SHOES FOR THE HOMELESS INC (EIN 453714066) - 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

2011

Legal Domicile

Principal Officer

IRA DIAMOND

Phone

2133094084

Tax Period

2024-01-01 to 2024-12-31

SHOES FOR THE HOMELESS INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $210K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $237K exceeded revenue, resulting in a 13% operating deficit.

Mission

OUR MISSION IS TO PROVIDE SHOES, AND ACCESSORIES, TO THE HOMELESS AND TO THOSE IN NEED, FREE OF CHARGE, IN OUR LOCAL COMMUNITIES. THESE SHOES ARE PROVIDED TO LOCAL ORGANIZATIONS THAT DIRECTLY SERVE AND DISTRIBUTE THE SHOES TO THE HOMELESS AND THOSE IN NEED SUCH AS RESCUE MISSIONS AND WOMEN SHELTERS.

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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 $210,493

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $210,493

Expense Breakdown

Grants Paid $178,270

Salaries & Benefits $20,439

Fundraising Expenses $437

Program Expenses $235,511

Other Expenses $38,341

TOTAL EXPENSES $237,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,493	$275,053	-0.2%
Expenses	$237,050	$279,515	-0.2%
Net Income	$-26,557	$-4,462	+5.0%

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

300

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
ROBERTA FLUSSER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL HUDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ALBERT VERA	BOARD MEMBER	0.00	Director	$0	$0	$0
PETER HUANG	TREASURER	3.00	Director	$0	$0	$0
IRA DIAMOND	PRESIDENT	25.00	Officer	$0	$0	$0
ROSALIND LA BRIOLA	DIRECTOR OF OPERATIONS	3.00	Officer	$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
2024	$210,493	$237,050	$31,840	$-26,557
2023	$275,053	$279,515	$58,203	$-4,462
2022	$290,214	$292,934	$62,174	$-2,720
2021	$455,113	$443,666	$64,819	$11,447
2020	$275,858	$267,137	$53,372	$8,721
2019	$237,191	$217,460	$44,651	$19,731
2018	$274,974	$268,219	$24,920	$6,755

SHOES FOR THE HOMELESS INC