Shoes For Children (EIN 943458065) - 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

Hayward Rigano President

Tax Period

2023-01-01 to 2023-12-31

Shoes For Children, founded in 2020, is a micro nonprofit in the Human Services sector that reported $6K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 945% operating deficit.

Mission

To assist in financing various foreign mission efforts

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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 $5,785

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,785

Expense Breakdown

Grants Paid $44,710

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,710

Other Expenses $15,765

TOTAL EXPENSES $60,475

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,785	$3,747,373	-1.0%
Expenses	$60,475	$1,031,744	-0.9%
Net Income	$-54,690	$2,715,629	-1.0%

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

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
Margaret Dunkirk	Secretary	0.00	Officer Director	$0	$0	$0
Myan Sorenson	Treassurer	0.00	Officer Director	$0	$0	$0
Hayward Rigano	President	5.00	Officer Director	$0	$0	$0
Emils Rigano	Vice President	0.00	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	No data	No data	No data	No data
2023	$5,785	$60,475	$3,762,272	$-54,690
2022	$3,747,373	$1,031,744	$3,816,962	$2,715,629

Shoes For Children