ACME CHRISTIAN THRIFT STORE &FOOD PANTRY

EIN: 300080188 501(c)(3) Religion

TRAVERSE CITY, MI

Total Revenue
$457,086
Total Expenses
$399,692
Total Assets
$707,142
Net Assets
$696,112
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MI
Principal Officer
LAWRENCE E WILLIAMS
Phone
2319228610
Tax Period
2023-01-01 to 2023-12-31

ACME CHRISTIAN THRIFT STORE &FOOD PANTRY, founded in 2002, is a small nonprofit in the Religion sector that reported $457K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $400K left a modest 13% surplus.

Mission

WE OPERATE A THRIFT STORE AND FOOD PANTRY WITH MOSTLY VOLUNTEER WORKERS. WE HELP FEED THE POOR, HUNGRY, & HOMELESS AS POSSIBLE.

Program Service Accomplishments

Program 1
Expenses: $186,290

FOOD PANTRY - THE AVERAGE FAMILY BENEFITING HAS FROM 3 TO 4 INDIVIDUALS & ABOUT 50% ARE SINGLE PARENT FAMILIES. EACH FAMILY RECEIVES ABOUT 100 POUNDS OF FOOD WHICH IS AN ESTIMATED 5 TO 7 DAY, VALUED...

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FOOD PANTRY - THE AVERAGE FAMILY BENEFITING HAS FROM 3 TO 4 INDIVIDUALS & ABOUT 50% ARE SINGLE PARENT FAMILIES. EACH FAMILY RECEIVES ABOUT 100 POUNDS OF FOOD WHICH IS AN ESTIMATED 5 TO 7 DAY, VALUED AT ABOUT $35 PER 20 POUND BAG. IN 2023 WE FED 2,662 FAMILIES, INCLUDING 8,192 INDIVIDUALS, WITH A TOTAL OF 13,310 BAGS OF GROCERIES, WHICH IS ABOUT 266,200 POUNDS OF FOOD, WITH AN ESTIMATED MARKET VALUE OF $465,850. THRIFT STORE & FOOD PANTRY IS OPERATED FROM AN OWNED BUILDING AT 8925 E M-72 WILLIAMSBURG, MI, STORE PHONE 231-938-2990.GUIDELINES FOR ASSISTANCE FROM A.C.T.S. PANTRY: TO QUALIFY FOR FOOD PANTRY ASSISTANCE, THE CLIENT FAMILY MUST MEET FEDERAL POVERTY GUIDELINES AS PUBLISHED ANNUALLY. THE GUIDELINES CAN BE FOUND BY SEARCHING THE INTERNET (CMCS/CAHPG/DEEO). ACTS PANTRY USES 200% OF POVERTY AS A QUALIFIER. ELIGIBILITY IS BASED ON THE FINANCIAL SITUATION OF ALL MEMBERS IN A HOUSEHOLD. EVERYONE WHO LIVES TOGETHER AND PURCHASES AND PREPARES FOOD TOGETHER IS CONSIDERED A MEMBER OF THE SAME HOUSEHOLD. VERIFICATION OF INCOME AND INFORMATION REGARDING HOUSING ARRANGEMENTS AND BRIDGE CARD STATUS IS ALSO CONSIDERED. THOSE THAT QUALIFY CAN RECEIVE FOOD AT NO CHARGE FROM ACTS FOOD PANTRY, TO THE EXTENT THAT WE HAVE ADEQUATE SUPPLY AVAILABLE.

Program 2
Expenses: $208,244

THRIFT STORE PROVIDES AFFORDABLE USED HOUSEHOLD GOODS TO NEEDY FAMILIES, WHICH INCLUDES CLOTHING AND BABY SUPPLIES. INVENTORY IS DONATED GOODS. EXCESS CASH FLOW USED TO SUPPORT THE FOOD PANTRY...

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THRIFT STORE PROVIDES AFFORDABLE USED HOUSEHOLD GOODS TO NEEDY FAMILIES, WHICH INCLUDES CLOTHING AND BABY SUPPLIES. INVENTORY IS DONATED GOODS. EXCESS CASH FLOW USED TO SUPPORT THE FOOD PANTRY. THRIFT STORE & FOOD PANTRY IS STAFFED MOSTLY BY VOLUNTEERS. THRIFT STORE PAYS ALL EXPENSES OF HAVING A STORE FRONT FROM THRIFT STORE REVENUES. THERE IS NO COST OF GOODS SOLD FOR THRIFT STORE AS MERCHANDISE IS ALL DONATED AT NO COST TO OPERATIONS.

Program 3

BUILDING FUND WAS USED TO ACQUIRE FIXED ASSETS, INCLUDING REAL ESTATE, FURNITURE, FIXTURES & EQUIPMENT. WE PURCHASED A 6,960 SQUARE BUILDING AT 8925 E M-72, WILLIAMSBURG, MI, IN MAY 2012, AND THEN...

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BUILDING FUND WAS USED TO ACQUIRE FIXED ASSETS, INCLUDING REAL ESTATE, FURNITURE, FIXTURES & EQUIPMENT. WE PURCHASED A 6,960 SQUARE BUILDING AT 8925 E M-72, WILLIAMSBURG, MI, IN MAY 2012, AND THEN OPENED THE NEW BUILDING UP FOR SERVICE ON OCTOBER 1, 2012. MUCH OF THE LABOR WAS DONATED BY VOLUNTEERS. LATE 2017 WE STARTED CONSTRUCTION OF AN 1,800 SQUARE FOOT ADDITION, WHICH WAS COMPLETED OCTOBER, 2018. THIS BRINGS THE TOTAL SQUARE FOOTAGE OF OUR BUILDING TO 8,760 SQUARE FEET.

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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 $201,983
Program Service Revenue $0
Investment Income $6,411
Other Revenue $248,692
TOTAL REVENUE $457,086

Expense Breakdown

Grants Paid $0
Salaries & Benefits $136,394
Fundraising Expenses $947
Program Expenses $394,534
Other Expenses $263,298
TOTAL EXPENSES $399,692

Year-over-Year Comparison

2023 2022 Change
Revenue $457,086 $348,311 +0.3%
Expenses $399,692 $274,223 +0.5%
Net Income $57,394 $74,088 -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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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
5
Volunteers
120

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
3
$0
Total Directors
9
$47,837
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY CHENOWETH PRESIDENT 3.00
Officer Director
$0 $0 $0
SHERYL BOUCHER BOARD MEMBER 8.00
Director
$0 $0 $0
LAWRENCE H AVERY SECRETARY 2.00
Officer Director
$0 $0 $0
LAWRENCE E WILLIAMS TREASURER 5.00
Officer Director
$0 $0 $0
CAROL J HOCKIN DIRECTOR OF OPERATIONS 45.00
Director
$47,837 $0 $47,837
CAROLYN SYNOL BOARD MEMBER 3.00
Director
$0 $0 $0
MATT KAMINSKI BOARD MEMBER 4.00
Director
$0 $0 $0
MINDY AGUILAR BOARD MEMBER 4.00
Director
$0 $0 $0
JIM PORTER BOARD MEMBER 3.00
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 $457,086 $399,692 $707,142 $57,394
2022 $348,311 $274,223 $651,095 $74,088
2021 $322,142 $191,326 $657,723 $130,816
2020 $295,866 $222,249 $706,920 $73,617
2019 $270,663 $259,463 $677,336 $11,200
2018 $245,585 $217,986 $680,090 $27,599
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