SKECHERS FOUNDATION

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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

ROBIN CURREN

Phone

3103183100

Tax Period

2023-01-01 to 2023-12-31

SKECHERS FOUNDATION, founded in 2010, is a community nonprofit in the Human Services sector that reported $5.4M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $4.8M left a modest 12% surplus.

Mission

TO SUPPORT PROGRAMS THAT PROVIDE THE GENERAL PUBLIC WITH EDUCATION, JOB TRAINING, FITNESS, HEALTH AND NUTRITION GUIDANCE, AS WELL AS SHOES AND CLOTHING.

Program Service Accomplishments

Program 1

Expenses: $4,755,980

VARIOUS GRANTS FOR PROGRAMS SUPPORTING EDUCATION, JOB TRAINING, FITNESS, HEALTH AND NUTRITION GUIDANCE, AS WELL AS SHOES AND CLOTHING TOTALING 4,595,980. THE ORGANIZATION HAS A SCHOLARSHIP PROGRAM IN WHICH ALL CHILDREN WHO ARE HIGH SCHOOL SENIORS OF SKECHERS USA EMPLOYEES ARE ELIGIBLE TO PARTICIPATE. DURING THE YEAR, 13 INDIVIDUAL SCHOLARSHIPS WERE AWARDED TOTALING 63,700.

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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 $5,763,410

Program Service Revenue $0

Investment Income $6,480

Other Revenue $-331,500

TOTAL REVENUE $5,438,390

Expense Breakdown

Grants Paid $4,695,980

Salaries & Benefits $75,000

Fundraising Expenses $7,500

Program Expenses $4,755,980

Other Expenses $41,775

TOTAL EXPENSES $4,812,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,438,390	$4,001,984	+0.4%
Expenses	$4,812,755	$2,877,081	+0.7%
Net Income	$625,635	$1,124,903	-0.4%

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

N/A

Employees

N/A

Volunteers

193

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

$494,849

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN CURREN	TREASURER	015.00	Officer	$75,000	$16,895	$494,849
DAVID WEINBERG	DIRECTOR/PRESIDENT	001.00	Officer Director	$0	$0	$0
SEAN GALLIHER	DIRECTOR/SECRETARY	001.00	Officer Director	$0	$0	$0
MICHAEL GREENBURG	DIRECTOR	001.00	Director	$0	$0	$0
MARCEE MACKEY	DIRECTOR	002.00	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
2024	No data	No data	No data	No data
2023	$5,438,390	$4,812,755	$5,489,103	$625,635
2022	$4,001,984	$2,877,081	$4,611,104	$1,124,903
2022	$4,471,887	$3,963,132	$4,554,384	$508,755
2021	$5,715,100	$4,298,866	$4,045,629	$1,416,234
2020	$3,900,320	$4,047,912	$2,685,395	$-147,592