Community Closet Inc
Nonprofit profile at a glance
- EIN
- 203477522
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Livingston, MT, USA
- Phone
- 4062224134
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Goodwill Industries
Reported finances
- Revenue
- $1,241,915
- Expenses
- $1,024,755
- Assets
- $1,204,757
- Liabilities
- $1,964
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- RUTH CARON COOPER (CEO)
Highest reported compensation
- RUTH CARON COOPER (CEO): $71,742 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Operate a thrift store to raise funds for local charities
What it reported doing in 2024
Raise funds through operating a thrift store to donate to local charities in park county Montana. Since inception, the organization has donated over 1,000,000 to various nonprofit organizations. A partial list of these nonprofits include friends of the community, the shane lalanicenter for performing arts, stafford animal shelter, links for learning, community school collaborative, big brothers/big sisters, human resources development council, park county community foundation, the livingston food pantry, etc. The funds raised by the thrift shop are an important part of the total funding received by many of these nonprofits. The community closet has an ability to quickly fund programs with specific needs. Two other important functions are providing clothing and household goods at reduced rates to local households, as well as keeping hundreds of tons of trash from landfills through re-use and recycling. The organization operates two locations in downtown livingston. In addition to the main thrift center a second location curates higher-end goods in a more typical retail store atmosphere. The organization was able to give out 140,000 in grants to community nonprofits in 2024.
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 86% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 84
- Accountability: 74
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.9%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 84.6%; rating input score 85; 2nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 92.9%; rating input score 93; 40th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 17.5%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 1.18; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 7%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 9.6% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 11.6% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 18.3% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 94.9% of spending went to programs
- Governance: 5 of 5 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $972K in reported program spending
- Leadership: top reported pay $72K · 7 people listed
- Consistency: 28 of 30 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 6 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.