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 mission is to help individuals and families through tough times by providing temporary food assistance, recommending resources and helping neighbors help neighbors.

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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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Financial Distress Indicator

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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