KNIFE RIGHTS INC

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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

2006

Legal Domicile

Principal Officer

DOUGLAS S RITTER

Phone

6024762702

Tax Period

2023-10-01 to 2024-09-30

KNIFE RIGHTS INC, founded in 2006, is a small nonprofit in the Civil Rights & Advocacy sector that reported $297K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $331K exceeded revenue, resulting in a 11% operating deficit.

Mission

KNIFE RIGHTS IS DEDICATED TO: 1. PROVIDING KNIFE AND EDGED TOOL OWNERS AN EFFECTIVE VOICE TO INFLUENCE PUBLIC POLICY AND TO OPPOSE EFFORTS TO RESTRICT THE RIGHT TO OWN, USE AND CARRY KNIVES AND EDGED TOOLS; 2. ENCOURAGING SAFE, RESPONSIBLE AND LAWFUL USE OF KNIVES AND EDGED TOOLS THROUGH EDUCATION AND OUTREACH, ENHANCING POSITIVE PERCEPTIONS OF KNIVES AND EDGED TOOLS AND THEIR OWNERS AND USERS; 3. ENCOURAGING THE MARKETING OF KNIVES AND EDGED TOOLS IN A RESPONSIBLE MANNER CONDUCIVE TO THE ORGANIZATION'S GOALS; 4. COOPERATING WITH ADVOCACY ORGANIZATIONS HAVING COMPLEMENTARY INTERESTS AND GOALS; 5. PROVIDING KNIFE AND EDGED TOOL OWNERS WITH SERVICES THAT THEY WILL FIND VALUABLE IN ORDER TO BUILD MEMBERSHIP TO ENABLE SUCCESS IN OUR PRIMARY OBJECTIVES.

Program Service Accomplishments

Program 1

Expenses: $304,973 Revenue: $17,170

KNIFE LAW PREEMPTION PROTECTS KNIFE OWNERS' CIVIL RIGHTS BY REMOVING CONFUSING AND DISCRIMINATORY PATCHWORKS OF LOCAL KNIFE RESTRICTIONS SO THAT KNIFE OWNERS ARE TREATED THE SAME WHEREVER THEY TRAVEL WITHIN A STATE'S BORDERS. THE ORGANIZATION'S WORK CONTINUED THIS YEAR AND SAW GREAT SUCCESS -IN NEW JERSEY, KNIFE RIGHTS SUCCESSFULLY WORKED TO GET A SENATE COMMITTEE TO AMEND A BILL THAT TARGETED KNIFE OWNERS WITH FELONIES.IN PENNSYLVANIA KNIFE RIGHTS SUCCESSFULLY REPEALED THE STATE'S IRRATIONAL, OUTDATED AND UNCONSTITUTIONAL AUTOMATIC KNIFE RESTRICTIONS.IN VIRGINIA KNIFE RIGHTS SUCCESSFULLY REPEALED THE STATE'S IRRATIONAL, OUTDATED AND UNCONSTITUTIONAL BAN ON CONCEALED CARRY OF AUTOMATIC KNIVES.KNIFE RIGHTS IS A PLAINTIFF IN A KNIFE RIGHTS FOUNDATION, INC. LAWSUIT SEEKING TO END CALIFORNIA'S UNCONSTITUTIONAL "SWITCHBLADE" BAN.KNIFE RIGHTS SUPPORTED FLORIDA PERMITLESS CARRY BILL (INCLUDING KNIVES) IS SIGNED INTO LAW.KNIFE RIGHTS SUPPORTED BILL REPEALS BAN ON KNIFE CARRY AT POLLS.KNIFE RIGHTS SUPPORTED NEBRASKA PERMITLESS CARRY BILL (INCLUDING KNIVES) IS SIGNED INTO LAW.KNIFE RIGHTS WAS A PLAINTIFF IN A KNIFE RIGHTS FOUNDATION, INC. LAWSUIT THAT SUCCEEDED IN ENDING PHILADELPHIA'S UNCONSTITUTIONAL BAN ON ANY KNIFE CARRY IN PUBLIC.KNIFE RIGHTS WAS A PLAINTIFF IN A KNIFE RIGHTS FOUNDATION, INC. LAWSUIT CHALLENGING CERTAIN PORTIONS OF THE FEDERAL SWITCHBLADE ACT AS UNCONSTITUTIONAL.

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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 $279,775

Program Service Revenue $17,170

Investment Income $0

Other Revenue $0

TOTAL REVENUE $296,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,605

Fundraising Expenses $0

Program Expenses $304,973

Other Expenses $255,144

TOTAL EXPENSES $330,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,945	$356,164	-0.2%
Expenses	$330,749	$298,578	+0.1%
Net Income	$-33,804	$57,586	-1.6%

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

$15,050

Total Directors