FAITHHOPE & CHARITY RECYCLE STORE INC (EIN 030388043) - 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

2003

Legal Domicile

Principal Officer

CHERYL WORLEY

Phone

7066353035

Tax Period

2024-01-01 to 2024-12-31

FAITHHOPE & CHARITY RECYCLE STORE INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $316K, a strong 28% operating margin.

Mission

PROVIDE ASSISTANCE TO THE NEEDY AND DISASTER VICTIMS

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,110,947

Program Service Revenue $0

Investment Income $14,806

Other Revenue $-4,865

TOTAL REVENUE $1,120,888

Expense Breakdown

Grants Paid $519,337

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $762,608

Other Expenses $285,203

TOTAL EXPENSES $804,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,120,888	$1,045,828	+0.1%
Expenses	$804,540	$871,363	-0.1%
Net Income	$316,348	$174,465	+0.8%

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

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
JOAN COMPTON	SPECIAL ADVISOR	1.00	Director	$0	$0	$0
JOHN MAHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE PURVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN DAY	STORE MANAGER	20.00	Director	$0	$0	$0
REBECCA LIGHTCAP	BOARD MEMBER	1.00	Director	$0	$0	$0
MARLA TIERNY	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM JORDAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DALE BENNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL WORLEY	CHAIRMAN OF BOARD	20.00	Officer Director	$0	$0	$0
STACEY GRAHAM	VICE CHAIRMAN OF BOARD	1.00	Officer Director	$0	$0	$0
JOEL TAYLOR	TREASURER	20.00	Officer Director	$0	$0	$0
KENT SANFORD	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN THOMPSON	SECRETARY/ASST TREASURER	1.00	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	$1,120,888	$804,540	$2,361,185	$316,348
2023	$1,045,828	$871,363	$2,051,113	$174,465
2022	$1,014,119	$766,682	$1,873,433	$247,437
2021	$865,630	$586,287	$1,617,842	$279,343
2020	$572,206	$570,771	$1,563,422	$1,435
2019	$786,815	$762,359	$1,592,560	$24,456
2018	$790,300	$978,450	$1,588,657	$-188,150

FAITHHOPE & CHARITY RECYCLE STORE INC