Fair Trade Store-souderton

Nonprofit profile at a glance

EIN
263791248
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Souderton, PA, USA
Phone
2157231221
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Employment N.E.C.

Official website

Reported finances

Revenue
$114,647
Expenses
$210,034
Assets
$226,768
Liabilities
$225,791

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

8 people listed

Highest reported compensation

  • SARA PEASLEY (STORE MANAGE): $29,400 total reported compensation
  • VICTORIA WHITE (FORMER STORE): $10,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary purpose of the corporation is to carry out charitable and education activities. The specific purpose shall be as follows: 1. To support the worldwide relief and development programs of noprofit alternative trade organizations through the sale of merchandise, substantially all of which has been handcrafted by persons of low income. 2. To operate a store in souderton, pa, area, some of which will be done through efforts of volunteers. 3. To further international understanding by helping north americans better understand the causes of global poverty and injustice. 4. To support the values of simplicity, peace, justice, economic development and intercultural understanding.

What it reported doing in 2023

Support third world/developing countries artisans through purchase and sale of crafts from our corporate office who facilitate imports and marketing for impoverished and disadvantaged people.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 90
  • Accountability: 84
  • Sustainability: 17
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 82.1%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -83.2%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 1.08; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 18.8%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: -1.4% per year; rating input score 0; 27th percentile among comparable filings
  • Revenue growth: -3.2% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: 3% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 82.1% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $172K in reported program spending
  • Leadership: top reported pay $29K · 8 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.