INSTITUTE OF INDUSTRIAL SEWING MACHINE & MECHANICAL TRAINING INC (EIN 954003255) - 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

1985

Legal Domicile

Phone

8183604435

Tax Period

2018-01-01 to 2018-12-31

INSTITUTE OF INDUSTRIAL SEWING MACHINE & MECHANICAL TRAINING INC, founded in 1985, is a small nonprofit that reported $285K in total revenue in fiscal year 2018. Expenses of $329K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO TRAIN UNDERPRIVILEGED INDIVIDUALS IN THE REPAIR AND MAINTENANCE OF INDUSTRIAL SEWING MACHINES. THIS TRAINING ENABLES THESE INDIVIDUALS TO OBTAIN GAINFUL EMPLOYMENT IN THE GARMENT INDUSTRY.TO TRAIN UNDERPRIVILEGED INDIVIDUALS IN THE CUTTING AND SEWING GARMENTS. THIS TRAINING ENABLES THESE INDIVIDUALS TO OBTAIN GAINFUL EMPLOYMENT IN THE GARMENT INDUSTRY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $79

Investment Income $210

Other Revenue $284,827

TOTAL REVENUE $285,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,633

Fundraising Expenses $125,693

Program Expenses $203,151

Other Expenses $264,211

TOTAL EXPENSES $328,844

Year-over-Year Comparison

	2018	2017	Change
Revenue	$285,116	N/A	N/A
Expenses	$328,844	N/A	N/A
Net Income	$-43,728	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
VIRGINIA VANDEWOUWER	CFO	Officer Director	$0	$0	$0
ROLAND VANDEWOUWER	CEO	Officer Director	$0	$0	$0
RAUL ZAMBRANO	Director	Director	$0	$0	$0
ROLAND VANDEWOUWER	CEO	Highest	$58,846	$0	$58,846
VIRGINIA VANDEWOUWER	CFO	Highest	$65,099	$0	$65,099

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
2018	$285,116	$328,844	$255,092	$-43,728

INSTITUTE OF INDUSTRIAL SEWING MACHINE & MECHANICAL TRAINING INC