MAIN STREET CLOSET

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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

2000

Legal Domicile

Principal Officer

MELVIN NEFF

Phone

7174642038

Tax Period

2025-01-01 to 2025-12-31

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 2025. Expenses of $1.1M left a modest 6% 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 MANY 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.

Program Service Accomplishments

Program 1

Expenses: $1,024,206 Revenue: $1,143,883

DONATES PROFITS TO CHARITABLE ORGANIZATIONS, PRIMARILY MENNONITE CENTRAL COMMITTEE, AT THE DISCRETION OF THE BOARD OF DIRECTORS. IN 2025 402,471 WAS GIVEN TO MCC AND 40,500 WAS DONATED TO SEVERAL...

DONATES PROFITS TO CHARITABLE ORGANIZATIONS, PRIMARILY MENNONITE CENTRAL COMMITTEE, AT THE DISCRETION OF THE BOARD OF DIRECTORS. IN 2025 402,471 WAS GIVEN TO MCC AND 40,500 WAS DONATED TO SEVERAL COMMUNITY 501 (C)3 ORGANIZATIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,471

Program Service Revenue $1,143,883

Investment Income $3,228

Other Revenue $29,518

TOTAL REVENUE $1,179,100

Expense Breakdown

Grants Paid $442,971

Salaries & Benefits $450,986

Fundraising Expenses $2,310

Program Expenses $1,024,206

Other Expenses $209,744

TOTAL EXPENSES $1,103,701

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,179,100	$1,198,271	0.0%
Expenses	$1,103,701	$1,031,570	+0.1%
Net Income	$75,399	$166,701	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

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
DAVID RINEER	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
2025	$1,179,100	$1,103,701	$2,026,193	$75,399
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