TABITHA'S WAY

EIN: 273402820 501(c)(3) Human Services

SPANISH FORK, UT

Total Revenue
$15,204,089
Total Expenses
$12,704,941
Total Assets
$11,368,184
Net Assets
$8,777,120
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
UT
Principal Officer
WENDY OSBORNE
Phone
8018303951
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $12,100,372

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...

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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.

Program 2
Expenses: $604,569

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...

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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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,134,759
Program Service Revenue $0
Investment Income $53,490
Other Revenue $15,840
TOTAL REVENUE $15,204,089

Expense Breakdown

Grants Paid $10,754,307
Salaries & Benefits $1,190,143
Fundraising Expenses $81,903
Program Expenses $12,704,941
Other Expenses $760,491
TOTAL EXPENSES $12,704,941

Year-over-Year Comparison

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%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
24
Volunteers
7770

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
4
$66,500
Total Directors
4
$66,500
Key Employees
1
$66,500
Highest Compensated
1
reported
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
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 $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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