KNOCK KNOCK GIVE A SOCK

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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

Principal Officer

ADINA LICHTMAN

Phone

9178856983

Tax Period

2023-01-01 to 2023-12-31

KNOCK KNOCK GIVE A SOCK is a small nonprofit in the Human Services sector that reported $695K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

SUPPORT HOMELESS THROUGH SOCK DONATIONS

Program Service Accomplishments

Program 1

KKGS HOSTS 'MEET YOUR NEIGHBOIR DINNER,' (MYND) A UNIQUE EXPERIENCE THAT BRINGS TOGETHER CORPORATE EMPLOYEES AND THOSE WHO ARE EXPERIENCING HOMELESSNESS - SIDE BY SIDE WE CREATE AN EXPERIENCE...

KKGS HOSTS 'MEET YOUR NEIGHBOIR DINNER,' (MYND) A UNIQUE EXPERIENCE THAT BRINGS TOGETHER CORPORATE EMPLOYEES AND THOSE WHO ARE EXPERIENCING HOMELESSNESS - SIDE BY SIDE WE CREATE AN EXPERIENCE, THROUGH DINNERS AND CONVERSATION, THAT ENABLES PEOPLE TO SIT DOWN NEXT TO THEIR NEIGHBORS AND TRULY MEET THEM INSTEAD OF JUST RUSHING BY ONE ANOTHER ON THE STREET.

Program 2

KKGS RELIES ON DONATIONS IN ORDER TO CARRY OUT ITS MISSION AND IMPACT. EVERY YEAR, KKGS HOSTS "SOCKS IN THE CITY" SOCIAL, BRINGING MILLENIALS TOGETHER FOR A GREAT EVENT THAT COMBINES FUN AND CHARITY. THE EVENT INCLUDES AN OPEN BAR AND LIVE DJ, ENCOURAGING ATTENDEES TO DANCE THE NIGHT AWAY TO A BETTER WORLD. AT THE END OF THE EVENT, WE OFFER ALL OF OUR GUESTS A PAIR OF SOCKS TO DONATE TO A NEIGHBOR THEY SEE ON THEIR NYC STREETS. THIS EVENT IS MEANT TO ENCOURAGE AM INTERACTION THAT A TYPICAL MILLENIAL'S SATURDAY NIGHT DOES NOT INCLUDE: GIVING BACK.

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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 $695,184

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $695,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,312

Fundraising Expenses $0

Program Expenses $679,876

Other Expenses $546,564

TOTAL EXPENSES $679,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$695,184	$625,535	+0.1%
Expenses	$679,876	$392,755	+0.7%
Net Income	$15,308	$232,780	-0.9%

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

$65,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADINA LICHTMAN	DIRECTOR	20.00	Officer	$65,000	$0	$65,000
ARIEL STERMAN	SECRETARY	N/A	Officer	$0	$0	$0
JOSEF TEPLOW	TREASURER	N/A	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	$695,184	$679,876	$299,001	$15,308
2022	$625,535	$392,755	$283,693	$232,780
2021	$261,003	$249,649	$50,913	$11,354
2020	$295,952	$290,905	$39,559	$5,047
2019	$1,141,795	$1,121,882	$34,512	$19,913
2018	$427,830	$424,213	$14,599	$3,617