CALIFORNIA FASHION ASSOCIATION

EIN: 954541988

Marina Del Rey, CA

Total Revenue
$231,429
Total Expenses
$185,993
Total Assets
$157,439
Net Assets
$34,118
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CA
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.

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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 (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

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Governance

Voting Members
12
Independent Members
12
Employees
3
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
5
$52,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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