Woodstock Clothes Closet Inc

EIN: 541181677 501(c)(3) Human Services

Woodstock, VA

Total Revenue
$94,428
Total Expenses
$80,606
Total Assets
$81,981
Net Assets
$81,981
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
VA
Phone
5403336987
Tax Period
2023-12-01 to 2024-11-30

Woodstock Clothes Closet Inc, founded in 1960, is a micro nonprofit in the Human Services sector that reported $94K in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $81K left a modest 15% surplus.

Mission

Provide low cost and free used clothing to needy families within the community.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $93,428
Investment Income $1,000
Other Revenue $0
TOTAL REVENUE $94,428

Expense Breakdown

Grants Paid $400
Salaries & Benefits $51,704
Fundraising Expenses $0
Program Expenses $80,606
Other Expenses $28,502
TOTAL EXPENSES $80,606

Year-over-Year Comparison

2023 2022 Change
Revenue $94,428 $94,546 0.0%
Expenses $80,606 $88,036 -0.1%
Net Income $13,822 $6,510 +1.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
Employees
6
Volunteers
25

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Fogle President 0.00
Officer
$0 $0 $0
Susan Brill Vice President 0.00
Officer
$0 $0 $0
Melissa Andrews Secretary 0.00
Officer
$0 $0 $0
Katrena Swartz Treasurer 0.00
Officer
$0 $0 $0
Debbie Fadely Director 0.00
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 $94,428 $80,606 $81,981 $13,822
2023 $94,428 $80,606 $75,471 $13,822
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