Woodstock Clothes Closet 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

1960

Legal Domicile

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 2023. Expenses of $81K left a modest 15% surplus.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $80,606

During FY 20232024, Woodstock Clothes Closet maintained stable revenues and expenses. Operations continued with thrift store sales as the primary funding source, along with community support. The...

During FY 20232024, Woodstock Clothes Closet maintained stable revenues and expenses. Operations continued with thrift store sales as the primary funding source, along with community support. The organization operated with a healthy surplus while fulfilling its mission to provide clothing and aid to families in need.

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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 (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

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

N/A

Employees

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	Role	Reportable Comp	Other Comp	Total
Laura Fogle	President	Officer	$0	$0	$0
Susan Brill	Vice President	Officer	$0	$0	$0
Melissa Andrews	Secretary	Officer	$0	$0	$0
Katrena Swartz	Treasurer	Officer	$0	$0	$0
Debbie Fadely	Director	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