HAVE SHEARS WILL TRAVEL (EIN 473834674) - 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

BARBARA GOODSON

Phone

7136575654

Tax Period

2025-01-01 to 2025-12-31

HAVE SHEARS WILL TRAVEL, founded in 2015, is a small nonprofit in the Human Services sector that reported $381K in total revenue in fiscal year 2025. Revenue fell 40% from the prior year — a significant decline worth monitoring.

Mission

Have Shears Will Travel is a non-profit hair care ministry organized to serve and educate the local community with special needs that restrict their ability to obtain these services and training due to physical impairment, lack of transportation or financial means.

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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 (2025)

Revenue Breakdown

Contributions & Grants $381,102

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $381,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $16,626

Program Expenses $317,490

Other Expenses $391,564

TOTAL EXPENSES $391,564

Year-over-Year Comparison

	2025	2024	Change
Revenue	$381,102	$636,855	-0.4%
Expenses	$391,564	$628,176	-0.4%
Net Income	$-10,462	$8,679	-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

N/A

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

$13,500

Total Directors

$21,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA GOODSON	PRESIDENT/EXECUTIVE DIRECTOR	40.00	Officer Director	$13,500	$0	$13,500
KRISTAL MCCORVEY CRITES	SECRETARY	0.50	Officer Director	$0	$0	$0
CHERYL JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
CLINK KOSHNICK	TREASURER	0.50	Officer Director	$0	$0	$0
MARIA WADE	DIRECTOR	0.50	Director	$8,250	$0	$8,250
KAYODE AYINLA	DIRECTOR	0.50	Director	$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
2025	$381,102	$391,564	$720,135	$-10,462
2024	$636,855	$628,176	$219,233	$8,679
2023	$418,572	$311,191	$196,400	$107,381
2022	$311,478	$269,440	$95,639	$42,038
2022	$311,478	$269,440	$95,639	$42,038
2021	$233,450	$214,374	$53,600	$19,076

HAVE SHEARS WILL TRAVEL