OPERATION SHOESTRING INC (EIN 640471554) - 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

1968

Legal Domicile

Principal Officer

ROBERT LANGFORD

Phone

6013536336

Tax Period

2024-08-01 to 2025-07-31

OPERATION SHOESTRING INC, founded in 1968, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Net assets of $6.9M represent 42 months of operating reserves.

Mission

OPERATION SHOESTRING EXISTS TO INVEST IN THE HEARTS AND MINDS OF OUR CHILDREN AND THEIR 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 $1,876,522

Program Service Revenue $0

Investment Income $100,551

Other Revenue $20

TOTAL REVENUE $1,977,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,207,955

Fundraising Expenses $185,898

Program Expenses $1,426,291

Other Expenses $810,917

TOTAL EXPENSES $2,018,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,977,093	$3,734,061	-0.5%
Expenses	$2,018,872	$2,603,427	-0.2%
Net Income	$-41,779	$1,130,634	-1.0%

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

281

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

$222,445

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA NETTERVILLE	BOARD MEMBER	2.00	Director	$0	$0	$0
DEIDRA BELL	TREASURER	2.00	Officer Director	$0	$0	$0
DEMONDES HAYNES	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG BOONE	BOARD MEMBER	2.00	Director	$0	$0	$0
FRANK LENIOR	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF STANCILL	BOARD MEMBER	2.00	Director	$0	$0	$0
KATIE LIGHTSEY BROWNING	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
KATINA PACE	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL WALKER	BOARD MEMBER	2.00	Director	$0	$0	$0
NANCY SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
PAHEADRA ROBINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
PHIL EIDE	BOARD MEMBER	2.00	Director	$0	$0	$0
RICKEY JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
SHERRY RAINEY	SECRETARY	2.00	Officer Director	$0	$0	$0
VON GORDON	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT LANGFORD	EXECUTIVE DIRECTOR	40.00	Officer	$210,834	$11,611	$222,445

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	$1,977,093	$2,018,872	$6,954,546	$-41,779
2024	$3,734,061	$2,603,427	$7,278,908	$1,130,634
2023	$1,314,193	$2,143,419	$5,816,914	$-829,226
2022	$2,220,857	$1,627,782	$6,670,797	$593,075
2021	$2,623,075	$1,543,934	$6,105,400	$1,079,141
2019	$1,152,018	$1,410,762	$5,159,049	$-258,744
2018	$2,638,534	$1,289,961	$3,361,048	$1,348,573

OPERATION SHOESTRING INC