CLOTHES FOR KIDS

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

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

Since 1984 CFK has provided free clothing to income eligible children in Snohomish County WA so they may arrive at school ready to learn. Over 5,280 wardrobes were given out in FYE ending 6 30 2023 through the dedication of more than 99 volunteers working over 10,669 hours. CFK received no government funding and operates 100% on community support from individuals and community support

Program Service Accomplishments

Program 1

Expenses: $584,576 Revenue: $0

Provide a free school wardrobe to children who qualify through the family income eligibility and need.

Program 2

Expenses: $121,274 Revenue: $0

Expenses related to the program not included in 4a which includes payroll occupancy costs insurance and other related expenses

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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	Role	Reportable Comp	Other Comp	Total
Diane Hein	President	Officer Director	$0	$0	$0
Nikki Dickerson	Treasurer Vice President	Officer Director	$0	$0	$0
Tina Nguyen	Vice President	Officer Director	$0	$0	$0
Dick Harsin	Secretary	Officer Director	$0	$0	$0
Lisa Flynn	Director	Director	$0	$0	$0
Isabel White	Director	Director	$0	$0	$0
Amanda Van Hook	Director	Director	$0	$0	$0
Ron Nugent	Director	Director	$0	$0	$0
Ridhima Tharad	Director	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