MOMS CLOSET RESOURCE CENTER INC

EIN: 320049180 501(c)(3) Human Services

Louisville, KY

Total Revenue
$805,259
Total Expenses
$804,405
Total Assets
$167,285
Net Assets
$154,351
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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
2003
Legal Domicile
KY
Principal Officer
Laura Wingfield
Phone
5022459899
Tax Period
2025-01-01 to 2025-12-31

MOMS CLOSET RESOURCE CENTER INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $805K in total revenue in fiscal year 2025.

Mission

Our purpose is breaking the poverty cycle in single parent households through higher education, while receiving support, encouragement, and guidance to enhance their opportunities toward independence.

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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 (2025)

Revenue Breakdown

Contributions & Grants $805,259
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $805,259

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,348
Fundraising Expenses $109,308
Program Expenses $635,815
Other Expenses $641,057
TOTAL EXPENSES $804,405

Year-over-Year Comparison

2025 2024 Change
Revenue $805,259 $845,614 0.0%
Expenses $804,405 $856,775 -0.1%
Net Income $854 $-11,161 -1.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
5
Volunteers
65

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
5
$0
Total Directors
10
$0
Key Employees
1
$66,827
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Wingfield Executive Director 40
Key Emp
$66,827 $0 $66,827
Mary Kennedy Board Chair 2
Officer Director
$0 $0 $0
Michael Hellard Vice President 2
Officer Director
$0 $0 $0
Rosemarie Arsenault Secretary 2
Officer Director
$0 $0 $0
Angela Ohlmann Treasurer 2
Officer Director
$0 $0 $0
Christy Greenway At Large 8
Officer Director
$0 $0 $0
Krista Yockey Board Member 2
Director
$0 $0 $0
Tom Keefe Board Member 2
Director
$0 $0 $0
Belle Taylor Board Member 2
Director
$0 $0 $0
Marcy Young Board Member 2
Director
$0 $0 $0
Nikki Cleveland Board Member 2
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
2025 $805,259 $804,405 $167,285 $854
2024 $845,614 $856,775 $190,894 $-11,161
2023 $680,073 $648,251 $183,784 $31,822
2022 $530,582 $499,456 $146,346 $31,126
2021 $344,273 $316,063 $105,088 $28,210
2020 $300,150 $277,789 $98,878 $22,361
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