BOOTS2ROOTS (EIN 473939212) - 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

2016

Legal Domicile

Principal Officer

WILLIAM BENSON

Phone

2077479225

Tax Period

2023-01-01 to 2023-12-31

BOOTS2ROOTS, founded in 2016, is a small nonprofit in the Employment sector that reported $204K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $394K exceeded revenue, resulting in a 93% operating deficit.

Mission

MILITARY TRANSITION AND EMPLOYMENT SERVICES

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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 $201,643

Program Service Revenue $0

Investment Income $3,655

Other Revenue $-1,331

TOTAL REVENUE $203,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,536

Fundraising Expenses $15,485

Program Expenses $358,806

Other Expenses $178,771

TOTAL EXPENSES $394,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,967	$389,253	-0.5%
Expenses	$394,307	$292,309	+0.3%
Net Income	$-190,340	$96,944	-3.0%

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

$85,424

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT HARMON	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CARRIE ARSENAULT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KATHLEEN TROST	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
NATHAN DUNLAP	DIRECTOR	1.00	Director	$0	$0	$0
PAWEL BINCZYK	DIRECTOR	1.00	Director	$0	$0	$0
ALLYSON COOMBS	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN FULLER	DIRECTOR	1.00	Director	$0	$0	$0
JOSH STEIRMAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WOLFSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
CHAD SCHUMAN	DIRECTOR EX OFFICIO	1.00	Director	$0	$0	$0
WILLIAM BENSON	EXECUTIVE DIRECTOR	40.00	Officer	$85,424	$0	$85,424

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	$203,967	$394,307	$182,878	$-190,340
2022	$389,253	$292,309	$364,102	$96,944
2021	$293,199	$173,961	$265,608	$119,238

BOOTS2ROOTS