LACES 4 LOVE

EIN: 260462971 501(c)(3) Philanthropy & Grantmaking

NORTH AUGUSTA, SC

Total Revenue
$14,151
Total Expenses
$13,535
Total Assets
$7,828
Net Assets
$5,160
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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
SC
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

PROVIDE SHOES FOR NEEDY ELEMENTARY SCHOOL CHILDREN IN VARIOUS COUNTIES WITHIN THE STATE OF SOUTH CAROLINA

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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 (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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
15

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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