CLOTHES HELPING KIDS INC (EIN 061519280) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

JOHN SALAMACK

Phone

5052662002

Tax Period

2024-10-01 to 2025-09-30

CLOTHES HELPING KIDS INC, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $540K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION'S STATED PURPOSE IS TO RAISE MONEY FOR MAKING GRANTS AVAILABLE TO CHARITABLE ORGANIZATIONS DEDICATED TO MAKING LASTING, POSITIVE DIFFERENCES IN THE LIVES OF CHILDREN, THEIR FAMILIES, AND THEIR COMMUNITIES THROUGH THE SALE OF CLOTHING AND OTHER HOUSEHOLD ITEMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $378,699

Program Service Revenue $0

Investment Income $6,847

Other Revenue $154,602

TOTAL REVENUE $540,148

Expense Breakdown

Grants Paid $98,000

Salaries & Benefits $238,398

Fundraising Expenses $31,382

Program Expenses $405,272

Other Expenses $192,987

TOTAL EXPENSES $529,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$540,148	$514,829	+0.0%
Expenses	$529,385	$559,613	-0.1%
Net Income	$10,763	$-44,784	-1.2%

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

156

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

$70,770

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERI ARELLANO	SENIOR OFFIC	36.00	Officer	$55,770	$0	$55,770
JOHN SALAMACK	EXECUTIVE DI	9.00	Officer	$15,000	$0	$15,000
SIGRID E OLSON	PRESIDENT	0.08	Officer Director	$0	$0	$0
SHARON LEACH	VICE-PRESIDE	0.08	Officer Director	$0	$0	$0
HAROLD T NILSSON	SECRETARY/TR	0.08	Officer Director	$0	$0	$0
PATRICIA M STELZNER	DIRECTOR	0.08	Director	$0	$0	$0
TROY BRADLEY	DIRECTOR	0.08	Director	$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
2025	$540,148	$529,385	$405,420	$10,763
2024	$514,829	$559,613	$443,802	$-44,784
2023	$493,362	$535,398	$547,845	$-42,036
2022	$623,658	$515,464	$466,550	$108,194
2021	$702,930	$535,210	$442,477	$167,720
2020	$607,147	$682,502	$349,994	$-75,355
2019	$845,189	$831,179	$300,849	$14,010

CLOTHES HELPING KIDS INC