MAIN STREET CLOSET

EIN: 233100376 501(c)(3) Human Services

WILLOW STREET, PA

Total Revenue
$1,198,271
Total Expenses
$1,031,570
Total Assets
$1,992,905
Net Assets
$1,817,843
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
PA
Principal Officer
MELVIN NEFF
Phone
7174642038
Tax Period
2024-01-01 to 2024-12-31

MAIN STREET CLOSET, founded in 2000, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.0M left a modest 14% surplus.

Mission

THE MAIN STREET CLOSET IS A THRIFT STORE LOCATED IN WILLOW STREET, PENNSYLVANIA. IT PROVIDES DONATED ITEMS SUCH AS CLOTHING AND HOUSEHOLD ITEMS AT THRIFT STORE PRICES TO THE GENERAL PUBLIC. THE SALE OF SUCH ITEMS BENEFIT NEEDY FAMILIES WHO CAN NOT OTHERWISE AFFORD SUCH MERCHANDISE. ALL ITEMS SOLD ARE DONATED AND ALL LABORERS WORK ON A VOLUNTEER BASIS WITH THE EXCEPTION OF THE STORE MANAGERS. ALL PROFITS DERIVED FROM SALES ARE DONATED TO RELIGIOUS CHARITABLE ORGANIZATIONS SUCH AS MENNONITE CENTRAL COMMITTEE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,479
Program Service Revenue $1,146,604
Investment Income $4,877
Other Revenue $24,311
TOTAL REVENUE $1,198,271

Expense Breakdown

Grants Paid $440,399
Salaries & Benefits $394,523
Fundraising Expenses $3,472
Program Expenses $948,982
Other Expenses $196,648
TOTAL EXPENSES $1,031,570

Year-over-Year Comparison

2024 2023 Change
Revenue $1,198,271 $1,277,415 -0.1%
Expenses $1,031,570 $1,108,239 -0.1%
Net Income $166,701 $169,176 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
18
Volunteers
90

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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELVIN NEFF CHAIRMAN 10.00
Officer Director
$0 $0 $0
HAROLD HERSHEY TREASURER 5.00
Officer Director
$0 $0 $0
EDIE HESS SECRETARY 12.00
Officer Director
$0 $0 $0
GENE DENLINGER V CHAIRMAN 15.00
Officer Director
$0 $0 $0
JOHN EBERSOLE DIRECTOR 2.00
Director
$0 $0 $0
LINDSAY HARNISH DIRECTOR 4.00
Director
$0 $0 $0
ED SHENK DIRECTOR 2.00
Director
$0 $0 $0
TIM HESS DIRECTOR 2.00
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
2024 $1,198,271 $1,031,570 $1,992,905 $166,701
2023 $1,277,415 $1,108,239 $1,908,443 $169,176
2022 $1,161,890 $1,005,564 $1,719,164 $156,326
2021 $1,079,717 $852,523 $1,594,867 $227,194
2020 $739,423 $727,881 $1,400,172 $11,542
2019 $829,836 $683,966 $1,417,886 $145,870
2018 $732,071 $566,952 $1,297,137 $165,119
Explore More Nonprofits
Top 100 Nonprofits in Pennsylvania Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MAIN STREET CLOSET with other nonprofits in Pennsylvania and across the country.