MASHINIi

Tandy Leather Factory, Inc..

TLF.US | Other retail sale of new goods in specialized stores

Tandy Leather Factory, Inc. is a specialty retailer and wholesale distributor of leather and leather-related products. The company operates through retail stores, wholesale distribution, and internet channels. It offers a wide range of leather, tools, kits, hardware, and teaching materials for leath...Show More

Ethical Profile

Mixed.

Tandy Leather Factory's ethical profile is mixed. The company and its former CEO settled with the SEC over accounting failures, leading to restated financial statements for 2017-2019 and civil penalties of $200,000 for the company and $25,000 for the CEO. Critics point to the company's core reliance on animal-derived leather as fundamentally conflicting with animal welfare. While a Supplier Code of Conduct addresses ethical sourcing, reports suggest some suppliers struggled to trace conflict mineral origins. Data on worker respect, environmental impact, and community engagement remains largely unavailable.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-30
-100100
Kind to Animals-30
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-20
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-20
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

No specific, concrete data points were found in the provided articles to assess Tandy Leather Factory, Inc. against the 'Better Health for All' ethical value. While some articles mention potential hazards for specific products like Eco-flo Leather Dyes (eye/skin/respiratory irritation) and waxed thread (P65 warning for potential reproductive harm), there is no quantitative data on the percentage of products affected, revenue share from such products, frequency or severity of user harm, or any other metrics required by the rubric.

1
The company's core business of leathercraft supplies does not inherently align with health-related services, and no evidence was found regarding health impact, accessibility, equity, or innovation in the health sector.

Fair Money & Economic Opportunity

0

Tandy Leather Factory, Inc. is a specialty retailer and wholesale distributor of leather and leather-related products.

1
The company's core business does not involve lending, insuring, moving, or storing money for consumers, nor does it offer financial products or services.
2
Therefore, all KPIs related to financial services, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion for financial services, and product simplicity for financial products, are not applicable.
3
No evidence was found in the provided articles to score any of these KPIs.
4

Fair Pay & Worker Respect

0

No evidence available to assess Tandy Leather Factory, Inc. on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

0

No quantitative data was found across the provided articles for any of the Fair Trade & Ethical Sourcing KPIs. While the company's Supplier Code of Conduct outlines requirements for labor practices, child labor prevention, and environmental impact

1
, and a conflict minerals policy is in place
2
, no specific percentages, frequencies, or incident numbers are disclosed to assess performance against the rubric's quantitative thresholds. The articles mention supplier audits
3
and inquiries into conflict minerals
4
but do not provide any measurable data points for audit frequency, traceability coverage, or the share of spend on high-risk materials.

Honest & Fair Business

-30

Tandy Leather Factory Inc. settled with the SEC for $200,000, with its former CEO paying an additional $25,000, due to accounting, reporting, and control failures.

1
The company restated financial statements for fiscal years 2017 and 2018, each quarter in fiscal year 2018, and the first quarter of fiscal year 2019, totaling at least 7 restatements over approximately three years.
2
A whistleblower hotline is available.
3
The company has a Code of Business Conduct and Ethics and a Code of Ethics for Senior Financial Officers.
4
A majority of board members are independent, and all members of the Audit, Compensation, and Nominating committees are independent.
5

Kind to Animals

-30

The company's primary business involves selling leather products, meaning the KPI for cage-free sourcing of eggs, meat, or dairy is not applicable.

1
The company is implicated in the exploitation of animals due to its primary business of selling leather products, which are derived from animal hides and involve the slaughtering of animals.
2

No War, No Weapons

0

No specific, concrete data points were found in the provided articles to assess Tandy Leather Factory, Inc. against the 'No War, No Weapons' ethical value. The articles primarily focus on financial results and general company information. While the Dodd-Frank Act's requirement for conflict minerals disclosure is mentioned, and Tandy Leather is noted to have a conflict minerals policy.

1
No specific percentage of the company's supply chain certified conflict-free or details on adherence to humanitarian procurement standards were provided. Therefore, no KPIs can be scored based on the available evidence.

Planet-Friendly Business

-20

Tandy Leather Factory (TLF.US) reported no regulatory actions, violations, fines, or compliance issues in its 2024 financial summary.

1
The company's 2015 annual reports also indicated no environmental compliance violations.
2

Respect for Cultures & Communities

0

No specific data or information regarding TLF.US's performance on any of the 'Respect for Cultures & Communities' KPIs was found in the provided articles.

1
All articles focused on other companies (primarily Unilever) or general industry trends, explicitly stating a lack of relevance to TLF.US or the specified ethical value.
2

Safe & Smart Tech

-20

The company's privacy policy states that European residents have the right to access, correct, update, or delete their personal information, which aligns with industry-standard user privacy controls.

1
For data minimization, the company collects data necessary for order fulfillment, risk assessment, and marketing (if consented), but retains order information until the user requests deletion, which implies indefinite retention if not actively requested, falling into the category of substantial unnecessary data retention.
2
The policy also mentions compliance with applicable laws and regulations, but without specific details or evidence of proactive measures, placing it at basic compliance.
3

Zero Waste & Sustainable Products

0

No evidence available to assess Tandy Leather Factory, Inc. on Zero Waste & Sustainable Products.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.