SHOES 4 THE SHOELESS INC (EIN 273371811) - 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

BRIAN CULPEPPER

Phone

9374785124

Tax Period

2024-01-01 to 2024-12-31

SHOES 4 THE SHOELESS INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $880K in total revenue in fiscal year 2024. The organization ran a surplus of $323K, a strong 37% operating margin.

Mission

TO PROVIDE NEW, PROPERLY FITTING GYM SHOES AND SOCKS TO LOCAL CHILDREN IN NEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $834,245

Program Service Revenue $0

Investment Income $44,113

Other Revenue $1,809

TOTAL REVENUE $880,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,555

Fundraising Expenses $0

Program Expenses $439,569

Other Expenses $331,269

TOTAL EXPENSES $556,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$880,167	$896,802	0.0%
Expenses	$556,824	$536,042	+0.0%
Net Income	$323,343	$360,760	-0.1%

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

6500

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

$79,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRIS HORLACHER	EXECUTIVE DIRECTOR	40.00	Director	$79,833	$0	$79,833
ERIC HALTER	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
BRIAN CULPEPPER	TREASURER	2.00	Officer Director	$0	$0	$0
TRAVIS KINNISON	SECRETARY	2.00	Officer Director	$0	$0	$0
SALLY ROYER	BOARD MEMBER	1.00	Director	$0	$0	$0
LAMONTE HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY PERDUE	BOARD MEMBER	1.00	Director	$0	$0	$0
ABIGAIL WEITZEL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLEY FRANK	BOARD MEMBER	1.00	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	$880,167	$556,824	$1,870,877	$323,343
2023	$896,802	$536,042	$1,542,699	$360,760
2022	$693,648	$435,075	$1,103,668	$258,573
2021	$561,791	$321,202	$870,863	$240,589
2021	$561,791	$321,202	$870,863	$240,589
2020	$463,299	$333,872	$628,030	$129,427

SHOES 4 THE SHOELESS INC