FRINGE BENEFITS THRIFT STORE INC

EIN: 200144561 501(c)(3) Animal-Related

HOWARDS GROVE, WI

Total Revenue
$36,594
Total Expenses
$118,918
Total Assets
$340,915
Net Assets
$78,236
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
WI
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

OPERATION OF THRIFT AND GARDENING STORE TO PROVIDE FUNDING TO SUPPORT ORGANIZTIONS FOR THE PREVENTION OF CRUELTY TO ANIMALS.

Program Service Accomplishments

Program 1
Expenses: $110,733 Revenue: $130,194

DONATIONS TO 501(C)3 ORGANIZATIONS FOR PREVENTION OF CRUELTY TO ANIMALS.

Program 2
Expenses: $158 Revenue: $2,905

OPERATIONS FOR NATURE PRESERVE, RESOURCES FOR ANIMAL CRUELTY.

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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 $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 Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
4
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
$50,000
Total Directors
3
$50,000
Key Employees
0
$0
Highest Compensated
0
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
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