ITS 4 THE KIDS INC (EIN 843340809) - 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

2020

Legal Domicile

Principal Officer

RICKY PATEL

Phone

3053003000

Tax Period

2023-01-01 to 2023-12-31

ITS 4 THE KIDS INC, founded in 2020, is a small nonprofit in the Youth Development sector that reported $153K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $229K exceeded revenue, resulting in a 49% operating deficit.

Mission

ITS4THEKIDS FOUNDATION FOCUSES ON HELPING CHILDREN THAT ARE FACING UNIQUE CHALLENGES TO THEIR HEALTH AND WELL BEING. RICKY PATEL FOUNDED AND ESTABLISHED ITS4THEKIDS FOUNDATION TO HELP WITH CHILDRENS CAUSES. THREE PRIMARY AREAS OF FOCUS OF THIS ORGANIZATION INCLUDE THE GRACIOUS HANDS ORPHANAGE IN HAITI, NICKLAUS CHILDREN'S HOSPITAL IN MIAMI, FLORIDA AND THE PITCH PERFECT PROGRAM AVAILABLE WORLDWIDE TO PITCH AN IDEA TO HELP CHILDREN IN NEED AND HAVE THEIR PROJECT FUNDED. OUR MISSION IS TO PROVIDE A BETTER QUALITY OF LIFE TO ALL CHILDREN THROUGH HANDS ON ASSISTANCE. THIS IS ACCOMPLISHED THOUGH DEVELOPING AND FUNDING NEW INNOVATIVE PROGRAMS AND CREATING EASIER ACCESS TO RESOURCES TO CREATE A COMMUNITY CULTURE OF GIVING BACK. WE STRONGLY BELIEVE THIS WILL PROVIDE CHILDREN THE OPPORTUNITY TO BECOME HEALTHY AND FULFILLED ADULTS WHO COULD THEN HELP OTHERS IN THE COMMUNITY AND AROUND THE WORLD.

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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 $143,255

Program Service Revenue $0

Investment Income $10,162

Other Revenue $0

TOTAL REVENUE $153,417

Expense Breakdown

Grants Paid $156,562

Salaries & Benefits $0

Fundraising Expenses $18,663

Program Expenses $156,562

Other Expenses $72,209

TOTAL EXPENSES $228,771

Year-over-Year Comparison

	2023	2022	Change
Revenue	$153,417	$564,769	-0.7%
Expenses	$228,771	$394,048	-0.4%
Net Income	$-75,354	$170,721	-1.4%

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

N/A

Employees

N/A

Volunteers

N/A

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
RICKY PATEL	PRESIDENT	N/A	Officer Director	$0	$0	$0
ARTI PATEL	DIRECTOR	N/A	Director	$0	$0	$0
ZAK MANN	DIRECTOR	N/A	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	$153,417	$228,771	$474,796	$-75,354
2022	$564,769	$394,048	$547,978	$170,721
2021	$334,206	$179,971	$383,186	$154,235
2020	$260,010	$53,002	$215,473	$207,008

ITS 4 THE KIDS INC