COATS FOR KIDS-CLEVELAND

EIN: 341804606 501(c)(3)

BRUNSWICK, OH

Total Revenue
$714,796
Total Expenses
$1,873,293
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
OH
Principal Officer
KEITH HOTCHKISS
Phone
2165202600
Tax Period
2024-07-01 to 2025-06-30

COATS FOR KIDS-CLEVELAND, founded in 1995, is a small nonprofit that reported $715K in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 162% operating deficit.

Mission

COATS FOR KIDS-CLEVELAND (CFK) IS A NON-PROFIT ORGANIZATION THAT PROVIDES NEW COATS TO CHILDREN IN NEED IN NORTHEAST OHIO IN COOPERATION WITH SCHOOL DISTRICTS AND OTHER LOCAL CHARITABLE ORGANIZATIONS

Program Service Accomplishments

Program 1
Expenses: $1,825,235

COATS FOR KIDS PROVIDED NEW WINTER COATS TO CHILDREN OF SCHOOL AGE IN NORTHEAST OHIO. NEW COATS ARE PURCHASED WITH FUNDS RAISED THROUGH A VARIETY OF EVENTS ALONG WITH DONATIONS FROM BUSINESSES...

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COATS FOR KIDS PROVIDED NEW WINTER COATS TO CHILDREN OF SCHOOL AGE IN NORTHEAST OHIO. NEW COATS ARE PURCHASED WITH FUNDS RAISED THROUGH A VARIETY OF EVENTS ALONG WITH DONATIONS FROM BUSINESSES, FOUNDATIONS AND INDIVIDUALS. COATS ARE DISTRIBUTED TO SCHOOLS, CHURCHES AND OTHER COMMUNITY ORGANIZATIONS. ADDITIONALLY, COATS ARE DISTRIBUTED THROUGH A FORMAL PROGRAM INVOLVING PUBLIC SCHOOL DISTRICTS WITH THE HIGHEST PERCENTAGES OF CHILDREN LIVING BELOW FEDERAL POVERTY LEVEL WITHIN COATS FOR KIDS' 5 COUNTY SERVICE AREA. ON AVERAGE (FOR THE PAST SEVERAL YEARS) COATS FOR KIDS HAS DISTRIBUTED MORE THAN 29,000 COATS EACH WINTER.

Program 2

IN 2017, COATS FOR KIDS STARTED A NEW PROGRAM IN WHICH LOCAL COMPANIES WHO DONATE BETWEEN 10,000-15,000 CAN SPONSOR A FULL-SCHOOL COAT DISTRIBUTION EVENT ( DONATION VARIES BASED ON SCHOOL...

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IN 2017, COATS FOR KIDS STARTED A NEW PROGRAM IN WHICH LOCAL COMPANIES WHO DONATE BETWEEN 10,000-15,000 CAN SPONSOR A FULL-SCHOOL COAT DISTRIBUTION EVENT ( DONATION VARIES BASED ON SCHOOL ENROLLMENT). SCHOOLS SELECTED FOR THIS PROGRAM HAVE HIGH PERCENTAGES (BETWEEN 90-100%) OF CHILDREN LIVING BELOW THE FEDERAL POVERTY LEVEL AS EVERY CHILD IN THE SCHOOL IS PROVIDED WITH A NEW WINTER COAT. SINCE FIRST SPONSORED FULL-SCHOOL EVENT IN 2017, COATS FOR KIDS CONNECTED 29 OF THESE FULL-SCHOOL EVENTS THANKS TO GENEROUS CORPORATE SPONSORS

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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 (2024)

Revenue Breakdown

Contributions & Grants $701,792
Program Service Revenue $0
Investment Income $13,004
Other Revenue $0
TOTAL REVENUE $714,796

Expense Breakdown

Grants Paid $1,004,856
Salaries & Benefits $45,582
Fundraising Expenses $5,876
Program Expenses $1,825,235
Other Expenses $822,855
TOTAL EXPENSES $1,873,293

Year-over-Year Comparison

2024 2023 Change
Revenue $714,796 $747,370 0.0%
Expenses $1,873,293 $656,122 +1.9%
Net Income $-1,158,497 $91,248 -13.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
4
Volunteers
50

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET BERNSTEIN BOARD MEMBER 3.00
Director
$0 $0 $0
MICKI BYRNES BOARD MEMBER 3.00
Director
$0 $0 $0
KATHY HIRKO BOARD MEMBER 3.00
Director
$0 $0 $0
KEITH HOTCHKISS PRESIDENT / 3.00
Officer Director
$0 $0 $0
KEITH KENNEDY BOARD MEMBER 3.00
Director
$0 $0 $0
JAMES PAZDERAK TREASURER 3.00
Officer Director
$0 $0 $0
JEFF ZUKAUCKAS SECRETARY 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 $714,796 $1,873,293 No data $-1,158,497
2024 $747,370 $656,122 $1,159,412 $91,248
2023 $642,319 $670,159 $1,068,377 $-27,840
2022 $1,306,533 $642,139 $1,097,128 $664,394
2021 $354,589 $391,809 $432,356 $-37,220
2020 $456,569 $618,176 $469,381 $-161,607
2019 $954,574 $550,263 $666,441 $404,311
2018 $364,811 $470,284 $245,850 $-105,473
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