THE THRIFT ALLIANCE

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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

2004

Legal Domicile

Principal Officer

RICHARD GYGI

Phone

6158338200

Tax Period

2024-07-01 to 2025-06-30

THE THRIFT ALLIANCE, founded in 2004, is a community nonprofit in the Human Services sector that reported $9.8M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO PROVIDE VALUE TO CUSTOMERS, OPPORTUNITY FOR EMPLOYEES, AND BENEFITS FOR CHARITIES BY OPERATING THE BEST THRIFT STORES IN THE WORLD AND PROMOTING THRIFTY LIVING-ALL FOR GOD'S GLORY.

Program Service Accomplishments

Program 1

Expenses: $9,165,254 Revenue: $3,942,246

THE ORGANIZATION SELLS DONATED AND PURCHASED MERCHANDISE TO SUPPORT VARIOUS MISSIONS. THE FOUNDERS ADOPTED A VISION FOCUSED ON "BUSINESS AS A MISSION." FUNDS PROVIDED BY THE ORGANIZATION SEND...

THE ORGANIZATION SELLS DONATED AND PURCHASED MERCHANDISE TO SUPPORT VARIOUS MISSIONS. THE FOUNDERS ADOPTED A VISION FOCUSED ON "BUSINESS AS A MISSION." FUNDS PROVIDED BY THE ORGANIZATION SEND MEDICINE, BOOKS, EDUCATIONAL MATERIALS, CLOTHING, ETC. TO SUPPORTED MISSIONS. ADDITIONAL OBJECTIVES INCLUDE PROVIDING JOBS AND SKILL DEVELOPMENT TO RESIDENTS OF LOWER-TO- MIDDLE INCOME INDIVIDULS, AND PROVIDING GOOD QUALITY CONSUMER GOODS TO THE PUBLIC.

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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 $5,774,412

Program Service Revenue $3,942,246

Investment Income $86

Other Revenue $109,408

TOTAL REVENUE $9,826,152

Expense Breakdown

Grants Paid $240,000

Salaries & Benefits $2,184,836

Fundraising Expenses $0

Program Expenses $9,165,254

Other Expenses $7,423,393

TOTAL EXPENSES $9,848,229

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,826,152	$7,967,314	+0.2%
Expenses	$9,848,229	$7,913,391	+0.2%
Net Income	$-22,077	$53,923	-1.4%

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

Volunteers

1500

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

$89,229

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC TAFT	OPERATIONS M	40.00	Highest	$107,473	$15,129	$122,602
RICHARD GYGI	EXECUTIVE DI	20.00	Officer	$89,229	$0	$89,229
EMILY BLACKLEDGE	DIRECTOR	1.00	Director	$0	$0	$0
ED FREEMAN	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
JEFF PACK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PARKER PAGE	DIRECTOR	1.00	Director	$0	$0	$0
CINDY SILER	DIRECTOR	1.00	Director	$0	$0	$0

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	$9,826,152	$9,848,229	$5,867,212	$-22,077
2024	No data	No data	No data	No data
2023	$3,095,086	$2,974,646	$829,029	$120,440
2022	$2,756,268	$2,530,145	$769,764	$226,123
2021	$2,075,608	$1,780,587	$641,441	$295,021