HOUSING WORKS THRIFT SHOP INC (EIN 133676157) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

CHARLES KING

Phone

3474737400

Tax Period

2024-07-01 to 2025-06-30

HOUSING WORKS THRIFT SHOP INC, founded in 1991, is a mid-sized nonprofit in the Human Services sector that reported $17.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.4M, a strong 19% operating margin.

Mission

THRIFT SHOPS TO PROVIDE SUPPORT TO HOMELESS PERSONS LIVING WITH AIDS OR HIV-RELATED ILLNESSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $19,047,067

Program Service Revenue $0

Investment Income $0

Other Revenue $-1,366,459

TOTAL REVENUE $17,680,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,858,126

Other Expenses $14,275,990

TOTAL EXPENSES $14,275,990

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,680,608	$14,858,661	+0.2%
Expenses	$14,275,990	$14,197,081	+0.0%
Net Income	$3,404,618	$661,580	+4.1%

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

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

$1,722,744

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA PARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRIE SCARDINA	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE STARR	BOARD MEMBER	1.00	Director	$0	$0	$0
E O'BRIEN KELLEY	OUTGOING BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH PREIS	BOARD MEMBER	1.00	Director	$0	$0	$0
FABRICE HOUDART	BOARD MEMBER	1.00	Director	$0	$0	$0
FLAVIO STAHL	OUTGOING BOARD MEMBER	1.00	Director	$0	$0	$0
GUIA GOLDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
J LOGAN HORNE	BOARD MEMBER	1.00	Director	$0	$0	$0
JACOB JORDAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY TOUSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER FOYLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MEG HALE	BOARD MEMBER	1.00	Director	$0	$0	$0
MELODY WEIR	BOARD MEMBER	1.00	Director	$0	$0	$0
MIA MORETTI	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL S GORDON ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
NEIL PIRIE	CHAIR	1.00	Officer Director	$0	$0	$0
NORMA MASCAROTTI	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL MUNKHOLM	BOARD MEMBER	1.00	Director	$0	$0	$0
RODNEY HAKES	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLY SHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN FERRARA	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN HORN	BOARD MEMBER	1.00	Director	$0	$0	$0
TRISH DONNELLY DAVIDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
YETTA BANKS	TREASURER	1.00	Officer Director	$0	$0	$0
YUMI SHIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES KING	PRESIDENT & CEO	1.00	Officer	$0	$29,412	$566,893
CHERYL GRIMM	VP THRIFT SHOPS	40.00	Officer	$0	$21,385	$196,097
IAN HANLEY	CHIEF FINANCIAL OFFICER (FROM 1/25)	1.00	Officer	$0	$0	$0
JOLANTA ILCZUK	CHIEF FINANCIAL OFFICER (THRU 7/24)	1.00	Officer	$0	$5,306	$274,536
MARIUSZ GOLIANEK	INTERIM CFO (FROM 8/24-THRU 12/24)	1.00	Officer	$0	$24,410	$250,497
MATTHEW BERNARDO	CHIEF OPERATING OFFICER	1.00	Officer	$0	$47,734	$434,721

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	$17,680,608	$14,275,990	$32,975,816	$3,404,618
2024	No data	No data	No data	No data
2023	$15,809,219	$13,137,787	$27,652,458	$2,671,432
2022	$14,313,583	$11,910,423	$27,776,484	$2,403,160
2021	$9,982,501	$10,632,237	$24,908,354	$-649,736
2020	$10,523,241	$12,608,471	$12,565,738	$-2,085,230
2019	$16,124,546	$13,983,779	$14,720,605	$2,140,767
2018	$16,465,180	$14,777,217	$12,703,239	$1,687,963

HOUSING WORKS THRIFT SHOP INC