LACES 4 LOVE

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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

2013

Legal Domicile

Principal Officer

ROBERT M OSWALD

Phone

8032783513

Tax Period

2024-01-01 to 2024-12-31

LACES 4 LOVE, founded in 2013, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $14K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $14K left a modest 4% surplus.

Mission

TO PROVIDE SHOES TO NEEDY ELEMENTARY SCHOOL CHILDREN WITHIN THE STATE OF SOUTH CAROLINA

Program Service Accomplishments

Program 1

Expenses: $13,535 Revenue: $14,151

PROVIDED CHILDREN WITH SHOES IN AIKEN, EDGEFIELD, MCCORMICK, SALUDA, BARNWELL AND LEXINGTON COUNTIES WITH THE STATE OF SOUTH CAROLINA. WE DISTRIBUTED APPROXIMATELY 1800 PAIRS OF SHOES

Program 2

Expenses: $0 Revenue: $0

PROVIDE SHOES FOR NEEDY ELEMENTARY SCHOOL CHILDREN WITH SEVERAL SOUTH CAROLINA COUNTIES

Program 3

Expenses: $0 Revenue: $0

NONE

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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 $14,151

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,151

Expense Breakdown

Grants Paid $5,469

Salaries & Benefits $7,177

Fundraising Expenses $0

Program Expenses $13,535

Other Expenses $889

TOTAL EXPENSES $13,535

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,151	$25,135	-0.4%
Expenses	$13,535	$27,523	-0.5%
Net Income	$616	$-2,388	-1.3%

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

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
MARK OWENS	CHARIMAN	4	Officer	$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	$14,151	$13,535	$7,828	$616
2023	$25,135	$27,523	$7,212	$-2,388
2022	$18,415	$25,403	$9,600	$-6,988
2021	$13,886	$18,573	$13,920	$-4,687
2020	$25,480	$22,658	$21,544	$2,822