HANNAH'S SOCKS 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

2008

Legal Domicile

Principal Officer

ROBIN LAIRD

Phone

4193761260

Tax Period

2022-01-01 to 2022-12-31

HANNAH'S SOCKS INC, founded in 2008, is a small nonprofit in the Human Services sector that reported $171K in total revenue in fiscal year 2022. Revenue surged 1195% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 44% operating margin.

Mission

HANNAH'S SOCKS MISSION IS TO ENGAGE SCHOOLS, CHURCHES, BUSINESSES,FAMILIES AND THEIR CHILDREN TO MAKE A DIFFERENCE IN THEIR COMMUNITY BY COLLECTING AND DONATING SOCKS TO THOSE IN NEED.

Program Service Accomplishments

Program 1

Expenses: $86,160 Revenue: $150,804

HANNAH'S SOCKS DISTRIBUTES SOCKS TO INDIVIDUALS BOTH DIRECTLY AND THROUGH CHURCHES, SCHOOLS AND OTHER COMMUNITY ORGANIZATIONS IN OHIO AND NEIGHBORING STATES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $170,520

Program Service Revenue $0

Investment Income $468

Other Revenue $289

TOTAL REVENUE $171,277

Expense Breakdown

Grants Paid $80,752

Salaries & Benefits $8,282

Fundraising Expenses $277

Program Expenses $86,160

Other Expenses $6,942

TOTAL EXPENSES $95,976

Year-over-Year Comparison

	2022	2021	Change
Revenue	$171,277	$13,229	+11.9%
Expenses	$95,976	$58,377	+0.6%
Net Income	$75,301	$-45,148	-2.7%

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

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
JEREMIAH O'BRIEN	PRESIDENT	0.50	Director	$0	$0	$0
KATHRYN TIMMERS	TREASURER	0.50	Officer Director	$0	$0	$0
TIFFANY RICHTER	SECRETARY	0.50	Officer Director	$0	$0	$0
CASSIE ROMAN	TRUSTEE	0.50	Director	$0	$0	$0
LISA BURTON	TRUSTEE	0.50	Director	$0	$0	$0
HOLLY ZERA	TRUSTEE	0.50	Director	$0	$0	$0
PATRICK GIAMMARCO	TRUSTEE	0.50	Director	$0	$0	$0
HANNAH VASHER	TRUSTEE	0.50	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
2022	$171,277	$95,976	$161,535	$75,301
2021	$13,229	$58,377	$90,423	$-45,148
2020	$125,487	$137,262	$134,721	$-11,775
2019	$178,069	$175,760	$146,575	$2,309
2018	$183,133	$209,546	$143,681	$-26,413