THE SHEPHERDS COVE CLOTHING PANTRY INC (EIN 465510962) - 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

2014

Legal Domicile

Phone

5742260261

Tax Period

2024-01-01 to 2024-12-31

THE SHEPHERDS COVE CLOTHING PANTRY INC, founded in 2014, is a small nonprofit in the Public & Societal Benefit sector that reported $646K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $743K exceeded revenue, resulting in a 15% operating deficit.

Mission

A FAITH-BASED MINISTRY ASSISTING PEOPLE IN NEED BY SUPPLYING CLOTHING, HOUSEHOLD ITEMS, AND FURNITURE, AS WELL AS PROVIDING INFORMATION FOR THE BETTERMENT OF THE PEOPLE IN THE MICHIANA AREA.

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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 $541,922

Program Service Revenue $0

Investment Income $2

Other Revenue $103,810

TOTAL REVENUE $645,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $586,215

Other Expenses $156,490

TOTAL EXPENSES $742,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$645,734	$573,870	+0.1%
Expenses	$742,705	$489,103	+0.5%
Net Income	$-96,971	$84,767	-2.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
LINDA BOSS	PRESIDENT	12.90	Officer Director	$0	$0	$0
LEIGH HOLLAND	SECRETARY	2.11	Officer Director	$0	$0	$0
MICK HOEFLINGER	BOARD MEMBER	0.50	Director	$0	$0	$0
SUSIE GOOD	BOARD MEMBER	10.38	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	$645,734	$742,705	$549,909	$-96,971
2023	$573,870	$489,103	$646,880	$84,767
2022	$283,597	$531,513	$562,113	$-247,916
2021	$459,416	$402,344	$810,029	$57,072
2020	$375,155	$669,558	$752,957	$-294,403
2019	$1,277,647	$1,302,469	$1,094,360	$-24,822

THE SHEPHERDS COVE CLOTHING PANTRY INC