Bootstraps Inc (EIN 840800861) - 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

1945

Legal Domicile

Principal Officer

Kaitlynn Hemm

Phone

3036703632

Tax Period

2023-01-01 to 2023-12-31

Bootstraps Inc, founded in 1945, is a small nonprofit that reported $376K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Net assets of $1.7M represent 54 months of operating reserves.

Mission

Provide scholarships and student loans

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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 $340,234

Program Service Revenue $0

Investment Income $41,303

Other Revenue $-5,515

TOTAL REVENUE $376,022

Expense Breakdown

Grants Paid $226,179

Salaries & Benefits $77,077

Fundraising Expenses $24,929

Program Expenses $313,986

Other Expenses $72,994

TOTAL EXPENSES $376,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,022	$440,805	-0.1%
Expenses	$376,250	$323,060	+0.2%
Net Income	$-228	$117,745	-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

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

$56,846

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Samson Eberhart	Treasurer	4.00	Officer Director	$0	$0	$0
Susan Henry	Executive Director	32.00	Key Emp	$56,846	$0	$56,846
Jean Kelly	Director	2.00	Director	$0	$0	$0
Jennifer Gann	Director	2.00	Director	$0	$0	$0
Angie Brekke	Secretary	2.00	Officer Director	$0	$0	$0
Aaron Sumner	Director	2.00	Director	$0	$0	$0
Kelsey Smith	President	4.00	Officer Director	$0	$0	$0
Steve Sumner	Director	2.00	Director	$0	$0	$0
Christina Ambrose	Director	4.00	Director	$0	$0	$0
Julie Branstrom	Director	2.00	Director	$0	$0	$0
Travis Clark	Director	2.00	Director	$0	$0	$0
Kaitlynn Hemm	Director	2.00	Director	$0	$0	$0
John Kelly	Vice President	4.00	Officer Director	$0	$0	$0
Lauren Weiss	Director	2.00	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	$376,022	$376,250	$1,888,914	$-228
2022	$440,805	$323,060	$1,848,461	$117,745
2021	$1,149,186	$320,503	$1,714,209	$828,683
2020	$252,276	$263,373	$906,887	$-11,097
2019	$290,050	$281,207	$896,301	$8,843
2018	$247,810	$241,402	$879,455	$6,408

Bootstraps Inc