LACES OF LOVE CHARITABLE FOUNDATION

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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

2005

Legal Domicile

Principal Officer

SUSAN WARREN

Phone

2392931215

Tax Period

2024-01-01 to 2024-12-31

LACES OF LOVE CHARITABLE FOUNDATION, founded in 2005, is a small nonprofit in the Education sector that reported $825K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $300K, a strong 36% operating margin.

Mission

TO PROVIDE NEW SHOES AND SOCKS TO LOW INCOME AND DISADVANTAGED CHILDREN IN THE STATE OF FLORIDA.

Program Service Accomplishments

Program 1

Expenses: $503,756 Revenue: $813,673

DISTRIBUTED 20,944 PAIRS OF NEW SHOES TO CHILDREN IN LEE AND COLLIER COUNTIER COUNTIES IN FLORIDA.

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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 $813,673

Program Service Revenue $0

Investment Income $11,206

Other Revenue $0

TOTAL REVENUE $824,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $21,309

Program Expenses $503,756

Other Expenses $525,065

TOTAL EXPENSES $525,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$824,879	$586,468	+0.4%
Expenses	$525,065	$378,366	+0.4%
Net Income	$299,814	$208,102	+0.4%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNE NEALON	PRESIDENT	38.00	Officer Director	$0	$0	$0
JULIE MCLEOD	1ST VICE PRESIDENT	12.00	Officer Director	$0	$0	$0
CAREY BRISSON	2ND VICE PRESIDENT	35.00	Officer Director	$0	$0	$0
SUSAN SUSY WARREN	SECRETARY/TREASURER	12.00	Officer Director	$0	$0	$0
JENNIFER HERWIG	DIRECTOR	5.00	Director	$0	$0	$0
BETTE RUSSO	DIRECTOR	5.00	Director	$0	$0	$0
JUDITH GANGI SANTOS	DIRECTOR	5.00	Director	$0	$0	$0
PAM SPARKS	DIRECTOR	12.00	Director	$0	$0	$0
PATTI SPICER	DIRECTOR	5.00	Director	$0	$0	$0
RYAN ULRICH	DIRECTOR	3.00	Director	$0	$0	$0
ANNEMARIE ZOLLER SMITH	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTINA KREIGER	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTINA ANDERSON	DIRECTOR	3.00	Director	$0	$0	$0
MELANIE PECK	DIRECTOR	3.00	Director	$0	$0	$0
DENISE DASILVEIRA	DIRECTOR	2.00	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
2024	$824,879	$525,065	$831,816	$299,814
2023	$586,468	$378,366	$538,509	$208,102
2022	$904,607	$903,338	$327,754	$1,269
2021	$459,681	$431,065	$326,485	$28,616
2020	$369,242	$394,773	$297,869	$-25,531
2019	$451,415	$407,675	$323,400	$43,740
2018	$381,777	$360,512	$279,660	$21,265