Clipped In For Life

EIN: 851335930 501(c)(3) Recreation & Sports

Folsom, CA

Total Revenue
$438,246
Total Expenses
$490,437
Total Assets
$91,725
Net Assets
$-5,341
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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
CA
Principal Officer
Jennifer Claassen
Tax Period
2024-01-01 to 2024-12-31

Clipped In For Life, founded in 2020, is a small nonprofit in the Recreation & Sports sector that reported $438K in total revenue in fiscal year 2024. Expenses of $490K exceeded revenue, resulting in a 12% operating deficit.

Mission

Clipped in for lifes mission is to create opportunities for people of all ages and abilities to find achievement, adventure, and connection through cycling -improving lives and bridging communities

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $39,776
Program Service Revenue $396,017
Investment Income $3
Other Revenue $2,450
TOTAL REVENUE $438,246

Expense Breakdown

Grants Paid $0
Salaries & Benefits $254,792
Fundraising Expenses $0
Program Expenses $354,797
Other Expenses $235,645
TOTAL EXPENSES $490,437

Year-over-Year Comparison

2024 2023 Change
Revenue $438,246 $427,153 +0.0%
Expenses $490,437 $382,975 +0.3%
Net Income $-52,191 $44,178 -2.2%
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

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Governance

Voting Members
6
Independent Members
4
Employees
7
Volunteers
335

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
6
$149,174
Total Directors
6
$149,174
Key Employees
2
$149,174
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Clint Claassen Vice President 040.00
Officer Director Key Emp
$79,591 $0 $79,591
Jennifer Classen Secretary 040.00
Officer Director Key Emp
$69,583 $0 $69,583
Rich Curtis President 005.00
Officer Director
$0 $0 $0
Laura Shope Treasurer 005.00
Officer Director
$0 $0 $0
Tyler Clark Director 005.00
Officer Director
$0 $0 $0
William Rowland Director 005.00
Officer 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 $438,246 $490,437 $91,725 $-52,191
2023 $427,153 $382,975 $118,769 $44,178
2022 $314,119 $333,792 $75,995 $-19,673
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