SINGLE SOCKS INC (EIN 300527073) - 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

2009

Legal Domicile

Phone

5753882488

Tax Period

2025-01-01 to 2025-12-31

SINGLE SOCKS INC, founded in 2009, is a small nonprofit that reported $235K in total revenue in fiscal year 2025. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $261K exceeded revenue, resulting in a 11% operating deficit.

Mission

SUPPORT LOCAL FOOD IMPOVERISHED FAMILIES OF GRANT COUNTY, NM

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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 (2025)

Revenue Breakdown

Contributions & Grants $10,391

Program Service Revenue $222,786

Investment Income $1,416

Other Revenue $95

TOTAL REVENUE $234,688

Expense Breakdown

Grants Paid $119,415

Salaries & Benefits $102,718

Fundraising Expenses $0

Program Expenses $239,899

Other Expenses $39,031

TOTAL EXPENSES $261,164

Year-over-Year Comparison

	2025	2024	Change
Revenue	$234,688	$183,918	+0.3%
Expenses	$261,164	$195,917	+0.3%
Net Income	$-26,476	$-11,999	+1.2%

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
JEFF GOIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES HEMPHILL	SECRETARY	1.00	Officer Director	$0	$0	$0
JANIE EPPERSON	TREASURER	4.00	Officer Director	$0	$0	$0
ROSIE HIGGS	DIRECTOR	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
2025	$234,688	$261,164	$32,913	$-26,476
2024	No data	No data	No data	No data
2023	$160,038	$165,510	$71,257	$-5,472
2022	$203,530	$169,469	$76,770	$34,061

SINGLE SOCKS INC