COMMON GARMENTS MINISTRY INC

EIN: 611344971 501(c)(3) Human Services

NEBO, KY

Total Revenue
$450,451
Total Expenses
$496,681
Total Assets
$311,307
Net Assets
$311,277
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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
1999
Legal Domicile
KY
Principal Officer
RICHARD A REYNOLDS
Phone
2708361800
Tax Period
2024-01-01 to 2024-12-31

COMMON GARMENTS MINISTRY INC, founded in 1999, is a small nonprofit in the Human Services sector that reported $450K in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum. Expenses of $497K exceeded revenue, resulting in a 10% operating deficit.

Mission

WE HAVE BEEN CHOSEN AS SERVANTS OF THE LORD TO SHARE THE GOOD NEWS OF JESUS CHRIST TO THE WORLD AND TO HELP MEET THE MATERIAL NEEDS OF OUR COMMUNITY, NATION, AND WORLD SO THAT THEY MIGHT COME TO KNOW JESUS CHRIST AND HE BE GLORIFIED. OUR GOALS ARE: 1. TO BUILD A RELATIONSHIP, IN LINE WITH GOD'S WILL, WITH OUR CUSTOMERS SO THAT THEY WILL TRUST AND CONFIDE IN US. 2. TO HELP WITH MATERIAL NEEDS SUCH AS CLOTHING, FURNITURE, APPLIANCES AND HOUSEHOLD ITEMS, THEREFORE OPENING DOORS SO THAT THE GOSPEL CAN BE SHARED AND ACCEPTED. 3. TO SERVICE OUR COMMUNITY, SURROUNDING AREAS AND THE WORLD WITH THE SERVICES AND CALLING THAT GOD HAS LAID UPON OUR HEARTS.

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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 $440,744
Program Service Revenue $0
Investment Income $-718
Other Revenue $10,425
TOTAL REVENUE $450,451

Expense Breakdown

Grants Paid $425,298
Salaries & Benefits $6,657
Fundraising Expenses $0
Program Expenses $488,749
Other Expenses $64,726
TOTAL EXPENSES $496,681

Year-over-Year Comparison

2024 2023 Change
Revenue $450,451 $193,142 +1.3%
Expenses $496,681 $181,201 +1.7%
Net Income $-46,230 $11,941 -4.9%
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

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Governance

Voting Members
8
Independent Members
8
Employees
1
Volunteers
15

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
3
$6,000
Total Directors
6
$6,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD A REYNOLDS PRESIDENT 40.00
Officer Director
$6,000 $0 $6,000
HOWARD CROWE BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHON PARISH BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN TINGLEY BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL WATKINS BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER WILHITE BOARD MEMBER 1.00
Director
$0 $0 $0
CASEY REYNOLDS SECRETARY 10.00
Officer
$0 $0 $0
BECKY WILSON TREASURER 10.00
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
2025 No data No data No data No data
2024 $450,451 $496,681 $311,307 $-46,230
2023 $193,142 $181,201 $483,229 $11,941
2022 $267,775 $266,316 $473,282 $1,459
2021 $199,451 $209,044 $479,242 $-9,593
2020 $130,258 $128,118 $496,700 $2,140
2019 $211,498 $214,219 $501,766 $-2,721
2018 $199,683 $206,972 $514,048 $-7,289
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