Operation Warm Inc (EIN 383663310) - 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

2002

Legal Domicile

Principal Officer

Richard Sanford

Phone

6103882500

Tax Period

2024-04-01 to 2025-03-31

Operation Warm Inc, founded in 2002, is a mid-sized nonprofit in the Human Services sector that reported $69.2M in total revenue in fiscal year 2024. Expenses of $65.9M left a modest 5% surplus.

Mission

Operation Warm provides warmth, confidence, and hope through basic need programs, including the provision of brand-new winter coats, shoes and sports bras, that connect under-resourced children to community resources they need to thrive.

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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 $68,540,942

Program Service Revenue $0

Investment Income $697,787

Other Revenue $0

TOTAL REVENUE $69,238,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,762,516

Fundraising Expenses $2,218,388

Program Expenses $62,761,081

Other Expenses $60,179,224

TOTAL EXPENSES $65,941,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,238,729	$66,717,466	+0.0%
Expenses	$65,941,740	$63,236,037	+0.0%
Net Income	$3,296,989	$3,481,429	-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

41000

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

$690,677

Total Directors

$703,328

Key Employees

$304,865

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard D Sanford	Founder, CEO & Chairman	50.00	Officer Director	$364,662	$46,839	$411,501
Stephanie D Cohen	CFO, Treasurer & Secretary	50.00	Officer Director	$249,037	$30,139	$279,176
Barry Abelson Esq	Director	1.00	Director	$0	$0	$0
Basil Anderson	Director	1.00	Director	$0	$0	$0
Susan Bailey	Director	1.00	Director	$0	$12,651	$12,651
Willie F Bailey Sr	Director	1.00	Director	$0	$0	$0
Scott A Beaumont	Director	1.00	Director	$0	$0	$0
JB Doherty	Director	1.00	Director	$0	$0	$0
Dominique C DuMouchel	Director	1.00	Director	$0	$0	$0
Kristen Hamer	Director	1.00	Director	$0	$0	$0
Kara Harding	Director	1.00	Director	$0	$0	$0
Katharine MacGregor	Director (until 3/25)	1.00	Director	$0	$0	$0
Samuel Nesbit Jr	Director (until 3/25)	1.00	Director	$0	$0	$0
Greg Pratt	Director	1.00	Director	$0	$0	$0
Pina Starnino	Director	1.00	Director	$0	$0	$0
Alex Stern	Director	1.00	Director	$0	$0	$0
John Stockman	Director	1.00	Director	$0	$0	$0
Tara Toocheck	Director	1.00	Director	$0	$0	$0
Tim Wallace	Director	1.00	Director	$0	$0	$0
Grace A Sica	Executive Director	50.00	Key Emp	$273,084	$31,781	$304,865
Heather M Connolly	Partnerships VP	50.00	Highest	$173,100	$19,524	$192,624
Brendalis O Lee	Marketing Director	50.00	Highest	$149,747	$6,806	$156,553
Richard P Lalley	Partnerships Director	50.00	Highest	$130,191	$6,016	$136,207
Kirsten D Bradley	Partner Development Direct	50.00	Highest	$134,764	$13,366	$148,130
Stephanie Sieminski	Acct Management Directo	50.00	Highest	$131,627	$6,081	$137,708

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	$69,238,729	$65,941,740	$21,032,876	$3,296,989
2024	$66,717,466	$63,236,037	$17,872,028	$3,481,429
2023	$44,995,593	$42,550,263	$14,487,901	$2,445,330
2022	$38,820,959	$36,515,357	$9,867,114	$2,305,602
2021	$33,008,029	$31,200,232	$8,421,106	$1,807,797
2020	$25,477,896	$25,382,135	$8,722,978	$95,761

Operation Warm Inc