CLEAN SOCKS HOPE INC (EIN 271883658) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

Jeffrey S Minton

Phone

5025331135

Tax Period

2023-01-01 to 2023-12-31

CLEAN SOCKS HOPE INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $225K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $297K exceeded revenue, resulting in a 32% operating deficit.

Mission

Clean Socks Hope partners with under-served neighborhoods to provide innovative development that leads to restoration in all areas of life.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,435

Program Service Revenue $256,822

Investment Income $0

Other Revenue $-40,358

TOTAL REVENUE $224,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,555

Fundraising Expenses $0

Program Expenses $297,480

Other Expenses $90,925

TOTAL EXPENSES $297,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,899	$331,358	-0.3%
Expenses	$297,480	$249,768	+0.2%
Net Income	$-72,581	$81,590	-1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Jeffrey S Minton	Executive Director	25	Director	$0	$0	$0
Aundrea Ludlow	Board Member	1		$0	$0	$0
Michael Ludlow	Board Member	1		$0	$0	$0
Michelle L Minton	Vice Chair	1		$0	$0	$0
Jack Mauzy	Board Member	1		$0	$0	$0
Deb Mauzy	Board Member	1		$0	$0	$0
Rev Tommy Embry	Secretary	1	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
2023	$224,899	$297,480	$13,268	$-72,581
2022	$331,358	$249,768	$13,268	$81,590
2021	$355,234	$233,617	$13,268	$121,617
2020	$109,046	$91,710	$27,654	$17,336
2019	$100,401	$116,585	$3,383	$-16,184
2018	$84,097	$78,425	$18,451	$5,672

CLEAN SOCKS HOPE INC