Ethical Trading Company

Nonprofit profile at a glance

EIN
822946211
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024
Location
Madison, WI, USA
Phone
6084676331
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
International Human Rights

Reported finances

Revenue
$78,009
Expenses
$123,635
Assets
$75,749
Liabilities
$170,340

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • JAMES FERRETT (PRESIDENT/CEO)

People named in this filing

  • JAMES FERRETT (PRESIDENT/CEO)
  • MANUEL RAMMINGER (TREASURER)
  • KELLY FERRETT (SECRETARY)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

A socially conscious entity that strives to create jobs that give hope and provide a future to people that live in economically challenged areas in the united states and around the world.

What it reported doing in 2024

Ethical trading company is working to end human trafficking. We do this by importing, marketing, and selling products from suppliers and organizations that create jobs as a way to prevent human trafficking. We believe that by bringing sustainable jobs and income into villages and towns where women and girls are most at risk we will be able to end the cycle of poverty and trafficking once and for all. We specificially work with suppliers who not only provide monetary support but also help with non-financial needs like training, child education, retirement, and child care. We think a holistic approach is key to keeping these woman and future generations from being trafficked. Over the past four years we have realized that the needs of these women and girls is much greater than we anticipated. To that end we continue to support our current suppliers but would like to add more, doing so expands our reach and magnifies our impact.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 98% 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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 100
  • Sustainability: 16
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 73.7%; rating input score 74

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -58.5%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.61; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 2.25; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 49.7%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 13% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 10.7% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 10% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 73.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $91K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 11/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.