Illinois Clothing Center Inc

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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

2022

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

Illinois Clothing Center Inc, founded in 2022, is a small nonprofit in the Human Services sector that reported $357K in total revenue in fiscal year 2022. The organization ran a surplus of $352K, a strong 99% operating margin.

Mission

Purchase and provide facility to sort clothing for shipment to needy people in 3rd World countries.

Program Service Accomplishments

Program 1

Expenses: $4,613 Revenue: $356,584

Purchased a building which is being used to provide room for people to sort clothing. The clothing is then loaded into containers at this site, sent via truck to the port and shipped to other...

Purchased a building which is being used to provide room for people to sort clothing. The clothing is then loaded into containers at this site, sent via truck to the port and shipped to other countries to help poor people who are unable to obtain warm clothing.

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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 (2022)

Revenue Breakdown

Contributions & Grants $356,584

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $356,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,613

Other Expenses $4,613

TOTAL EXPENSES $4,613

Year-over-Year Comparison

	2022	2021	Change
Revenue	$356,584	N/A	N/A
Expenses	$4,613	N/A	N/A
Net Income	$351,971	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Ben Kauffman	Treasurer	Officer	$0	$0	$0
Paul Stutzman	Secretary	Officer	$0	$0	$0
Eli Schrock	Chairman	Officer	$0	$0	$0
Willis Miller	Vice Ch	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
2023	$356,584	$4,613	$351,971	$351,971