PROVISIONS THRIFT STORE MINISTRY

EIN: 833700667 501(c)(3)

PARTLOW, VA

Total Revenue
$404,805
Total Expenses
$308,268
Total Assets
$195,461
Net Assets
$184,904
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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
2020
Legal Domicile
VA
Principal Officer
JENNIFER WARE
Phone
5409934150
Tax Period
2024-01-01 to 2024-12-31

PROVISIONS THRIFT STORE MINISTRY, founded in 2020, is a small nonprofit that reported $405K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 24% operating margin.

Mission

COMMUNITY CLOSET TO PROVIDE FOR THOSE IN NEED

Program Service Accomplishments

Program 1
Expenses: $211,658

PROVIDE CLOTHING AND HOUSEHOLD ITEMS TO THE NEEDY

Program 2
Expenses: $26,319

GRANTS TO INDIVIDUALS AND LOCAL CHARITIES TO ASSIST THE NEEDY IN THE FREDERICKSBURG AREA.

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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 $20,750
Program Service Revenue $2,700
Investment Income $0
Other Revenue $381,355
TOTAL REVENUE $404,805

Expense Breakdown

Grants Paid $24,987
Salaries & Benefits $71,585
Fundraising Expenses $50,947
Program Expenses $237,977
Other Expenses $211,696
TOTAL EXPENSES $308,268

Year-over-Year Comparison

2024 2023 Change
Revenue $404,805 $297,161 +0.4%
Expenses $308,268 $289,419 +0.1%
Net Income $96,537 $7,742 +11.5%
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
3
Independent Members
1
Employees
28
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
3
$54,894
Total Directors
3
$54,894
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER WARE PRESIDENT 40.00
Officer Director
$34,100 $0 $34,100
DONNA MARSHALL TREASURER 15.00
Officer Director
$20,794 $0 $20,794
TERESA MILLER SECRETARY N/A
Officer 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 $404,805 $308,268 $195,461 $96,537
2023 $297,161 $289,419 $116,525 $7,742
2022 $286,603 $223,549 $96,404 $63,054
2021 $135,034 $137,191 $34,463 $-2,157
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