STOREHOUSE OF COMMUNITY RESOURCES

EIN: 814354698 501(c)(3) Human Services

Grand Rapids, MI

Total Revenue
$21,040,165
Total Expenses
$20,972,676
Total Assets
$6,784,598
Net Assets
$6,651,001
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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
2016
Legal Domicile
MI
Principal Officer
Nora Ruder
Phone
6168551700
Tax Period
2024-01-01 to 2024-12-31

STOREHOUSE OF COMMUNITY RESOURCES, founded in 2016, is a mid-sized nonprofit in the Human Services sector that reported $21.0M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum.

Mission

Reduce poverty for at risk families by redistributing donated household and office goods to non-profit organizations and schools located in low income areas with the same focus.

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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 $20,589,447
Program Service Revenue $440,142
Investment Income $10,576
Other Revenue $0
TOTAL REVENUE $21,040,165

Expense Breakdown

Grants Paid $0
Salaries & Benefits $377,147
Fundraising Expenses $0
Program Expenses $20,905,703
Other Expenses $20,595,529
TOTAL EXPENSES $20,972,676

Year-over-Year Comparison

2024 2023 Change
Revenue $21,040,165 $12,958,682 +0.6%
Expenses $20,972,676 $12,956,296 +0.6%
Net Income $67,489 $2,386 +27.3%
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
11
Independent Members
11
Employees
11
Volunteers
30

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
$0
Total Directors
8
$0
Key Employees
1
$93,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jessica Johns Executive Director 45
Key Emp Highest
$93,500 $0 $93,500
Kelly Hollinsworth Director 5
Director
$0 $0 $0
Leonard Iakiri Director 5
Director
$0 $0 $0
Heidi Katula Director 5
Director
$0 $0 $0
Lisa Hunter Director 10
Director
$0 $0 $0
Scot Fay Director 5
Director
$0 $0 $0
Thomas Renner Director 5
Director
$0 $0 $0
Lana Duoibes Director 2
Director
$0 $0 $0
Lindsey Tilley Director 10
Director
$0 $0 $0
Beth Dornan Secretary 12
Officer
$0 $0 $0
Daniel Pellathy President 7
Officer
$0 $0 $0
Nora Ruder Treasurer 15
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 $21,040,165 $20,972,676 $6,784,598 $67,489
2023 $12,958,682 $12,956,296 $6,905,629 $2,386
2023 $12,958,682 $12,956,296 $6,905,629 $2,386
2022 $3,698,481 $3,638,350 $3,861,886 $60,131
2021 $7,829,656 $7,836,132 $5,714,198 $-6,476
2020 $6,162,072 $6,162,072 $2,787,621 No data
2019 $4,870,464 $4,867,898 $1,856,954 $2,566
2019 $4,870,464 $4,181,533 $1,856,954 $688,931
2018 $3,255,185 $2,480,539 $1,164,769 $774,646
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