GARRETT COOPERATIVE MINISTRY INC

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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

1997

Legal Domicile

Principal Officer

MONTY PAGENHARDT

Phone

3013344007

Tax Period

2024-01-01 to 2024-12-31

GARRETT COOPERATIVE MINISTRY INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $496K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $457K left a modest 8% surplus.

Mission

IMPROVE THE QUALITY OF LIFE FOR THOSE OF LIMITED MEANS AND FOR THOSE IN CRISIS SITUATIONS WHO LIVE IN THE GARRETT COUNTY COMMUNITY. WE DO THIS BY ACCEPTING DONATIONS OF CLOTHING, HOUSEHOLD ITEMS, BOOKS, TOYS, FURNITURES AND APPLIANCES. WE OFFER THOSE ITEMS FOR SALE AT NOMINAL PRICES AND GIVE THEM FREE TO THOSE WHO ARE REFERRED TO US BY SOCIAL SERVICE AGENCIES AND CHURCHES AND CAN NOT AFFORDTO BUY THEM ON THEIR OWN. PROFITS ARE GIVEN ON BEHALF OF THOSE IN CRISIS SITUATIONS AND IN CRISIS PREVENTION PRGRAMS.

Program Service Accomplishments

Program 1

Expenses: $434,665

GIVING FURNITURE, APPLIANCES, HOUSEHOLD ITEMS, CLOTHING TO THOSE IN CRITICAL NEED AS REFERRED TO US BY SOCIAL SERVICE AGENCIES AND CHURCHES. WE GIVE, FOR FREE, OVER 3,000 ITEMS EACH YEAR TO BETWEEN...

Program 2

WE ACCEPT DONATIONS OF ITEMS OF FURNITURE, APPLIANCES, HOUSEHOLD ITEMS, BOOKS, TOYS, CLOTHING, ETC., FROM THE PUBLIC. WE SORT, CLEANWHEN REQUIRED, AND PRICE THE ITEMS AND THEN OFFER THEM FOR SALE AT NOMINAL PRICES AT OUR THRIFT STORE, CHRISTIAN CROSSING THRIFT SHOP. OUR CUSTOMERS ARE PRIMARILY, BUT NOT EXCLUSIVELY, THOSE OF LIMITED MEANS. WE HAD OVER 24,000 CUSTOMER SALES TO AND ESTIMATED 2,200 DIFFERENT INDIVIDUALS AND FAMILIES.

Program 3

WE GIVE FINANCIAL ASSISTANCE ON BEHALF OF INDIVIDUALS AND FAMILIES THAT ARE IN CRISIS SITUATIONS (SECURITY DEPOSITS, RENTS, UTILITIES, MEDICAL COSTS, MORTGAGE PAYMENTS, ETC) AND TO PROGRAMS THAT ARE DESIGNED TO KEEP PERSONS AND FAMILIES FROM GETTING INTO CRISISSITUATIONS. SO AS TO ASSURE, AS MUCH AS POSSIBLE, THAT THE ASSISTANCE WE GIVE IS TRULY HELPFUL AND DOES NOT SIMPLY ENABLE INAPPROPRIATE BEHAVIOR TO CONTINUE, WE DO NOT MAKE ANY DECISIONS WITH REGARD TO FINANCIAL ASSISTANCE, BUT RELY ON THE SCREENING AND RECOMMENDATIONS OF SOCIAL SERVICE PROFESSIONALS IN TEH COUNTY HEALTH DEPARTMENT AND THE COUNTY COMMUNITY ACTION AGENCY.

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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 $33,700

Program Service Revenue $0

Investment Income $11,486

Other Revenue $450,354

TOTAL REVENUE $495,540

Expense Breakdown

Grants Paid $336,997

Salaries & Benefits $38,054

Fundraising Expenses $0

Program Expenses $434,665

Other Expenses $81,738

TOTAL EXPENSES $456,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$495,540	$543,225	-0.1%
Expenses	$456,789	$258,195	+0.8%
Net Income	$38,751	$285,030	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONTY PAGENHARDT	PRESIDENT	10.00	Director	$0	$0	$0
NANCY PAGENHARDT	TREASURER	2.00	Director	$0	$0	$0
PAM HAGEMAN	DIRECTOR	4.00	Director	$0	$0	$0
BETTY PRESTON	DIRECTOR	1.00	Director	$0	$0	$0
LARRY TICHNELL	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA GRABENSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MILLER	SECRETARY	1.00	Director	$0	$0	$0
ELLANORAH MAYLE	DIRECTOR	1.00	Director	$0	$0	$0
LIZ LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
MARTY BOSSE	DIRECTOR	1.00	Director	$0	$0	$0
DARLA PANTHER	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR RAY BEAHM	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
2025	No data	No data	No data	No data
2024	$495,540	$456,789	$2,461,951	$38,751
2023	$543,225	$258,195	$2,430,485	$285,030
2022	$416,116	$258,529	$2,145,454	$157,587
2021	$399,146	$214,840	$1,978,332	$184,306
2020	$286,415	$214,230	$1,842,650	$72,185