SHRED FOUNDATION

EIN: 471612775 501(c)(3) Youth Development

TROY, NY

Total Revenue
$121,922
Total Expenses
$108,573
Total Assets
$117,725
Net Assets
$27,725
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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
2014
Legal Domicile
NY
Tax Period
2022-08-01 to 2023-07-31

SHRED FOUNDATION, founded in 2014, is a small nonprofit in the Youth Development sector that reported $122K in total revenue in fiscal year 2022. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $109K left a modest 11% surplus.

Mission

PROGRAMS FOR UNDERPRIVELEDGED YOUTH

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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 (2022)

Revenue Breakdown

Contributions & Grants $93,560
Program Service Revenue $28,361
Investment Income $1
Other Revenue $0
TOTAL REVENUE $121,922

Expense Breakdown

Grants Paid $0
Salaries & Benefits $43,270
Fundraising Expenses $0
Program Expenses $108,573
Other Expenses $65,303
TOTAL EXPENSES $108,573

Year-over-Year Comparison

2022 2021 Change
Revenue $121,922 $204,882 -0.4%
Expenses $108,573 $192,410 -0.4%
Net Income $13,349 $12,472 +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

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Governance

Voting Members
3
Independent Members
3
Employees
1
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
0
$0
Total Directors
0
$0
Key Employees
1
$80,385
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANNY HAIRSTON EXECUTIVE DIRECTOR 40.00
Key Emp
$80,385 $0 $80,385
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
2023 $121,922 $108,573 $117,725 $13,349
2022 $204,882 $192,410 $12,472 $12,472
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