RaiseFashion Inc (EIN 852172543) - 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

2020

Legal Domicile

Principal Officer

Alexa Geovanos

Phone

9175937018

Tax Period

2023-01-01 to 2023-12-31

RaiseFashion Inc, founded in 2020, is a small nonprofit that reported $308K in total revenue in fiscal year 2023. Revenue surged 449% from the prior year, signaling strong growth momentum. Expenses of $267K left a modest 13% surplus.

Mission

Focusing on the opportunity and responsibility of workers in the fashion world to cultivate a more diverse industry, one that actively promotes and fosters black-owned businesses.

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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 (2023)

Revenue Breakdown

Contributions & Grants $308,021

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $308,021

Expense Breakdown

Grants Paid $208,100

Salaries & Benefits $0

Fundraising Expenses $24,982

Program Expenses $208,100

Other Expenses $59,158

TOTAL EXPENSES $267,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$308,021	$56,093	+4.5%
Expenses	$267,258	$61,195	+3.4%
Net Income	$40,763	$-5,102	-9.0%

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

N/A

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
Alexa Geovanos	Secretary	8.00	Officer Director	$0	$0	$0
April Hennig	Chairman	8.00	Officer Director	$0	$0	$0
Nelli Kim	CFO	8.00	Officer Director	$0	$0	$0
Carly Cushnie	Officer	1.00	Director	$0	$0	$0
Felita Harris	Executive Director	6.00	Officer Director	$0	$0	$0
Roopal Patel	Officer	2.00	Director	$0	$0	$0
Nayla Touma	Officer	1.00	Director	$0	$0	$0
Elizabeth Von Der Goltz	Officer	2.00	Director	$0	$0	$0
Betty Wang	Officer	2.00	Director	$0	$0	$0
Andrew Taylor	Officer	4.00	Director	$0	$0	$0
Divya Mathur	Officer	3.00	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	No data	No data	No data	No data
2023	$308,021	$267,258	$104,546	$40,763

RaiseFashion Inc