CLOTHED BY FAITH INC

EIN: 464186754 501(c)(3) Human Services

KATY, TX

Total Revenue
$563,443
Total Expenses
$572,683
Total Assets
$247,939
Net Assets
$247,939
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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
TX
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. (SEE EXPANDED DESCRIPTION ATTACHED)

Program Service Accomplishments

Program 1
Expenses: $472,986

PROVIDE CLOTHING AND ASSISTANCE TO INDIVIDUALS AND OTHER CHARITABLE ORGANIZATIONS WHO SERVE THOSE IN NEED. (SEE EXPANDED DESCRIPTION ATTACHED)

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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 $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

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Governance

Voting Members
8
Independent Members
7
Employees
14
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
4
$80,000
Total Directors
8
$80,000
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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