SIMPLY THE BASICS

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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

MEGHAN FREEBECK

Phone

4157421286

Tax Period

2023-07-01 to 2024-06-30

SIMPLY THE BASICS, founded in 2016, is a small nonprofit in the Human Services sector that reported $424K in total revenue in fiscal year 2023.

Mission

SIMPLY THE BASICS (THE "CORPORATION") IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION DEDICATED TO PROVIDING HOMELESS INDIVIDUALS AND THOSE LIVING IN POVERTY WITH BASIC NECESSITIES TO HELP THEM DEVELOP THE TOOLS TO MAKE SIGNIFICANT LIFE CHANGES AND LIFT THEMSELVES OUT OF POVERTY. UNDER THE "BASIC NEEDS" APPROACH TO ALLEVIATING POVERTY, THE CORE NEEDS OF ANY PERSON, SUCH AS FOOD, CLOTHING, AND SHELTER, MUST BE SATISFIED IN ORDER FOR AN INDIVIDUAL TO ACHIEVE SELF-ACTUALIZATION, SOBRIETY AND JOB SECURITY. THE CORPORATION SEEKS TO REFINE THIS CONCEPT TO INCORPORATE THE ADDITIONAL NEEDS OF HEALTH, HYGIENE AND EDUCATION. ACCORDINGLY, THE CORPORATION SEEKS TO REMOVE FUNDAMENTAL BARRIERS TO INDEPENDENCE AND SUCCESS BY PROVIDING BASIC NECESSITIES, AND THUS, GIVING PEOPLE THE OPPORTUNITY NOT ONLY TO SURVIVE, BUT ALSO THRIVE IN THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $379,291

HYGIENE BANK PROGRAM: SIMPLY THE BASICS HAS A GOAL TO MAKE HYGIENE MORE EQUITABLE AND ACCESSIBLE FOR EVERYONE. THE PURPOSE OF THE "HYGIENE BANK" IS TO ENSURE INDIVIDUALS, FAMILIES, AND ORGANIZATIONS SERVING INDIVIDUALS AND FAMILIES LIVING WITH LIMITED INCOME OR EXPERIENCING HOMELESSNESS ALWAYS HAVE ACCESS TO THEIR MOST BASIC NEEDS. AS SUCH, SIMPLY THE BASICS PROVIDES ONGOING HYGIENE SUPPLIES THROUGH A MYRIAD OF METHODS INCLUDING DIRECT TO RECIPIENT CARE FOR SUSTAINED HEALTH AND WELLNESS. HYGIENE AND PUBLIC HEALTH ARE INTIMATELY INTERWOVEN, AND POOR HYGIENE IS AN INEVITABLE RESULT OF HOMELESSNESS. ESTABLISHING PROPER HYGIENE IS KEY TO A SENSE OF SELF AND BETTER HEALTH. SIMPLY THE BASICS PROVIDES BASIC HYGIENE TO PROGRAMS AND PEOPLE, THUS BUILDING A HEALTHIER COMMUNITY AND STRONGER HOMELESS PROGRAMS OVERALL.

Program 2

Expenses: $6,349

HYGIENE BANK ASSOCIATION (HBA)PROGRAM: ESTABLISHED IN 2022, THE SIMPLY THE BASICS HYGIENE BANK ASSOCIATION IS THE FIRST EVER ALLIANCE OF NONPROFIT AND COMMUNITY HYGIENE SERVICES TO WORK TOGETHER IN THE GOALS OF IMPROVING AND INCREASING ACCESS TO HYGIENE! THE GOALS OF THE HYGIENE BANK ASSOCIATION ARE TWOFOLD: TO AMPLIFY THE GLOBAL IMPACT OF HYGIENE ACCESSIBILITY THROUGH COLLECTIVE ACTION, ADVOCATING AS A COMMUNITY, SHARING DATA AND RESOURCES, AND LAUNCHING JOINT CAMPAIGNS. TO ELEVATE THE QUALITY OF SERVICES AND OPERATIONS OF ORGANIZATIONS PROVIDING HYGIENE SERVICES THROUGH ESTABLISHED QUALITY CONTROL STANDARDS, VIRTUAL TRAININGS, EDUCATIONAL RESOURCES, AND PEER TO PEER LEARNING.

Program 3

Expenses: $159

HYGIENE LOCATOR PROGRAM: THE SIMPLY THE BASICS HYGIENE LOCATOR IS AN ONLINE PLATFORM THAT HOSTS NETWORK OF HYGIENE SERVICES ACROSS THE GLOBE THAT CONNECTS PEOPLE IN NEED WITH LOCAL HYGIENE SERVICES MAKING FINDING WHAT THEY NEED MOST MORE EQUITABLY AND EFFICIENTLY. A PERSON IN NEED OF HYGIENE, OR LOOKING TO DONATE HYGIENE, IS ABLE TO SEARCH BY LOCATION, SERVICE AREA, NEEDS, LANGUAGE, AND MORE TO FIND THE SERVICE SITE THAT WILL MOST EFFICIENTLY AND EFFECTIVELY MEET THEIR NEEDS.

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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 $423,828

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $423,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,835

Fundraising Expenses $6,084

Program Expenses $385,799

Other Expenses $252,670

TOTAL EXPENSES $460,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$423,828	$443,789	0.0%
Expenses	$460,505	$365,318	+0.3%
Net Income	$-36,677	$78,471	-1.5%

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

3137

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

$101,288

Total Directors