JOY OF SOX (EIN 271686705) - 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

2010

Legal Domicile

Principal Officer

Tom Costello Jr

Phone

6106883318

Tax Period

2022-01-01 to 2022-12-31

JOY OF SOX, founded in 2010, is a small nonprofit in the Human Services sector that reported $140K in total revenue in fiscal year 2022. Revenue fell 40% from the prior year — a significant decline worth monitoring.

Mission

The mission of The Joy of Sox is to provide joy and health to those experiencing homelessness by giving them new socks.

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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 (2022)

Revenue Breakdown

Contributions & Grants $140,147

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $140,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,617

Program Expenses $125,622

Other Expenses $136,017

TOTAL EXPENSES $136,017

Year-over-Year Comparison

	2022	2021	Change
Revenue	$140,147	$235,421	-0.4%
Expenses	$136,017	$222,220	-0.4%
Net Income	$4,130	$13,201	-0.7%

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

182

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
Tom Costello Jr	Board Member - Executive Director	30	Director	$0	$0	$0
Tracy McGuckin	Board Chair	12	Director	$0	$0	$0
Kathy Hadden	Board Vice Chair	15	Director	$0	$0	$0
Michelle Giffroy-Rossi	Board Secretrary	6	Director	$0	$0	$0
Nancy Costello	Board Member	20	Director	$0	$0	$0
Regina Melchiorre	Board Member	4	Director	$0	$0	$0
Austin Glass	Board Member	1	Director	$0	$0	$0
Cori Panulla	Board Member	1	Director	$0	$0	$0
Sami Grady	Board Member	1	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
2023	No data	No data	No data	No data
2022	$140,147	$136,017	$33,955	$4,130
2021	$235,421	$222,220	$29,825	$13,201
2020	$166,787	$162,212	$16,624	$4,575

JOY OF SOX