Storehouse Ministries Outreach Inc DBA Community Value and Thrift Center

EIN: 472703595 501(c)(3) Religion

Forney, TX

Total Revenue
$715,335
Total Expenses
$699,032
Total Assets
$185,483
Net Assets
$177,949
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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
TX
Phone
9725525099
Tax Period
2024-01-01 to 2024-12-31

Storehouse Ministries Outreach Inc DBA Community Value and Thrift Center, founded in 2014, is a small nonprofit in the Religion sector that reported $715K in total revenue in fiscal year 2024.

Mission

To help hurting people, especially children and single mothers, from all walks of life with the message of Jesus Christ. We feed, clothe, and work to instill dignity, belonging, and destiny.

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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 $715,335
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $715,335

Expense Breakdown

Grants Paid $38,122
Salaries & Benefits $433,161
Fundraising Expenses $0
Program Expenses $90,268
Other Expenses $227,749
TOTAL EXPENSES $699,032

Year-over-Year Comparison

2024 2023 Change
Revenue $715,335 $669,559 +0.1%
Expenses $699,032 $739,214 -0.1%
Net Income $16,303 $-69,655 -1.2%
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
7
Independent Members
3
Employees
33
Volunteers
N/A

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
3
$35,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Martina Griffing Secretary 40.00
Officer
$75,000 $0 $75,000
Abigail Valdez Director 40.00
Director
$35,000 $0 $35,000
Pat Griffing President 20.00
Officer
$5,000 $0 $5,000
James Thomas Stoker Director 1.00
Director
$0 $0 $0
Terry Simons Director 1.00
Director
$0 $0 $0
Jason Williams Treasurer 1.00
Officer
$0 $0 $0
Dr Phillip Cook Vice President 1.00
Officer
$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 $715,335 $699,032 $185,483 $16,303
2023 $669,559 $739,214 $169,574 $-69,655
2022 $709,044 $677,041 $238,178 $32,003
2021 $676,338 $534,075 $218,645 $142,263
2020 $377,836 $376,120 $71,476 $1,716
2019 $401,061 $367,400 $70,739 $33,661
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