CLOTHED BY FAITH INC (EIN 464186754) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Principal Officer

MELINDA STEPHENSON

Phone

2816768837

Tax Period

2024-01-01 to 2024-12-31

CLOTHED BY FAITH INC, founded in 2013, is a small nonprofit in the Human Services sector that reported $563K in total revenue in fiscal year 2024.

Mission

CLOTHED BY FAITH DEMONSTRATES GOD'S LOVE BY PROVIDING GENTLY USED CLOTHING TO THOSE IN NEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $459,445

Program Service Revenue $0

Investment Income $0

Other Revenue $103,998

TOTAL REVENUE $563,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $411,832

Fundraising Expenses $71,809

Program Expenses $472,986

Other Expenses $160,851

TOTAL EXPENSES $572,683

Year-over-Year Comparison

	2024	2023	Change
Revenue	$563,443	$590,446	0.0%
Expenses	$572,683	$644,549	-0.1%
Net Income	$-9,240	$-54,103	-0.8%

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

1256

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

$80,000

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN HEWSON	CHAIR	2.00	Officer Director	$0	$0	$0
ABIGAIL FOURIE	PRESIDENT/FO	2.00	Officer Director	$0	$0	$0
SUSANNE HEWSON	SECRETARY	2.00	Officer Director	$0	$0	$0
DARBY MCDANIEL	DIRECTOR	2.00	Director	$0	$0	$0
AUDREY HOSIE	DIRECTOR	2.00	Director	$0	$0	$0
JAY RANDLE	DIRECTOR	2.00	Director	$0	$0	$0
LAURA TRUITT	DIRECTOR	2.00	Director	$0	$0	$0
MELINDA STEPHENSON	EXECUTIVE DI	40.00	Officer Director	$80,000	$0	$80,000

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	$563,443	$572,683	$247,939	$-9,240
2023	$590,446	$644,549	$266,418	$-54,103
2022	$583,928	$441,745	$316,170	$142,183
2021	$356,951	$306,080	$173,371	$50,871
2020	$256,106	$279,967	$153,394	$-23,861
2019	$352,581	$433,511	$151,445	$-80,930
2018	$301,366	$253,941	$226,780	$47,425

CLOTHED BY FAITH INC