COMMUNITY CLOSET INC

EIN: 203477522 501(c)(3) Employment

LIVINGSTON, MT

Total Revenue
$1,243,173
Total Expenses
$897,011
Total Assets
$987,636
Net Assets
$985,633
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MT
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

OPERATE A THRIFT STORE TO RAISE FUNDS FOR LOCAL CHARITIES

Program Service Accomplishments

Program 1
Expenses: $829,361

RAISE FUNDS THROUGH OPERATING A THRIFT STORE TO DONATE TO LOCAL CHARITIES IN PARK COUNTY MONTANA. SINCE INCEPTION, THE ORGANIZATION HAS DONATED OVER 868,000 TO VARIOUS NONPROFIT ORGANIZATIONS. A...

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RAISE FUNDS THROUGH OPERATING A THRIFT STORE TO DONATE TO LOCAL CHARITIES IN PARK COUNTY MONTANA. SINCE INCEPTION, THE ORGANIZATION HAS DONATED OVER 868,000 TO VARIOUS NONPROFIT ORGANIZATIONS. A PARTIAL LIST OF THESE NONPROFITS INCLUDE FRIENDS OF THE COMMUNITY, THE SHANE LALANICENTER FOR PERFORMING ARTS, STAFFORD ANIMAL SHELTER, LINKS FOR LEARNING, COMMUNITY SCHOOL COLLABORATIVE, BIG BROTHERS/BIG SISTERS, HUMAN RESOURCES DEVELOPMENT COUNCIL, PARK COUNTY COMMUNITY FOUNDATION,THE LIVINGSTON FOOD PANTRY, ETC. THE FUNDS RAISED BY THE THRIFT SHOP ARE AN IMPORTANT PART OF THE TOTAL FUNDING RECEIVED BY MANY OF THESE NONPROFITS. THE COMMUNITY CLOSET HAS AN ABILITY TO QUICKLY FUND PROGRAMS WITH SPECIFIC NEEDS. TWO OTHER IMPORTANT FUNCTIONS ARE PROVIDING CLOTHING AND HOUSEHOLD GOODS AT REDUCED RATES TO LOCAL HOUSEHOLDS, AS WELL AS KEEPING HUNDREDS OF TONS OF TRASH FROM LANDFILLS THROUGH RE-USE AND RECYCLING. THE ORGANIZATION OPERATES TWO LOCATIONS IN DOWNTOWN LIVINGSTON. IN ADDITION TO THE MAIN THRIFT CENTER A SECOND LOCATION CURATES HIGHER-END GOODS IN A MORE TYPICAL RETAIL STORE ATMOSPHERE. THE ORGANIZATION WAS ABLE TO GIVE OUT 128,000 IN GRANTS TO COMMUNITY NONPROFITS IN 2023.

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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%)

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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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Governance

Voting Members
5
Independent Members
5
Employees
31
Volunteers
38

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
1
$79,273
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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