FRESH START MARKET AND BOUTIQUE INC

EIN: 994311557 501(c)(3) Human Services

SPENCER, IA

Total Revenue
$220,985
Total Expenses
$201,049
Total Assets
$76,218
Net Assets
$21,646
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Principal Officer
KATIE MORRIS
Phone
7125804563
Tax Period
2024-08-01 to 2024-12-31

FRESH START MARKET AND BOUTIQUE INC, founded in 2024, is a small nonprofit in the Human Services sector that reported $221K in total revenue in fiscal year 2024. Expenses of $201K left a modest 9% surplus.

Mission

WE ARE A FAITH-BASED NON-PROFIT LOCATED IN SPENCER, IA. OUR MISSION FOR FRESH START MARKET IS TO TAKE THE STORE'S PROFITS AND POUR THEM BACK INTO OUR LOCAL COMMUNITY VIA PRE-ESTABLISHED FLOOD RELIEF ORGANIZATIONS. ONCE OUR COMMUNITY IS BACK ON ITS FEET, WE WILL THEN PLAN TO DISTRIBUTE A PORTION OF PROFITS TO OTHER COMMUNITIES IN THE MIDWEST AFFECTED BY NATURAL DISASTERS.

Program Service Accomplishments

Program 1
Expenses: $189,877 Revenue: $139,301

OPERATING A DONATION PROCESSING CENTER TO ACCEPT, SORT, AND PREPARE DONATED CLOTHING, FURNITURE, AND OTHER HOUSEHOLD ITEMS TO BE SOLD AT SUBSTANTIAL DISCOUNTS THROUGH THE THRIFT STORE TO FAMILIES IN...

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OPERATING A DONATION PROCESSING CENTER TO ACCEPT, SORT, AND PREPARE DONATED CLOTHING, FURNITURE, AND OTHER HOUSEHOLD ITEMS TO BE SOLD AT SUBSTANTIAL DISCOUNTS THROUGH THE THRIFT STORE TO FAMILIES IN NEED.

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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 $81,684
Program Service Revenue $139,301
Investment Income $0
Other Revenue $0
TOTAL REVENUE $220,985

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,367
Fundraising Expenses $0
Program Expenses $189,877
Other Expenses $133,682
TOTAL EXPENSES $201,049

Year-over-Year Comparison

2024 2023 Change
Revenue $220,985 N/A N/A
Expenses $201,049 N/A N/A
Net Income $19,936 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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
9
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
$11,467
Total Directors
5
$11,467
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATIE MORRIS TREASURER/SE 25.00
Officer Director
$11,467 $0 $11,467
KARMEN BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS GUDE BOARD MEMBER 5.00
Director
$0 $0 $0
ANGELA MCCAULLEY BOARD PRESID 3.00
Officer Director
$0 $0 $0
SETH MCCAULLEY VICE PRESIDE 1.00
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 $220,985 $201,049 $76,218 $19,936
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