FOLSOM QUILT AND FIBER GUILD

EIN: 943023549

Folsom, CA

Total Revenue
$75,212
Total Expenses
$63,282
Total Assets
$80,375
Net Assets
$80,375
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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
1985
Legal Domicile
CA
Tax Period
2023-04-01 to 2024-03-31

FOLSOM QUILT AND FIBER GUILD, founded in 1985, is a micro nonprofit that reported $75K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12K, a strong 16% operating margin.

Mission

PROMOTE QUILTING AND FIBER ARTS AND THE PRESERVATION OF ART AND TECHNIQUES IN QUILTING AND FIBER ARTS

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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 $75,170
Program Service Revenue $0
Investment Income $42
Other Revenue $0
TOTAL REVENUE $75,212

Expense Breakdown

Grants Paid $5,272
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $55,044
Other Expenses $58,010
TOTAL EXPENSES $63,282

Year-over-Year Comparison

2023 2022 Change
Revenue $75,212 $62,199 +0.2%
Expenses $63,282 $59,222 +0.1%
Net Income $11,930 $2,977 +3.0%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
15

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN HAMER TREASURER 4.00
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 $75,212 $63,282 $80,375 $11,930
2023 $62,199 $59,222 $68,445 $2,977
2022 $51,593 $37,400 $65,468 $14,193
2021 $31,907 $41,526 $51,275 $-9,619
2020 $50,829 $55,591 $60,119 $-4,762
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