Income	$-56,905	$-10,975	+4.2%

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
BRIAN SCHWARTZ	DIRECTOR	3.00	Director	$0	$0	$0
KATE SHAW	DIRECTOR	2.00	Director	$0	$0	$0
RENEE ROSS	DIRECTOR	2.00	Director	$0	$0	$0
KATRINA BURKS	DIRECTOR	2.00	Director	$0	$0	$0
AMY SESSOCK	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE BAKER	DIRECTOR	2.00	Director	$0	$0	$0
GRACE TOMCZAK	DIRECTOR	2.00	Director	$0	$0	$0
MARY K MONLEY	PRESIDENT	5.00	Officer	$0	$0	$0
DANA HUDSON	SECRETARY	2.00	Officer	$0	$0	$0
DON SCHNEIDER	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
2025	No data	No data	No data	No data
2024	$215,941	$272,846	$18,863	$-56,905
2023	$208,384	$219,359	$72,828	$-10,975

WATERBURY AREA MAKERSPHERE COOPERATIVE INC