CARE CLOSET LBC

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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

2021

Legal Domicile

Principal Officer

SYLVESTER GIVENS

Phone

5626187107

Tax Period

2023-01-01 to 2023-12-31

CARE CLOSET LBC, founded in 2021, is a small nonprofit in the Human Services sector that reported $637K in total revenue in fiscal year 2023. Revenue surged 120% from the prior year, signaling strong growth momentum. Expenses of $608K left a modest 5% surplus.

Mission

ENGAGE AND PROVIDE LIFE SKILLS, RESOURCES, REFERRALS TO THE UNHOUSED IN OUR COMMUNITY AND NEIGHBORING CITIES.

Program Service Accomplishments

Program 1

Expenses: $608,047

PROVIDED LIFE SKILLS, RESOURCES, REFERRALS TO THE UNHOUSED WITH THE HELP OF THE UNHOUSED CLEANED MANY MILES OF FREEWAY TRASH HELPED THE UNHOUSED TO BECOME RESPONSIBLE MEMBERS OF OUR SOCIETY

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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 (2023)

Revenue Breakdown

Contributions & Grants $637,195

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $637,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,000

Fundraising Expenses $0

Program Expenses $608,047

Other Expenses $572,047

TOTAL EXPENSES $608,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$637,195	$289,346	+1.2%
Expenses	$608,047	$262,511	+1.3%
Net Income	$29,148	$26,835	+0.1%

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

N/A

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

$36,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE M GIVENS	SECRETARY	5	Officer	$25,500	$0	$25,500
ROBYN GORDON-PETERSON	CFO	3	Officer Director	$0	$0	$0
SYLVESTER DUKE GIVENS	CEO	5	Officer	$10,500	$0	$10,500
SABRINA DAVID	DIRECTOR	3	Director	$0	$0	$0
BLAIR COHN	DIRECTOR	3	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$637,195	$608,047	$123,236	$29,148
2022	$289,346	$262,511	$103,919	$26,835