Hav A Sole

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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

Principal Officer

Rikki Mendias

Phone

3107432493

Tax Period

2024-01-01 to 2024-12-31

Hav A Sole, founded in 2014, is a small nonprofit in the Civil Rights & Advocacy sector that reported $788K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

To provide the homeless and at risk youth population with quality footwear to encourage healthier lifestyles, while fostering a sense of community along the a way.

Program Service Accomplishments

Program 1

Expenses: $606,202

Hav A Sole Outreach / Local Events: We partner with local shelters, charities and organizations all over the Los Angeles area to bring shoes that have been donated from Nike stores and private donors alike. In 2024, we gave out over 8,000 pairs of new sneakers to adults experiencing homelessness, which were valued at $705,220.

Program 2

Expenses: $18,559

#HavASolfulTrip: In collaboration with various professional teams, we organize nationwide road trips each year, raising awareness of the homelessness crisis, while providing sneakers to those in...

#HavASolfulTrip: In collaboration with various professional teams, we organize nationwide road trips each year, raising awareness of the homelessness crisis, while providing sneakers to those in need. In 2023, team Hav A Sole made trips giving out over 500 pairs of sneakers.

Program 3

Expenses: $16,821

Hav A Sole For Kids / Hav A Sole For Success: This ever growing program focuses on children and youth sports programs in underserved communities.

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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 $787,562

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $787,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,966

Fundraising Expenses $60,643

Program Expenses $641,582

Other Expenses $719,719

TOTAL EXPENSES $809,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$787,564	$1,001,928	-0.2%
Expenses	$809,385	$934,866	-0.1%
Net Income	$-21,821	$67,062	-1.3%

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

$71,875

Total Directors