FRINGE BENEFITS THRIFT STORE INC (EIN 200144561) - 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

2003

Legal Domicile

Principal Officer

RACHEL NICK

Phone

9208280001

Tax Period

2024-01-01 to 2024-12-31

FRINGE BENEFITS THRIFT STORE INC, founded in 2003, is a micro nonprofit in the Animal-Related sector that reported $37K in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $119K exceeded revenue, resulting in a 225% operating deficit.

Mission

FRINGE BENEFITS THRIFT STORE, NOW LAVALLY, HAS A MISSION TO FUNDRAISE THROUGH STORE SALES TO BENEFIT ANIMAL WELFARE ORGANIZATIONS AND PROGRAMS, AND THE RESTORATION, PRESERVATION, AND CONSERVATION OF WILDLIFE AND NATURAL HABITAT. THE FUNDS WE RAISE SUPPORT LAVALLEY'S NATURE PRESERVES AND CONSERVANCY EFFORTS.

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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 $7,656

Program Service Revenue $2,905

Investment Income $-7,915

Other Revenue $33,948

TOTAL REVENUE $36,594

Expense Breakdown

Grants Paid $3,483

Salaries & Benefits $58,428

Fundraising Expenses $0

Program Expenses $110,891

Other Expenses $57,007

TOTAL EXPENSES $118,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,594	$207,109	-0.8%
Expenses	$118,918	$221,192	-0.5%
Net Income	$-82,324	$-14,083	+4.8%

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

N/A

Employees

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

$50,000

Total Directors

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE NICK	VICE PRESIDENT	32.00	Officer Director	$0	$0	$0
RACHEL S NICK	SECRETARY/TREASURER	32.00	Officer Director	$25,000	$0	$25,000
DANA SCHMIDT	PRESIDENT	32.00	Officer Director	$25,000	$0	$25,000

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	$36,594	$118,918	$340,915	$-82,324
2023	$207,109	$221,192	$439,795	$-14,083
2022	$199,049	$230,865	$291,988	$-31,816
2021	$262,685	$266,211	$350,565	$-3,526
2020	$129,302	$131,584	$12,696	$-2,282
2019	$188,908	$189,662	$20,797	$-754
2018	$194,219	$180,934	$16,483	$13,285

FRINGE BENEFITS THRIFT STORE INC