CLOTHES FOR KIDS

EIN: 911345075 501(c)(3) Youth Development

LYNNWOOD, WA

Total Revenue
$1,008,084
Total Expenses
$895,943
Total Assets
$705,372
Net Assets
$700,071
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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
1984
Legal Domicile
WA
Phone
4257416500
Tax Period
2023-07-01 to 2024-06-30

CLOTHES FOR KIDS, founded in 1984, is a community nonprofit in the Youth Development sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $896K left a modest 11% surplus.

Mission

Clothes For Kids empowers students by providing a personalized shopping experience for a wardrobe at no cost boosting their confidence and readiness to learn. For FYE June 30 2024 Clothes For Kids provided over 5,365 wardrobes via the dedication of more than 78 volunteers and a total of 9,124 hours.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,002,377
Program Service Revenue $0
Investment Income $5,707
Other Revenue $0
TOTAL REVENUE $1,008,084

Expense Breakdown

Grants Paid $584,576
Salaries & Benefits $153,499
Fundraising Expenses $97,216
Program Expenses $705,850
Other Expenses $157,868
TOTAL EXPENSES $895,943

Year-over-Year Comparison

2023 2022 Change
Revenue $1,008,084 $1,004,389 +0.0%
Expenses $895,943 $962,176 -0.1%
Net Income $112,141 $42,213 +1.7%
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
9
Independent Members
9
Employees
5
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Diane Hein President 0.00
Officer Director
$0 $0 $0
Nikki Dickerson Treasurer Vice President 0.00
Officer Director
$0 $0 $0
Tina Nguyen Vice President 0.00
Officer Director
$0 $0 $0
Dick Harsin Secretary 0.00
Officer Director
$0 $0 $0
Lisa Flynn Director 0.00
Director
$0 $0 $0
Isabel White Director 0.00
Director
$0 $0 $0
Amanda Van Hook Director 0.00
Director
$0 $0 $0
Ron Nugent Director 0.00
Director
$0 $0 $0
Ridhima Tharad Director 0.00
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
2025 No data No data No data No data
2024 $1,008,084 $895,943 $705,372 $112,141
2023 $1,004,389 $962,176 $603,751 $42,213
2023 $1,004,389 $962,176 $603,751 $42,213
2022 $804,359 $560,886 $567,007 $243,473
2021 $434,526 $208,546 $332,872 $225,980
2020 $434,144 $523,913 $115,901 $-89,769
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