CALIFORNIA FASHION ASSOCIATION

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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

1998

Legal Domicile

Principal Officer

ILSE METCHEK

Phone

2136886288

Tax Period

2021-01-01 to 2021-12-31

CALIFORNIA FASHION ASSOCIATION, founded in 1998, is a small nonprofit that reported $231K in total revenue in fiscal year 2021. The organization ran a surplus of $45K, a strong 20% operating margin.

Mission

The California Fashion Association (CFA) is a non-profit organization established- To provide information for business expansion and growth to the apparel and textile industry of California.- To provide a forum for industry networking & current issues.- To outline global sourcing options and export opportunities.- To analyze the application of apparel related technology.- To define the industry's economic impact.- To provide information about labor law compliance.- Offering valuable information, strategies, case studies and services to the global apparel and textile industries.- Facilitating meetings, forums and presentations.- Defining strategic objectives for international suppliers and retailers for interaction with the California apparel and textile industry.

Program Service Accomplishments

Program 1

The following programs were held during the year 2021:01/26/21 Technology of Productionfrom Design to Consumer03/08/21 Fashion and the EconomyWhat Is the Future Post COVID03/24/21 Fashion and the...

The following programs were held during the year 2021:01/26/21 Technology of Productionfrom Design to Consumer03/08/21 Fashion and the EconomyWhat Is the Future Post COVID03/24/21 Fashion and the Economywhat Is the Future Post COVID04/21/21 Cotton Import Supply Chain04/22/21 Fashion and the EconomyWhat Is the Future Post COVID04/22/21 Fashion and the EconomyWhat Is the Future Post COVID04/27/21 Creativity Is Not EnoughWhere Is the Money05/13/21 CFA Advisory Board Meeting05/25/21 Fashion and the EconomyWhat Is the Future Post COVID07/06/21 Fashion and the Economy with CFA and Comerica07/08/21 Off the RailsOvercoming Logistics Roadblocks with CFA and Alba07/20/21 Fashion and the EconomyCFA with Alba Wheels Up07/27/21 4 Steps to Digitally Transform Your Factory FlowCFA with CSG07/27/21 Available Careers in the Fashion Industry and What it Takes to Get There08/09/21 Supply Chain Disruptions Are Here08/10/21 Financing Fashion08/18/21 Fashion and the EconomyWhat Is the Future Post COVID09/22/21 CFA Advisory Board Meeting09/30/21 The Business of the Fashion Business Today10/11/21 Fashion Business West Coast Style10/13/21 The Business of the Fashion Business Today10/18/21 The Business of the Fashion Business Today10/18/21 The Business of the Fashion Business Today10/18/21 Q&A with the Experts: Inside the Supply Chain 10/20/21 The Business of the Fashion Business Today10/26/21 Q&A with the Experts: Social Media Legal Issues10/29/21 Career Day 10/30/21 Fashion Tech Works and The New Mart11/10/21 Fashion Law with CFA and member/lawyers11/18/21 Q&A with the Experts: At-Home Employee Management11/30/21 Sustainabilitythe New Normal?12/16/21 CFA Advisory Board Meeting

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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 (2021)

Revenue Breakdown

Contributions & Grants $231,406

Program Service Revenue $0

Investment Income $0

Other Revenue $23

TOTAL REVENUE $231,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,513

Fundraising Expenses $0

Other Expenses $109,480

TOTAL EXPENSES $185,993

Year-over-Year Comparison

	2021	2020	Change
Revenue	$231,429	N/A	N/A
Expenses	$185,993	N/A	N/A
Net Income	$45,436	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

$52,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ILSE METCHEK	President	40.00	Officer	$52,000	$0	$52,000
BRIAN WEITMAN	Vice President	0.00	Officer	$0	$0	$0
ED HANDLER	Vice President	0.00	Officer	$0	$0	$0
JAMES KAUFMAN	Treasurer	0.00	Officer	$0	$0	$0
LONNIE KANE	Chairman	0.00	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
2021	$231,429	$185,993	$157,439	$45,436