FRAGRANCE SCIENCE & ADVOCACY COUNC… - 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

2021

Legal Domicile

Principal Officer

STEPHANIE BLAKELY

Phone

2026596776

Tax Period

2023-01-01 to 2023-12-31

FRAGRANCE SCIENCE & ADVOCACY COUNCIL, founded in 2021, is a small nonprofit that reported $474K in total revenue in fiscal year 2023. The organization ran a surplus of $120K, a strong 25% operating margin.

Mission

THE FRAGRANCE SCIENCE & ADVOCACY COUNCIL (FSAC) ENGAGES AND EDUCATES STAKEHOLDERS, INCLUDING LEGISLATORS AND REGULATORS, ON THE SCIENCE OF FRAGRANCES. THESE ACTIVITIES INCLUDE, BUT NOT LIMITED TO INTERACTING WITH LEGISLATORS AND REGULATORS AND PARTICIPATING IN RULEMAKINGS THAT WOULD IMPACT THE USE OF FRAGRANCES IN A VARIETY OF PRODUCTS.

Program Service Accomplishments

Program 1

ADVOCACY: THE FSAC WILL BRING SCIENCE AND TECHNICAL EXPERTISE TO THE ADVOCACY MARKET IN THE FRAGRANCE INDUSTRY BY RETAINING LOBBYISTS TO EXAMINE LEGAL ISSUES AT THE STATE AND FEDERAL LEVELS, IN ORDER TO ENSURE THAT FRAGRANCE INGREDIENTS ARE DEFENDED AND PROTECTED. INDUSTRY ADVOCACY EFFORTS, WHICH ARE LED BY THE GOVERNMENT RELATIONS AND SCIENTIFIC AFFAIRS COMMITTEES OF THE FSAC, BEGAN REMOTELY AND VIRTUALLY IN APRIL OF 2021.

Program 2

EDUCATION: THE FSAC WILL EDUCATE LEGISLATORS, REGULATORS, INDUSTRY STAKEHOLDERS AND CONSUMERS ON THE SAFETY OF FRAGRANCE PRODUCTS AND MATERIALS AT THE SCIENTIFIC LEVEL BY DEFENDING FRAGRANCE...

EDUCATION: THE FSAC WILL EDUCATE LEGISLATORS, REGULATORS, INDUSTRY STAKEHOLDERS AND CONSUMERS ON THE SAFETY OF FRAGRANCE PRODUCTS AND MATERIALS AT THE SCIENTIFIC LEVEL BY DEFENDING FRAGRANCE INGREDIENTS AND PROVIDING STRONG SCIENCE AND TECHNICAL PUBLIC POLICY SUPPORT TO ADVANCE AND PROTECT THE FRAGRANCE INDUSTRY. EDUCATION THROUGH SCIENCE-BASED AND TECHNICAL PUBLIC POLICY SUPPORT, WHICH IS LED BY THE FSAC'S SCIENTIFIC AFFAIRS COMMITTEE, BEGAN REMOTELY AND VIRTUALLY IN APRIL OF 2021.

Program 3

COMMUNICATION: THE FSAC WILL BUILD NARRATIVES TO DEFEND KEY FRAGRANCE TOPICS OF INTEREST AND TO PROTECT AND PROMOTE THE INDUSTRY OVERALL BY USING SCIENCE AND TECHNICAL EXPERTISE TO INTERPRET AND...

COMMUNICATION: THE FSAC WILL BUILD NARRATIVES TO DEFEND KEY FRAGRANCE TOPICS OF INTEREST AND TO PROTECT AND PROMOTE THE INDUSTRY OVERALL BY USING SCIENCE AND TECHNICAL EXPERTISE TO INTERPRET AND COMMUNICATE FRAGRANCE STANDARDS INTO A LANGUAGE THAT REGULATORS AND LEGISLATORS CAN UNDERSTAND. THE DEVELOPMENT OF INDUSTRY AND PUBLIC-FACING COMMUNICATIONS AND THE FSAC WEBSITE, WHICH IS CARRIED OUT BY THE FSAC'S COMMUNICATIONS COMMITTEE WITH SUPPORT PROVIDED AS NEEDED FROM THE GOVERNMENT RELATIONS AND SCIENTIFIC AFFAIRS COMMITTEES, BEGAN REMOTELY AND VIRTUALLY IN MARCH OF 2021.

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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 $0

Program Service Revenue $473,719

Investment Income $0

Other Revenue $0

TOTAL REVENUE $473,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $354,032

TOTAL EXPENSES $354,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$473,719	$471,400	+0.0%
Expenses	$354,032	$272,979	+0.3%
Net Income	$119,687	$198,421	-0.4%

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
STEPHANIE BLAKELY	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG ADAMSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LUCIANA DE CASTRO	TREASURER (OUTGOING)	1.00	Officer Director	$0	$0	$0
KERRY BLISSET	TREASURER	1.00	Officer Director	$0	$0	$0
SHARDONA DANESHVARI	SECRETARY	1.00	Officer Director	$0	$0	$0
NICHOLAS GEORGES	EXECUTIVE DIRECTOR	40.00	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	No data	No data	No data	No data
2023	$473,719	$354,032	$526,733	$119,687
2022	$471,400	$272,979	$407,046	$198,421
2021	$398,534	$189,909	$208,625	$208,625

FRAGRANCE SCIENCE & ADVOCACY COUNCIL