MERCYS CLOSET INC

EIN: 832598465 501(c)(3) Human Services

MINDEN, LA

Total Revenue
$728,886
Total Expenses
$654,527
Total Assets
$401,175
Net Assets
$393,630
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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
2018
Legal Domicile
LA
Tax Period
2023-01-01 to 2023-12-31

MERCYS CLOSET INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $729K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $655K left a modest 10% surplus.

Mission

WORK TO ENHANCE THE QUALITY OF LIFE BY ELIMINATING BARRIERS TO OPPORTUNITY FOR THE LOCAL COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $416,932
Program Service Revenue $311,954
Investment Income $0
Other Revenue $0
TOTAL REVENUE $728,886

Expense Breakdown

Grants Paid $0
Salaries & Benefits $213,131
Fundraising Expenses $0
Program Expenses $651,257
Other Expenses $441,396
TOTAL EXPENSES $654,527

Year-over-Year Comparison

2023 2022 Change
Revenue $728,886 $545,121 +0.3%
Expenses $654,527 $488,874 +0.3%
Net Income $74,359 $56,247 +0.3%
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
5
Independent Members
5
Employees
13
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HERB JOHNSTON DIRECTOR 0.00
Director
$0 $0 $0
KEYNA MILLER DIRECTOR 0.00
Director
$0 $0 $0
SHAWN HATCHER DIRECTOR 0.00
Director
$0 $0 $0
RICKY SANDERS DIRECTOR 0.00
Director
$0 $0 $0
TINA GANN DIRECTOR 0.00
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 No data No data No data No data
2023 $728,886 $654,527 $401,175 $74,359
2022 $545,121 $488,874 $322,328 $56,247
2021 $325,351 $198,558 $264,769 $126,793
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