THE PRINCETON CLOSET NFP

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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

2003

Legal Domicile

Principal Officer

DIANE VANDREW

Phone

8158753145

Tax Period

2024-01-01 to 2024-12-31

THE PRINCETON CLOSET NFP, founded in 2003, is a small nonprofit in the Human Services sector that reported $412K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

To provide quality goods for resale and use those proceeds to fund charitable organizations within Bureau County.

Program Service Accomplishments

Program 1

Expenses: $404,227

To provide quality goods for resale and use those proceeds to fund charitable organizations throughout Bureau County.

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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 $5,615

Program Service Revenue $0

Investment Income $3,404

Other Revenue $402,846

TOTAL REVENUE $411,865

Expense Breakdown

Grants Paid $197,000

Salaries & Benefits $112,058

Fundraising Expenses $0

Program Expenses $404,227

Other Expenses $95,169

TOTAL EXPENSES $404,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,865	$451,522	-0.1%
Expenses	$404,227	$433,401	-0.1%
Net Income	$7,638	$18,121	-0.6%

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

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
DIANE VANDREW	President	5.00	Officer Director	$0	$0	$0
TINA KLINGENBERG	Vice President	1.00	Officer Director	$0	$0	$0
MAUREEN DROESSLER	Secretary	1.00	Officer Director	$0	$0	$0
WANDA NELSON	Treasurer	1.00	Officer Director	$0	$0	$0
TAMMY LANGE	Director	1.00	Director	$0	$0	$0
ROB BERRY	Director	1.00	Director	$0	$0	$0
BRENDA SKAGGS	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
2024	$411,865	$404,227	$443,871	$7,638
2023	$451,522	$433,401	$436,870	$18,121
2022	$406,969	$401,275	$419,320	$5,694
2021	$386,883	$343,206	$412,365	$43,677
2020	$254,611	$229,232	$355,475	$25,379
2019	$338,658	$293,818	$329,596	$44,840
2018	$289,751	$270,882	$258,970	$18,869