Toolbank USA Inc

EIN: 900386790 501(c)(3) Community Improvement

Atlanta, GA

Total Revenue
$2,202,586
Total Expenses
$1,984,177
Total Assets
$2,228,092
Net Assets
$2,172,991
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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
2008
Legal Domicile
GA
Principal Officer
Patty Russart
Phone
7703786170
Tax Period
2023-01-01 to 2023-12-31

Toolbank USA Inc, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 10% surplus.

Mission

Toolbank USA strengthens communities through the collaborative establishment of Toolbanks across the US and the provisions of infrastructure support to promote consistency and excellence for all local Toolbanks.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,197,450
Program Service Revenue $0
Investment Income $5,136
Other Revenue $0
TOTAL REVENUE $2,202,586

Expense Breakdown

Grants Paid $0
Salaries & Benefits $866,764
Fundraising Expenses $210,645
Program Expenses $1,715,171
Other Expenses $1,098,430
TOTAL EXPENSES $1,984,177

Year-over-Year Comparison

2023 2022 Change
Revenue $2,202,586 $1,936,042 +0.1%
Expenses $1,984,177 $1,456,721 +0.4%
Net Income $218,409 $479,321 -0.5%
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
19
Independent Members
19
Employees
10
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
2
$286,536
Total Directors
21
$286,536
Key Employees
2
$286,536
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patty Russart CEO 050.00
Officer Director Key Emp Highest
$159,297 $0 $159,297
Trey Beardon CPO 050.00
Officer Director Key Emp Highest
$127,239 $0 $127,239
Brian Pham Board Director 002.00
Director
$0 $0 $0
Toby Vernon Executive Director 002.00
Director
$0 $0 $0
Kim Antifave Chief Audit Executive 002.00
Director
$0 $0 $0
Krish Das VP, Enterprise Data Office 002.00
Director
$0 $0 $0
Kim Richmond Director, Stretegic Solutions Consulting 002.00
Director
$0 $0 $0
Jon Howland VP, Marketing 002.00
Director
$0 $0 $0
Melissa Slone Business Development 002.00
Director
$0 $0 $0
Paul Mitchell Consultant 002.00
Director
$0 $0 $0
Kyle Green Specialist, Employee Engagement 002.00
Director
$0 $0 $0
Abby Probst Director, Sales Offer Enablement 002.00
Director
$0 $0 $0
Kitt Ship Partner 002.00
Director
$0 $0 $0
Bill Kruger Global VP 002.00
Director
$0 $0 $0
Eric Jacobs Financial Director 002.00
Director
$0 $0 $0
Wes Staggs Chief Corporate Development Officer 002.00
Director
$0 $0 $0
Kathleen Barton Counsel 002.00
Director
$0 $0 $0
Allison Stone Graphis Designer 002.00
Director
$0 $0 $0
Jermey Torok VP Product Management 002.00
Director
$0 $0 $0
John Byrs Board Member 002.00
Director
$0 $0 $0
Camille Smith McMakin Senior Attorney 002.00
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 $2,202,586 $1,984,177 $2,228,092 $218,409
2022 $1,936,042 $1,456,721 $2,047,254 $479,321
2021 $1,196,264 $1,001,536 $1,496,142 $194,728
2020 $929,376 $950,463 $1,319,689 $-21,087
2019 $1,210,908 $1,047,535 $1,313,288 $163,373
2018 $1,178,189 $1,436,465 $1,140,789 $-258,276
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