COMMUNITY CLOSET INC (EIN 203477522) - 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

2005

Legal Domicile

Principal Officer

RUTH CARON COOPER

Phone

4062224134

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY CLOSET INC, founded in 2005, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $346K, a strong 28% operating margin.

Mission

THE ORGANIZATION RAISES MONEY THROUGH SALES AT A THRIFT SHOP. FUNDS ARE DISTRIBUTED EACH YEAR TO INDIVIDUALS AND ORGANIZATIONS IN THE COMMUNITY. THE COMMUNITY CLOSET SERVES THE ECONOMICALLY DISADVANTAGED RURAL AREA OF PARK COUNTY, MONTANA. GOALS OF THE ORGANIZATION INCLUDE MAKING CLOTHING AND HOUSEHOLD GOODS AVAILABLE TO INDIVIDUALS AT A GREATLY REDUCED PRICE AND KEEPING TONS OF REUSEABLE GOODS OUT OF THE LANDFILL. THE ORGANIZATION ALSO ATTEMPTS TO RECYCLE OR REPURPOSE ITEMS THAT ARE UNSALEABLE.

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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 $157,174

Program Service Revenue $0

Investment Income $8,749

Other Revenue $1,077,250

TOTAL REVENUE $1,243,173

Expense Breakdown

Grants Paid $128,320

Salaries & Benefits $555,194

Fundraising Expenses $0

Program Expenses $829,361

Other Expenses $213,497

TOTAL EXPENSES $897,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,243,173	$905,295	+0.4%
Expenses	$897,011	$760,680	+0.2%
Net Income	$346,162	$144,615	+1.4%

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

$79,273

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH CARON COOPER	CEO	40.00	Officer	$79,273	$0	$79,273
GAYLE KAMPS	BOARD MEMBER	2.00	Director	$0	$0	$0
JANENE MOLEBASH	BOARD CHAIRM	2.00	Director	$0	$0	$0
MARY MURPHY	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN TENPAS	BOARD MEMBER	2.00	Director	$0	$0	$0
SUE WILLIAMS	BOARD MEMBER	2.00	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	$1,243,173	$897,011	$987,636	$346,162
2022	$905,295	$760,680	$640,858	$144,615
2021	$864,956	$620,174	$495,978	$244,782
2020	$579,064	$559,648	$340,825	$19,416

COMMUNITY CLOSET INC