IOWA MENNONITE CROWDED CLOSET

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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

1983

Legal Domicile

Principal Officer

JONATHAN W BEACHY

Phone

3193375924

Tax Period

2023-01-01 to 2023-12-31

IOWA MENNONITE CROWDED CLOSET, founded in 1983, is a community nonprofit in the International Affairs sector that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $562K, a strong 28% operating margin.

Mission

SUPPORT OF THIRD-WORLD MISSIONARY WORK.

Program Service Accomplishments

Program 1

Expenses: $1,062,923

THIS ORGANIZATION RECEIVES DONATED CLOTHING AND OTHER HOUSEHOLD ITEMS. THE ITEMS ARE SORTED, CLEANED, MENDED AND DISPLAYED FOR SALE TO THE GENERAL PUBLIC. THE ITEMS WHICH CANNOT BE SOLD ARE RECYCLED. THE VAST MAJORITY OF NET PROCEEDS FROM THE SALES ARE SENT TO MENNONITE CENTRAL COMMITTEE TO BE USED FOR THIRD-WORLD MISSIONARY WORK, WITH THE REMAINDER DISTRIBUTED TO OTHER AREA CHARITABLE ORGANIZATIONS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,000,432

Program Service Revenue $0

Investment Income $186

Other Revenue $17,117

TOTAL REVENUE $2,017,735

Expense Breakdown

Grants Paid $120,000

Salaries & Benefits $763,838

Fundraising Expenses $3,597

Program Expenses $1,062,923

Other Expenses $571,845

TOTAL EXPENSES $1,455,683

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,017,735	$1,718,625	+0.2%
Expenses	$1,455,683	$1,332,359	+0.1%
Net Income	$562,052	$386,266	+0.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

350

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAREY MILLER	EXECUTIVE DI	40.00	Highest	$103,515	$0	$103,515
JONATHAN W BEACHY	TREASURER	2.00	Officer Director	$0	$0	$0
BILL BENSON	CO CHAIR	2.00	Officer Director	$0	$0	$0
MARA WEAVER BOSHART	DIRECTOR	1.00	Director	$0	$0	$0
DIANE FUNK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HEUSINKVELD	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE KAUFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
AMY LANDES	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY OURS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ROPP	DIRECTOR	1.00	Director	$0	$0	$0
RON SCHIEFFER	CO CHAIR	2.00	Officer Director	$0	$0	$0
DEAN SHETLER	DIRECTOR	1.00	Director	$0	$0	$0
LUCILLE SHETLER	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA UKAH	DIRECTOR	1.00	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	$2,017,735	$1,455,683	$4,095,318	$562,052
2022	$1,718,625	$1,332,359	$4,108,471	$386,266
2021	$1,473,192	$1,169,177	$4,233,141	$304,015
2020	$964,494	$963,008	$4,427,006	$1,486
2019	$1,443,160	$1,127,377	$4,485,927	$315,783
2018	$930,551	$837,340	$4,474,303	$93,211