CLEAN SOCKS HOPE INC

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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

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 underserved neighborhoods to provide innovative development that leads to restoration in all areas of life.

Program Service Accomplishments

Program 1

Expenses: $297,180 Revenue: $256,822

Pizza Ministry: 8th Street Pizza is a fast casual hybrid restaurant and social cafe with a conscience. Instead of proceeds going to an owner or figurehead, our proceeds support the underserved New...

Pizza Ministry: 8th Street Pizza is a fast casual hybrid restaurant and social cafe with a conscience. Instead of proceeds going to an owner or figurehead, our proceeds support the underserved New Albany community.

Program 2

Expenses: $300 Revenue: $0

Midtown Neighborhood Network is a primary way in which we answer food insecurity is by equipping cooperative members to achieve food security. While members' life situations differ, they all share...

Midtown Neighborhood Network is a primary way in which we answer food insecurity is by equipping cooperative members to achieve food security. While members' life situations differ, they all share one experience: At the end of the month, they are low on money and because of the unpredictability of food bank donations and shelter resources, they do not know whether to spend their limited cash on food, rent, or utilities.

Program 3

Expenses: $0 Revenue: $0

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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 (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

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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
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