Crafty Mart

Nonprofit profile at a glance

EIN
471337945
IRS 990-EZ coverage
2019–2023
Forms available
Form 990-EZ 2023, Form 990-N 2018
Location
Akron, OH, USA
Phone
3304314832
Rating
81
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$7,801
Expenses
$40,371
Assets
$16,454

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • LISA BISCHOFF (EXECUTIVE DIRECTOR)
  • JOANNA CALEY (PRESIDENT)
  • TANYA GREEN (VICE PRESIDENT)

People named in this filing

  • LISA BISCHOFF (EXECUTIVE DIRECTOR)
  • JOANNA CALEY (PRESIDENT)
  • TANYA GREEN (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Crafty Mart supports local artists, makers, and artisans by providing opportunities to learn how to refine and expand their creative businesses through education and markets. Crafty Mart hosts handmade markets for local and regional makers and artists to sell their work and to act as a steppingstone for their small creative businesses. Crafty Mart also offers unique programming to these artists to help them expand their businesses Crafty Mart works hard to advocate for the importance of shopping local and handmade in our community and to spotlight and elevate the artists and makers we support. We work hard to build important, meaningful, and authentic partnerships with like minded organizations and businesses to impact creative networking for our community, shoppers, and makers.

What it reported doing in 2023

The Organization accomplished the following during 2023: successfully held two in-person and one virtual market that hosted over 100 makers; held successful search for Executive Director and Event & Education Director; supported small businesses and partners through markets, networking opportunities, DIY workshops and educational programming; maintained a Crafty Closet that encouraged our community to donate unused craft supplies and is open to the public to shop for what they need to complete their crafty project; hosted DIY workshops that were open for our community to participate in; maintained our mission, vision and values and strategic goals.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 82
  • Sustainability: 9
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.4%; rating input score 84

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -417.5%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.41; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 37.1%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: -14.4% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: -21.6% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: 7.5% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $34K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2019 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.