SECOND BLESSING THRIFT SHOP INC

EIN: 202705291 501(c)(3) Philanthropy & Grantmaking

TIPTON, IN

Total Revenue
$209,883
Total Expenses
$151,427
Total Assets
$386,252
Net Assets
$375,669
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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
2005
Legal Domicile
IN
Principal Officer
STEVE BROWN
Phone
7656756227
Tax Period
2024-01-01 to 2024-12-31

SECOND BLESSING THRIFT SHOP INC, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $210K in total revenue in fiscal year 2024. The organization ran a surplus of $58K, a strong 28% operating margin.

Mission

SECOND BLESSING THRIFT SHOP EXISTS TO PROVIDE LOW COST CLOTHING & HOUSEHOLD ITEMS TO THOSE IN NEED IN TIPTON COUNTY. IT USES THE FUNDS RAISED TO BENEFIT OTHER LOCAL CHARITABLE PURPOSES.

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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 $20,909
Program Service Revenue $0
Investment Income $12,683
Other Revenue $176,291
TOTAL REVENUE $209,883

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,182
Fundraising Expenses $0
Program Expenses $151,427
Other Expenses $100,245
TOTAL EXPENSES $151,427

Year-over-Year Comparison

2024 2023 Change
Revenue $209,883 N/A N/A
Expenses $151,427 N/A N/A
Net Income $58,456 N/A N/A
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

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Governance

Voting Members
4
Independent Members
4
Employees
2
Volunteers
15

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE BROWN PRESIDENT/ T 3.00
Officer Director
$0 $0 $0
JOHN CRUME VICE PRESIDE N/A
Officer Director
$0 $0 $0
DEBRA KUHN SECRETARY N/A
Officer Director
$0 $0 $0
ROBERT NICHOLS BOARD MEMBER 1.00
Officer 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
2024 $209,883 $151,427 $386,252 $58,456
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