Wear Gloves 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

2009

Legal Domicile

Principal Officer

Ken Kebrdle

Phone

3527270239

Tax Period

2023-01-01 to 2023-12-31

Wear Gloves Inc, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 3% surplus.

Mission

Wear Gloves Inc. is a 501(c)(3) Nonprofit Organization, founded in 2009, dedicated to helping those in need earn what they need.

Program Service Accomplishments

Program 1

Expenses: $1,122,844 Revenue: $1,161,683

Dignity Center has provided thousands of dollars in financial assistance to those in need based on services provided at the dignity center. This has allowed people in need to pay for housing or other...

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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 $0

Program Service Revenue $1,161,683

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,161,683

Expense Breakdown

Grants Paid $721,041

Salaries & Benefits $214,723

Fundraising Expenses $0

Program Expenses $1,122,844

Other Expenses $187,080

TOTAL EXPENSES $1,122,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,161,683	$732,400	+0.6%
Expenses	$1,122,844	$804,820	+0.4%
Net Income	$38,839	$-72,420	-1.5%

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

$42,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ken Kerbdle	Chairman	40.00	Officer	$20,775	$0	$20,775
Wendy Kerbdle	Chairman	40.00	Officer	$21,600	$0	$21,600

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	$1,161,683	$1,122,844	$469,437	$38,839
2022	$732,400	$804,820	$447,610	$-72,420
2021	$622,079	$579,673	$99,564	$42,406
2020	$604,129	$562,715	$76,703	$41,414
2019	$329,504	$333,609	$28,643	$-4,105