TWO TEN FOOTWEAR FOUNDATION INC (EIN 222579809) - 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

1939

Legal Domicile

Principal Officer

JIM SULLIVAN

Phone

7817361524

Tax Period

2024-07-01 to 2025-06-30

TWO TEN FOOTWEAR FOUNDATION INC, founded in 1939, is a community nonprofit in the Community Improvement sector that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $6.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

TWO TEN SUPPORTS FOOTWEAR EMPLOYEES WITH DISASTER/HARDSHIP RELIEF, (CONTINUED ON SCHEDULE O) COUNSELING, EDUCATIONAL FUNDING, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES, NETWORKING, AND COMMUNITY-BUILDING.TWO TEN IS ACTIVE IN FOUR KEY PROGRAM AREAS: 1. RELIEF: TWO TEN AWARDS DISASTER AND HARDSHIP RELIEF GRANTS TO INDUSTRY EMPLOYEES IN NEED DURING TIMES OF HARDSHIP AND CRISIS. 2. EDUCATION: TWO TEN AWARDS COLLEGE SCHOLARSHIPS TO INDUSTRY EMPLOYEES AND THEIR DEPENDENTS TO MAKE HIGHER EDUCATION MORE AFFORDABLE FOR FOOTWEAR FAMILIES. WE ALSO OFFER UPSKILLING AND PROFESSIONAL DEVELOPMENT GRANTS TO FOOTWEAR EMPLOYEES SEEKING CAREER-FOCUSED TRAINING (THROUGH A GRANT PROGRAM THAT IS CURRENTLY FOCUSED ON SUPPORTING WOMEN IN FOOTWEAR).3. COUNSELING: TWO TEN OFFERS AN EMPLOYEE ASSISTANCE PROGRAM THAT PROVIDES FREE AND CONFIDENTIAL ACCESS TO MENTAL HEALTH SERVICES, FINANCIAL COUNSELING, AND OTHER WORK/LIFE BALANCE RESOURCES. 4. COMMUNITY: TWO TEN CONVENES INDUSTRY GROUPS (PROFESSIONAL

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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 $3,898,326

Program Service Revenue $0

Investment Income $1,695,879

Other Revenue $23,593

TOTAL REVENUE $5,617,798

Expense Breakdown

Grants Paid $2,828,581

Salaries & Benefits $2,202,048

Fundraising Expenses $813,693

Program Expenses $4,700,755

Other Expenses $1,155,441

TOTAL EXPENSES $6,186,070

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,617,798	$3,800,586	+0.5%
Expenses	$6,186,070	$5,133,770	+0.2%
Net Income	$-568,272	$-1,333,184	-0.6%

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

$1,003,219

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF ESPERSEN	DIRECTOR	1.00	Director	$0	$0	$0
TSERING NAMGYAL	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE FERREE	DIRECTOR	1.00	Director	$0	$0	$0
GLENN BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN ITZKOWITZ	DIRECTOR	1.00	Director	$0	$0	$0
GREG TUNNEY	DIRECTOR	1.00	Director	$0	$0	$0
TACEY POWERS	DIRECTOR	1.00	Director	$0	$0	$0
TRACY MCLEOD	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN FRANKEL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JIM SALZANO	DIRECTOR	1.00	Director	$0	$0	$0
DANNY MUSKAT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KAHAN	DIRECTOR	1.00	Director	$0	$0	$0
GREGG RIBATT	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE STIFF	SECRETARY	1.00	Officer Director	$0	$0	$0
BEVERLY GOLDBERG	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE KRUEGER	DIRECTOR	1.00	Director	$0	$0	$0
JIM ISSLER	DIRECTOR	1.00	Director	$0	$0	$0
GIOVANNA CIPRIANO	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA GIGANTE	DIRECTOR	1.00	Director	$0	$0	$0
KATHY FORSTADT	DIRECTOR	1.00	Director	$0	$0	$0
JOEL OBLONSKY	DIRECTOR	1.00	Director	$0	$0	$0
BETH CROSS	TREASURER	1.00	Officer Director	$0	$0	$0
JENNET CHOW	DIRECTOR	1.00	Director	$0	$0	$0
PHILIPPA NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
ED ROSENFELD	DIRECTOR	1.00	Director	$0	$0	$0
JOE PRESTON	CHAIR	1.00	Director	$0	$0	$0
MARTIN BERMAN	DIRECTOR	1.00	Director	$0	$0	$0
SETH CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
TRACY PAOLETTI	DIRECTOR	1.00	Director	$0	$0	$0
RONNIE JEFFERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK WORDEN	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MEHLMAN	DIRECTOR	1.00	Director	$0	$0	$0
DIANE SULLIVAN	DEVELOPMENT CONSULTANT	1.00	Director	$0	$0	$0
MICHAEL ATMORE	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN OSBORNE	PRESIDENT AND CEO	37.50	Key Emp	$430,645	$24,671	$455,316
CLYDE SYLVIA	CFO	37.50	Key Emp	$168,023	$11,906	$179,929
BARBARA CLEMENT	VP OF MARKETING & COMMUNIC	37.50	Key Emp	$173,252	$12,626	$185,878
LESLIE RENNER	VP OF DEVELOPMENT	37.50	Key Emp	$170,190	$11,906	$182,096
ERNESTO TEIXEIRA	CONTROLLER	37.50	Highest	$101,164	$0	$101,164
KELLI-BETH VECCHIONE	DEVELOPMENT CONSULTANT	37.50	Highest	$126,152	$0	$126,152

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	$5,617,798	$6,186,070	$41,278,020	$-568,272
2024	No data	No data	No data	No data
2023	$4,659,137	$5,708,249	$38,309,975	$-1,049,112
2022	$5,812,562	$5,760,655	$38,171,628	$51,907
2021	$4,279,533	$6,267,008	$45,338,279	$-1,987,475
2020	$5,408,510	$9,794,918	$37,957,081	$-4,386,408
2018	$6,829,460	$6,883,402	$42,615,640	$-53,942

TWO TEN FOOTWEAR FOUNDATION INC