CLOSEKNIT

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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

Tax Period

2021-01-01 to 2021-12-31

CLOSEKNIT, founded in 2015, is a small nonprofit that reported $213K in total revenue in fiscal year 2021. Revenue surged 163% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 43% operating margin.

Mission

PREVENTING YOUTH HOMELESSNESS.

Program Service Accomplishments

Program 1

Expenses: $57,019

CHOSEN JUSTICE PROGRAM: OUR CHOSEN FAMILY JUSTICE INITIATIVE ENGAGES YOUTH FACING HOMELESSNESS, ADULT HOSTS, DIRECT SERVICE PROVIDERS, PROPERTY OWNERS, AND GOVERNMENT AGENCIES TO RAISE AWARENESS...

CHOSEN JUSTICE PROGRAM: OUR CHOSEN FAMILY JUSTICE INITIATIVE ENGAGES YOUTH FACING HOMELESSNESS, ADULT HOSTS, DIRECT SERVICE PROVIDERS, PROPERTY OWNERS, AND GOVERNMENT AGENCIES TO RAISE AWARENESS, CREATE LEGAL RESOURCES, AND POLICY PROPOSALS TO SUPPORT HOSTS WHO ARE INFORMALLY HOSTING YOUTH.

Program 2

Expenses: $25,146

CIRCLE MAP PROJECT: CLOSEKNIT FOCUSES ON THE WELLBEING AND SAFETY OF YOUTH WHO EXPERIENCE HOMELESSNESS. RECOGNIZING THAT TO BEST SERVE YOUTH FACING HOMELESSNESS, YOUNG PEOPLES VOICES AND EXPERIENCES NEED TO BE HEARD, CLOSEKNIT WORKS TO SHIFT THE CONVERSATION ON YOUTH HOMELESSNESS BY INVESTING IN CONNECTIONS BETWEEN YOUTH AND THEIR NATURAL SUPPORTS ALONG WITH RESEARCHING, TRAINING, AND ADVOCATING FOR PRACTICES THAT SUPPORT THE NEEDS OF HOMELESS YOUTH. OUR APPROACH HELPS YOUTH HONOR THEIR DEEP NEED FOR CONNECTION AND BELONGING, REPAIR RELATIONSHIPS, AND BUILD THEIR OWN NETWORKS OF SUPPORT. THE CIRCLE MAP IS OUR STARTING POINT A TOOL USED BY CLOSEKNIT TO HELP YOUTH IDENTIFY POSSIBLE INFORMAL HOSTING ARRANGEMENTS FROM WITHIN THEIR ALREADY EXISTING NETWORK OF ADULTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $209,784

Program Service Revenue $2,750

Investment Income $13

Other Revenue $0

TOTAL REVENUE $212,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,747

Fundraising Expenses $6,863

Program Expenses $82,165

Other Expenses $13,838

TOTAL EXPENSES $120,448

Year-over-Year Comparison

	2021	2020	Change
Revenue	$212,547	$80,864	+1.6%
Expenses	$120,448	$59,864	+1.0%
Net Income	$92,099	$21,000	+3.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACQUELINE WHITE	EXECUTIVE DIRECTOR	40.00	Highest	$67,308	$0	$67,308
BEAU RARA	DIRECTOR	2.00	Director	$0	$0	$0
PRIYA SURY	DIRECTOR	2.00	Director	$0	$0	$0
ROSYMAR HJERMSTAD	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH RYAN	DIRECTOR	2.00	Director	$0	$0	$0
AARON ZIMMERMAN	DIRECTOR CHAIR	2.00	Officer Director	$0	$0	$0
JEREMY LANE	TREASURER	2.00	Officer Director	$0	$0	$0
CRAIG COX	SECRETARY	2.00	Officer 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
2024	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	No data	No data	No data	No data
2021	$212,547	$120,448	$125,191	$92,099