SUITS OF KINDNESS INC (EIN 472731334) - 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

2015

Legal Domicile

Principal Officer

DAVID HERZKA

Tax Period

2024-01-01 to 2024-12-31

SUITS OF KINDNESS INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $977K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

The organization was formed to manufacture, distribute and on a charitable not-for-profit, cost only basis, provide garments to low income and needy families.

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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 $111,594

Program Service Revenue $864,914

Investment Income $0

Other Revenue $0

TOTAL REVENUE $976,508

Expense Breakdown

Grants Paid $1,037,227

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,120,741

Other Expenses $87,624

TOTAL EXPENSES $1,124,851

Year-over-Year Comparison

	2024	2023	Change
Revenue	$976,508	$1,006,197	0.0%
Expenses	$1,124,851	$865,105	+0.3%
Net Income	$-148,343	$141,092	-2.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVID HERZKA	President	Director	$0	$0	$0
JOSEPH DEUTSCH	Secretary	Officer	$0	$0	$0
SHAYNA RACHEL HERZKA	Treasurer	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	$976,508	$1,124,851	$309,452	$-148,343
2023	$1,006,197	$865,105	$457,795	$141,092
2022	$748,081	$741,967	$316,703	$6,114
2021	$617,226	$648,464	$310,589	$-31,238
2020	$614,994	$824,788	$361,602	$-209,794
2019	$722,139	$558,665	$571,396	$163,474
2018	$618,614	$401,603	$407,922	$217,011

SUITS OF KINDNESS INC