Clothes To Kids Inc

EIN: 141849798 501(c)(3) Human Services

Clearwater, FL

Total Revenue
$2,844,280
Total Expenses
$2,302,290
Total Assets
$2,707,820
Net Assets
$2,526,865
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
FL
Principal Officer
Jennifer Jacobs
Phone
7274415050
Tax Period
2023-01-01 to 2023-12-31

Clothes To Kids Inc, founded in 2002, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $542K, a strong 19% operating margin.

Mission

The mission of Clothes To Kids, Inc. is to provide new and quality used clothing to low-income school aged children, free of charge.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,712,664
Program Service Revenue $0
Investment Income $146,449
Other Revenue $-14,833
TOTAL REVENUE $2,844,280

Expense Breakdown

Grants Paid $1,011,643
Salaries & Benefits $626,432
Fundraising Expenses $184,618
Program Expenses $2,010,874
Other Expenses $664,215
TOTAL EXPENSES $2,302,290

Year-over-Year Comparison

2023 2022 Change
Revenue $2,844,280 $2,619,779 +0.1%
Expenses $2,302,290 $2,255,482 +0.0%
Net Income $541,990 $364,297 +0.5%
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
13
Independent Members
13
Employees
17
Volunteers
200

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
$102,689
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Trey Ward Board Member 1.00
Director
$0 $0 $0
Michael Krohn Board Member 1.00
Director
$0 $0 $0
Mashonda Smith Board Member 1.00
Director
$0 $0 $0
Kimberly Monticello Board Member 1.00
Director
$0 $0 $0
Dawn Graff Board Member 1.00
Director
$0 $0 $0
Adrien Julious-Butler Board Member 1.00
Director
$0 $0 $0
Bill DeVine Board Member 1.00
Director
$0 $0 $0
Jadell Patricio Board Member 1.00
Director
$0 $0 $0
Debbie Viveiros Board Member 1.00
Director
$0 $0 $0
Matthew Felix President 2.00
Officer Director
$0 $0 $0
Robert Gilbride Vice President 2.00
Officer Director
$0 $0 $0
Kevin Cowley Treasurer 2.00
Officer Director
$0 $0 $0
Abbey Center Secretary 2.00
Officer Director
$0 $0 $0
Jennifer Jacobs Executive Director 40.00
Officer
$102,689 $0 $102,689
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
2024 No data No data No data No data
2023 $2,844,280 $2,302,290 $2,707,820 $541,990
2022 $2,619,779 $2,255,482 $2,320,218 $364,297
2021 $2,304,016 $1,842,296 $1,668,959 $461,720
2020 $1,743,482 $1,594,881 $1,270,319 $148,601
2019 $1,938,570 $1,931,066 $1,041,028 $7,504
2018 $1,720,211 $1,626,756 $1,053,977 $93,455
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