Living Supplies Closet Inc (EIN 272808375) - 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

2010

Legal Domicile

Phone

4015962538

Tax Period

2020-01-01 to 2020-12-31

Living Supplies Closet Inc, founded in 2010, is a micro nonprofit in the Human Services sector that reported $10K in total revenue in fiscal year 2020. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $24K exceeded revenue, resulting in a 127% operating deficit.

Mission

The mission of Living Supplies Closet, Inc. is to help improve the quality of life for those less fortunate by providing items that cannot be purchased with food stamps such as toiletries, cleaning supplies and paper products.

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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 (2020)

Revenue Breakdown

Contributions & Grants $10,378

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,564

Other Expenses $23,564

TOTAL EXPENSES $23,564

Year-over-Year Comparison

	2020	2019	Change
Revenue	$10,378	$15,824	-0.3%
Expenses	$23,564	$15,820	+0.5%
Net Income	$-13,186	$4	-3297.5%

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
Fred A Allardyce	President	3.00	Officer Director	$0	$0	$0
Dennis L Algiere	Vice President	2.00	Officer Director	$0	$0	$0
David Nolf	Secretary	2.00	Officer Director	$0	$0	$0
Katherine W Hoxsie	Treasurer	2.00	Officer Director	$0	$0	$0
William McKendree	Director	1.00	Director	$0	$0	$0
Seth Tulman	Director	1.00	Director	$0	$0	$0
Rev Sunil Chandy	Director	1.00	Director	$0	$0	$0
Susan Dowd	Director	1.00	Director	$0	$0	$0
Marion Leddy	Director	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
2020	$10,378	$23,564	$62,243	$-13,186
2019	$15,824	$15,820	$75,429	$4
2018	$34,846	$17,650	$75,425	$17,196

Living Supplies Closet Inc