SKIPPING STONES

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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

1992

Legal Domicile

Principal Officer

ARUN NARAYAN TOKE

Phone

5413424956

Tax Period

2020-01-01 to 2020-12-31

SKIPPING STONES, founded in 1992, is a small nonprofit in the Unknown sector that reported $254K in total revenue in fiscal year 2020. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

Skipping Stones encourages cooperation, creativity, and a celebration of cultural and linguistic diversity. We explore stewardship of the ecological and social webs that nurture humanity. We offer a forum for communication among children and youth from different cultures and backgrounds. We expand the horizons for young people in a creative way. We published our non-commercial, multicultural literary magazine four times a year (quarterly).

Program Service Accomplishments

Program 1

Expenses: $93,955 Revenue: $73,067

CODE: 511120. Published and distributed our advertisement-free, multicultural and nature education magazine for students, parents, educators and libraries, to promote creative writing, art and...

CODE: 511120. Published and distributed our advertisement-free, multicultural and nature education magazine for students, parents, educators and libraries, to promote creative writing, art and critical thinking and interactions in youth. Average print run: 925. Subscribers include schools, libraries, teachers and families and many on-line users as Skipping Stones content is carried by several full-text websites for educational and library users. The magazine content is also used in both print and online standardized tests, and by some print and online publishers. Expenses shown above are: editor's salary and employee benefits, taxes paid, printing and postage for producing and sending out the magazine issues, office rental, and office expenses, etc. The revenue of $73067 is from subscription and single copy sales, online use, and Skipping Stones content use fees. The donations and grants received from subscribers and foundations helped cover the remaining expenses of our operations.

Program 2

Expenses: $4,295 Revenue: $2,820

CODE: 511120. We held two annual honor award programs to recognize multicultural awareness and nature education in juvenile literature, as well as in teaching resources. The Youth Honor Awards...

CODE: 511120. We held two annual honor award programs to recognize multicultural awareness and nature education in juvenile literature, as well as in teaching resources. The Youth Honor Awards program promotes creativity in children and youth, and serves kids and educators. The Skipping Stones Honor Awards program recognizes books and teaching resources that promote multicultural and international awareness, and/or nature understanding. We also held our annual Haiku and nature art contest for all students and home-schoolers.There were approximately 350 entrants but these programs benefit all educators and readers of Skipping Stones as well as other educators and general public. Expenses consist of time spent by the staff on the task of processing, reading & judging entries, preparing and mailing the issues, certificates, books for the winners, etc. Revenues: Entry fees for the awards program and award seals. The expenses attributed to this program are approximate as we have only one paid staff and therefore, the staff time is divided between various tasks in the office and thus it is hard to be very exact.

Program 3

Expenses: $5,000 Revenue: $0

We sent educational reading material for low-income schools, libraries, families and organizations serving low-income youth. Under this program, we sent free and discounted subscriptions, free back issues of our magazines and donations of books to about 125 schools/libraries, and about 500 students, near and far. The expenses for this program are covered by general donations and small grants that we receive from supporters and foundations.

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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 (2020)

Revenue Breakdown

Contributions & Grants $176,399

Program Service Revenue $75,887

Investment Income $1,477

Other Revenue $0

TOTAL REVENUE $253,763

Expense Breakdown

Grants Paid $158,831

Salaries & Benefits $86,120

Fundraising Expenses $0

Program Expenses $262,081

Other Expenses $22,837

TOTAL EXPENSES $267,788

Year-over-Year Comparison

	2020	2019	Change
Revenue	$253,763	$197,667	+0.3%
Expenses	$267,788	$214,268	+0.2%
Net Income	$-14,025	$-16,601	-0.2%

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

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

$99,950

Total Directors