Kidsclothes Inc

EIN: 311494840 501(c)(3) Philanthropy & Grantmaking

Louisville, KY

Total Revenue
$11,533
Total Expenses
$53,976
Total Assets
$285,284
Net Assets
$285,284
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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
1996
Legal Domicile
KY
Principal Officer
Jon Eldon Golightly
Phone
5023661070
Tax Period
2025-01-01 to 2025-12-31

Kidsclothes Inc, founded in 1996, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $12K in total revenue in fiscal year 2025. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $54K exceeded revenue, resulting in a 368% operating deficit.

Mission

Kidsclothes donates to various educational institutions. They believe in education for children with all abilities.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $60
Program Service Revenue $0
Investment Income $11,473
Other Revenue $0
TOTAL REVENUE $11,533

Expense Breakdown

Grants Paid $53,952
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $53,976
Other Expenses $24
TOTAL EXPENSES $53,976

Year-over-Year Comparison

2025 2024 Change
Revenue $11,533 $15,649 -0.3%
Expenses $53,976 $10,024 +4.4%
Net Income $-42,443 $5,625 -8.5%
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

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Governance

Voting Members
2
Independent Members
3
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jon Eldon Golightly Director 3.00
Officer Director
$0 $0 $0
Mary Kathryn Golightly Director 3.00
Officer 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 $11,533 $53,976 $285,284 $-42,443
2024 $15,649 $10,024 $327,727 $5,625
2023 $83,793 $338,746 $322,102 $-254,953
2022 $101,116 $104,963 $577,055 $-3,847
2021 $187,697 $171,807 $580,902 $15,890
2020 $141,107 $96,815 $567,024 $44,292
2019 $264,328 $286,143 $522,732 $-21,815
2018 $395,346 $238,190 $544,547 $157,156
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