UPCYCLE PARTS SHOP

EIN: 832921837 501(c)(3)

CLEVELAND, OH

Total Revenue
$257,599
Total Expenses
$214,142
Total Assets
$73,596
Net Assets
$65,380
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
OH
Phone
2163619933
Tax Period
2024-01-01 to 2024-12-31

UPCYCLE PARTS SHOP, founded in 2018, is a small nonprofit that reported $258K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 17% operating margin.

Mission

TO PROVOKE CREATIVITY AND PROMOTE COMMUNITY THROUGH REUSE, RESOURCEFULNESS, AND RELATIONSHIPS. EDUCATION ON ENVIRONMENT AND CREATIVE REUSE IS CENTRAL TO ALL THE WORK DONE BY THE ORGANIZATION.

Program Service Accomplishments

Program 1
Expenses: $79,629 Revenue: $58,269

UPCYCLE HOSTED SEVERAL SOCIAL MIXERS INCLUDING OUR UPCYCLE MAGIC 10YR ANNIVERSARY FUNDRAISER HOSTED AT LMM WHERE WE HONORED OUR FOUNDER AND SOLD OVER 80 TICKETS, AND THE EVENT SUCCESSFULLY CONNECTED...

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UPCYCLE HOSTED SEVERAL SOCIAL MIXERS INCLUDING OUR UPCYCLE MAGIC 10YR ANNIVERSARY FUNDRAISER HOSTED AT LMM WHERE WE HONORED OUR FOUNDER AND SOLD OVER 80 TICKETS, AND THE EVENT SUCCESSFULLY CONNECTED OUR FOLLOWERS TO THE SPACE OF A NEIGHBORING ASSET, LUTHERAN METROPOLITAN MINISTRY.UPCYCLE PARTS SHOP LAUNCHED A SUCCESSFUL FUNDRAISING CAMPAIGN CALLED THR UPCYCLE MAGIC WHERE WE RAISED OVER $15K ORGANICALLY, EMPHASIZING THE ORGANIZATION HAS TAKEN IN ENOUGH DONATIONS EQUAL TO 62 TONS OVER THE 10 YEARS IN OUR SMALL SPACE. THE GOAL OF FUNDRAISER WAS TO RAISE FUNDS TO SUPPORT THE TRANSITION OF OUR NEWLY EXPANDED SPACE AND STAFF, BRINGING NEW SERVICES AND MATERIALS. UPCYCLE ALSO APPEARED ON 2 EPISODES OF THE KELLY CLARKSON SHOW IN 2024 AS A FINALIST IN THE GOOD NEIGHBOR SEGMENT, WINNING $10K, LEADING TO MANY OTHER MEDIA OUTLETS

Program 2
Expenses: $62,110 Revenue: $45,450

UPCYCLE PARTS SHOP STRENGTHENED ITS SOCIAL ENTERPRISE PROGRAMMING BY REACHING MORE HIGH SCHOOLS IN NORTHEAST OHIO, TARGETING PARTNERSHIPS CMSD WITH HIGH SCHOOLS LOCATED IN THE CITY OF CLEVELAND, AND...

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UPCYCLE PARTS SHOP STRENGTHENED ITS SOCIAL ENTERPRISE PROGRAMMING BY REACHING MORE HIGH SCHOOLS IN NORTHEAST OHIO, TARGETING PARTNERSHIPS CMSD WITH HIGH SCHOOLS LOCATED IN THE CITY OF CLEVELAND, AND EXPANDING THE SERVICES OFFERED TO MEET THE DEMANDS OF SUPPORTERS. NOW OFFERING MORE VIRTUAL PRODUCTS, LESSON PLANS AND CLASS ACTIVITIES. ALSO OFFERING A FREE RESOURCE ON OUR WEBSITE, CONTINUES TO SHARE EDUCATION ON SOCIAL ENTERPRISE AS A BUSINESS MODEL, FEATURING OUR ORGANIZATION AS A CASE STUDY. THE ORGANIZATION BEGAN HOSTING VOLUNTEER WORK PARTIES TO SUPPORT INNOVATION KIT PACKING AND MOVING INTO THE NEWLY EXPANDED SPACE, PARTICIPATION FROM 71 VOLUNTEERS THROUGHOUT THE YEARS IN THESE DIFFERENT AREAS OF SUPPORT. STAFF CONTINUES TO EXPLORE ONLINE SALES OF THE MATERIAL DONATIONS THROUGH MORE CHANNELS THAN EVER BEFORE. ULTIMATELY STAFF CAPACITY IS ALWAYS A CHALLENGE TO BUILD A NEW ONLINE SALES STRATEGY BUT LESSONS WERE LEARNED AND INTEREST WAS SHOWN THAT CAN INFORM EFFORT

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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 $153,880
Program Service Revenue $103,719
Investment Income $0
Other Revenue $0
TOTAL REVENUE $257,599

Expense Breakdown

Grants Paid $0
Salaries & Benefits $133,421
Fundraising Expenses $0
Program Expenses $141,739
Other Expenses $80,721
TOTAL EXPENSES $214,142

Year-over-Year Comparison

2024 2023 Change
Revenue $257,599 $205,274 +0.3%
Expenses $214,142 $191,219 +0.1%
Net Income $43,457 $14,055 +2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
19
Volunteers
N/A

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
5
$38,326
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KALIYA SMITH EXECUTIVE DIRECTOR 40.00
Officer
$38,326 $0 $38,326
DEVON FEGEN-HERDMAN VICE CHAIR UNTIL 102024 1.00
Director
$0 $0 $0
MICHELLE BROOME CHAIR UNTIL 102024 1.00
Director
$0 $0 $0
MAUREEN WISE SECRETARY UNTIL 102024 1.00
Director
$0 $0 $0
DAVID HOLMES DIRECTOR UNTIL 92024 1.00
Director
$0 $0 $0
IIANIT KALIR DIRECTOR UNTIL 42024 1.00
Director
$0 $0 $0
BRI LAZARCHIK DIRECTOR UNTIL 42024 1.00
Director
$0 $0 $0
ALLISON LUKACSY-LOVE DIRECTOR 1.00
Director
$0 $0 $0
GREG MALKIN TREASURER UNTIL 42024 1.00
Director
$0 $0 $0
BRITTNEY SMITH DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE ALLEN DIRECTOR 1.00
Director
$0 $0 $0
JESSICA MORRISON DIRECTOR 1.00
Director
$0 $0 $0
KRISTIN HALL DIRECTOR 1.00
Director
$0 $0 $0
BEATRICE OTEN DIRECTOR 1.00
Director
$0 $0 $0
KATARINA SMILEY DIRECTOR 1.00
Director
$0 $0 $0
MARISSA SIEBERT DIRECTOR 1.00
Director
$0 $0 $0
KATHARYNE STARINSKY DIRECTOR 1.00
Director
$0 $0 $0
ADAM PATTERSON DIRECTOR 1.00
Director
$0 $0 $0
SARAH KOLANSKY TREASURER AS OF 42024 1.00
Officer Director
$0 $0 $0
CANDASHA PERNELL VICE CHAIR AS OF 102024 1.00
Officer Director
$0 $0 $0
BRITTANY SMITH CHAIR AS OF 102024 1.00
Officer Director
$0 $0 $0
CHELSEY EPPICH SECRETARY AS OF 102024 1.00
Officer Director
$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 $257,599 $214,142 $73,596 $43,457
2023 $205,274 $191,219 $33,287 $14,055
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