THE CHRISTIAN CLOSET INC (EIN 562235097) - 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

2001

Legal Domicile

Principal Officer

H F FRYE Jr

Phone

9105829545

Tax Period

2025-01-01 to 2025-12-31

THE CHRISTIAN CLOSET INC, founded in 2001, is a small nonprofit in the Human Services sector that reported $269K in total revenue in fiscal year 2025. Expenses of $332K exceeded revenue, resulting in a 23% operating deficit.

Mission

THIS AGENCY OPERATES A STORE SELLING DONATED ITEMS TO THE PUBLIC WITH THEPROCEEDS GOING TO PROVIDE ASSISTANCE TO CANCER VICTIMS, FAMILY MEMBERS WITH RARE MEDICAL CONDITIONS AND DONATIONS FOR WHEEL CHAIR RAMPS, SCHOOLUNIFORMS, TOYS FOR TOTS AND OTHER NEEDS FOR LOCAL FAMILIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $260,427

Program Service Revenue $0

Investment Income $8,185

Other Revenue $0

TOTAL REVENUE $268,612

Expense Breakdown

Grants Paid $36,569

Salaries & Benefits $237,594

Fundraising Expenses $0

Program Expenses $331,578

Other Expenses $57,415

TOTAL EXPENSES $331,578

Year-over-Year Comparison

	2025	2024	Change
Revenue	$268,612	N/A	N/A
Expenses	$331,578	N/A	N/A
Net Income	$-62,966	N/A	N/A

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

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
H F FRYE Jr	CHAIRMAN	5.00	Officer Director	$0	$0	$0
RANDY WRENN	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
HAZEL SEIBLES	SECRETARY	3.00	Officer Director	$0	$0	$0
ROSANN GERALD	DIRECTOR	2.00	Director	$0	$0	$0
VERNA GRANT	DIRECTOR	2.00	Director	$0	$0	$0
BOBBY CAULDER	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN DAVIS	STORE MANAGER	40.00	Highest	$0	$0	$0
TACORA WATKINS	ASSISTANT MANAGER	40.00	Key Emp	$0	$0	$0
KHYDRON CAMPBELL	ASSISTANT MANAGER	40.00	Key Emp	$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	$268,612	$331,578	$652,323	$-62,966
2024	$292,928	$370,378	$714,513	$-77,450
2023	$317,585	$412,756	$794,431	$-95,171
2022	$354,219	$374,218	$888,328	$-19,999
2021	$402,901	$361,341	$907,416	$41,560
2020	$362,611	$358,785	$866,100	$3,826

THE CHRISTIAN CLOSET INC