High Socks for Hope 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

2012

Legal Domicile

Principal Officer

Judy Holland

Phone

8778295500

Tax Period

2023-01-01 to 2023-12-31

High Socks for Hope Inc, founded in 2012, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 29% operating deficit.

Mission

To lend support to charities and organizations helping those affected by tragedies and to provide humanitarian services for individuals in need.

Program Service Accomplishments

Program 1

Expenses: $1,673,995

Provide furniture and household items to families after natural disasters.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,306,904

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,306,904

Expense Breakdown

Grants Paid $1,526,090

Salaries & Benefits $54,228

Fundraising Expenses $0

Program Expenses $1,673,995

Other Expenses $106,637

TOTAL EXPENSES $1,686,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,306,904	$1,530,543	-0.1%
Expenses	$1,686,955	$1,201,269	+0.4%
Net Income	$-380,051	$329,274	-2.2%

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

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

$50,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phelecia Krebs	Director	5.00	Director	$0	$0	$0
Erin Robertson	Executive Director	10.00	Officer	$0	$0	$0
Judy Holland	Managing Director	40.00	Officer	$50,000	$0	$50,000
David Robertson	Director	5.00	Officer	$0	$0	$0
Russ Cole	Treasurer	5.00	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	No data	No data	No data	No data
2023	$1,306,904	$1,686,955	$693,366	$-380,051
2022	$1,530,543	$1,201,269	$1,066,037	$329,274
2021	$1,281,523	$1,043,501	$745,294	$238,022
2020	$1,499,136	$1,613,029	$499,418	$-113,893
2019	$1,498,916	$1,081,472	$617,517	$417,444
2018	$467,027	$490,786	$196,605	$-23,759