SPANISH FORK, UT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TABITHA'S WAY, founded in 2010, is a mid-sized nonprofit in the Human Services sector that reported $15.2M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 16% operating margin.
Tabithas Way provides a robust solution to individual and families who are facing food insecurity by providing them temporary food assistance and related resources through their local food pantries and community outreach services. Tabithas Way food has three food pantries located in North Utah County, South Utah County and Saratoga Springs.
During 2024, Tabithas Way Pantry Services Program was able to help feed individuals and families that were disadvantaged and/or experiencing hardships/hunger. Individuals and familes served during...
During 2024, Tabithas Way Pantry Services Program was able to help feed individuals and families that were disadvantaged and/or experiencing hardships/hunger. Individuals and familes served during the year includes 58,468 total households,5,433 new households, 204,815 individuals, 81,985 children and 10,268 seniors. A total of 7,770 volunteers donated 30,022 hours of volunteer time.
During 2024, Tabithas Way Grocery Rescue was able to secure essential food items for its Pantry Services Program using grants, collection drops, food drives, and working with local grocery retail...
During 2024, Tabithas Way Grocery Rescue was able to secure essential food items for its Pantry Services Program using grants, collection drops, food drives, and working with local grocery retail stores. Total essential food items collected includes Total grocery pounds collected of 2,100,422, total UTFB pounds collected of 1,321,065, total CAS pounds collected of 4,974 and total purchased grant/gift card pounds of 693,481. Gathered 1,368,037 pounds in Food Drive, and gathered 97,419 pounds in non-food goods Hygiene, Diapers etc.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $15,204,089 | $12,378,505 | +0.2% |
| Expenses | $12,704,941 | $9,292,896 | +0.4% |
| Net Income | $2,499,148 | $3,085,609 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Wendy Osborne | Chairman | 040.00 |
Officer
Director
Key Emp
Highest
|
$66,500 | $0 | $66,500 |
| Michael D Carter | Board member | 030.00 |
Director
|
$0 | $0 | $0 |
| Chuck Irwin | Secretary | 002.00 |
Officer
Director
|
$0 | $0 | $0 |
| Debra Lauret | Board member | 000.50 |
Director
|
$0 | $0 | $0 |
| Al Switzler | Vice Chairman | 019.00 |
Officer
|
$0 | $0 | $0 |
| Sierra Sorenson | Treasurer | 005.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $15,204,089 | $12,704,941 | $11,368,184 | $2,499,148 |
| 2023 | $12,378,505 | $9,292,896 | $6,766,460 | $3,085,609 |
| 2022 | $7,313,307 | $7,201,311 | $2,849,944 | $111,996 |
| 2021 | $6,667,027 | $5,737,071 | $2,745,428 | $929,956 |
| 2020 | $5,592,939 | $5,188,456 | $1,828,193 | $404,483 |
| 2019 | $5,313,352 | $5,308,114 | $1,353,389 | $5,238 |
| 2018 | $9,650,335 | $9,487,365 | $1,353,959 | $162,970 |
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