PLYMOUTH AREA COMMUNITY CLOSET (EIN 020468953) - 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

1951

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

PLYMOUTH AREA COMMUNITY CLOSET, founded in 1951, is a small nonprofit in the Human Services sector that reported $194K in total revenue in fiscal year 2023. Expenses of $172K left a modest 11% surplus.

Mission

PROVIDE FUEL ASSISTANCE AND FOOD PANTRY TO THOSE IN NEED IN THE GREATER PLYMOUTH AREA.

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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 $194,156

Program Service Revenue $0

Investment Income $14

Other Revenue $0

TOTAL REVENUE $194,170

Expense Breakdown

Grants Paid $105,080

Salaries & Benefits $37,162

Fundraising Expenses $0

Program Expenses $144,189

Other Expenses $29,793

TOTAL EXPENSES $172,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,170	N/A	N/A
Expenses	$172,035	N/A	N/A
Net Income	$22,135	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA THIELBAR	DIRECTOR	0.75	Director	$0	$0	$0
KAREN KRUMENAKER	DIRECTOR	0.75	Director	$0	$0	$0
KATIE WOOD HEDBERG	DIRECTOR	0.75	Director	$0	$0	$0
STEVEN SMALL	DIRECTOR	0.75	Director	$0	$0	$0
KRISTINE PERRY	RECORDING SECRETARY	3.75	Director	$0	$0	$0
BOB GANNETT	DIRECTOR	2.50	Director	$0	$0	$0
MARTHA RICHARDS	PRESIDENT	5.00	Officer	$0	$0	$0
BARBARA LAFLAMME	TREASURER	5.00	Officer	$0	$0	$0
PAUL TURLEY	VICE PRESIDENT	2.50	Officer	$0	$0	$0
JOANNE CORDERO	CO-TREASURER	2.50	Officer	$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	$194,170	$172,035	$155,573	$22,135
2023	$252,640	$200,530	$133,438	$52,110
2022	$219,166	$213,439	$109,999	$5,727

PLYMOUTH AREA COMMUNITY CLOSET