COMMUNITY THRIFT SHOP

EIN: 221593524 501(c)(3) Human Services

MIDLAND PARK, NJ

Total Revenue
$302,526
Total Expenses
$288,714
Total Assets
$252,227
Net Assets
$175,066
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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
1929
Legal Domicile
NJ
Principal Officer
SUE FREMGEN
Phone
2016527661
Tax Period
2024-07-01 to 2025-06-30

COMMUNITY THRIFT SHOP, founded in 1929, is a small nonprofit in the Human Services sector that reported $303K in total revenue in fiscal year 2024. Expenses of $289K left a modest 5% surplus.

Mission

THE COMMUNITY THRIFT SHOP ACCEPTS DONATIONS OF GOODS FROM THE GENERAL PUBLIC. WHEN THE GOODS ARE SOLD, A PORTION OF THE PROCEEDS BENEFIT THE DONOR'S DESIGNATED CHARITABLE ORGANIZATION.

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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 $0
Program Service Revenue $299,115
Investment Income $3,411
Other Revenue $0
TOTAL REVENUE $302,526

Expense Breakdown

Grants Paid $0
Salaries & Benefits $101,419
Fundraising Expenses $0
Program Expenses $278,028
Other Expenses $187,295
TOTAL EXPENSES $288,714

Year-over-Year Comparison

2024 2023 Change
Revenue $302,526 $290,719 +0.0%
Expenses $288,714 $271,134 +0.1%
Net Income $13,812 $19,585 -0.3%
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
7
Independent Members
7
Employees
8
Volunteers
50

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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGE GORSKI TRUSTEE N/A
Director
$0 $0 $0
DOLORES MORRISON TRUSTEE N/A
Director
$0 $0 $0
DORIS NOVAK TRUSTEE N/A
Director
$0 $0 $0
CAROL ANN ORLANDO TRUSTEE N/A
Director
$0 $0 $0
EILEEN STANIEWICZ TRUSTEE N/A
Director
$0 $0 $0
SUE FREMGEN PRESIDENT N/A
Officer
$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 $302,526 $288,714 $252,227 $13,812
2024 $290,719 $271,134 $277,996 $19,585
2023 $266,318 $257,396 $297,261 $8,922
2022 $261,664 $245,348 $323,493 $16,316
2021 $228,809 $209,144 $156,971 $19,665
2020 $180,292 $222,514 $122,225 $-42,222
2019 $254,955 $243,694 $165,418 $11,261
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