PARISH THRIFT SHOP INC

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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

2009

Legal Domicile

Principal Officer

ELAINE RILEY

Phone

7578103022

Tax Period

2023-07-01 to 2024-06-30

PARISH THRIFT SHOP INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $417K in total revenue in fiscal year 2023. Net assets of $1.4M represent 41 months of operating reserves.

Mission

ENGAGING IN EACH AND EVERY OTHER ACTIVITY WHICH WILL LESSEN THE RELIANCE OF THE POOR, THE HUNGRY, THE HOMELESS AND THE POTENTIALLY HOMELESS, AND THE UNEMPLOYED AND POTENTIALLY UNEMPLOYED, ON THE GOVERNMENT AUTHORITIES OF THE VIRGINIA PENINSULA.

Program Service Accomplishments

Program 1

Expenses: $287,306

ASSISTING OVER 160 INDIVIDUALS AND FAMILES WHO HAVE FALLEN ON BAD TIMES. FUNDS ARE RAISED THROUGH THRIFT STORE OPERATIONS.

Program 2

Expenses: $47,392

SERVED OVER 1580 INDIVIDUALS FROM FOOD PANTRY.

Program 3

Expenses: $1,803

SUPPORT FOR COMMUNITY 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 (2023)

Revenue Breakdown

Contributions & Grants $413,316

Program Service Revenue $0

Investment Income $3,674

Other Revenue $0

TOTAL REVENUE $416,990

Expense Breakdown

Grants Paid $156,359

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $336,501

Other Expenses $297,350

TOTAL EXPENSES $453,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$416,990	$421,621	0.0%
Expenses	$453,709	$355,620	+0.3%
Net Income	$-36,719	$66,001	-1.6%

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

N/A

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
ELAINE RILEY	PRESIDENT	20.00	Officer Director	$0	$0	$0
JAMES P RILEY	SECRETARY	1.50	Officer Director	$0	$0	$0
LORRAINE MCSHANE	DIRECTOR	16.00	Officer Director	$0	$0	$0
PAULETTE HEISER	DIRECTOR	25.00	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
2025	No data	No data	No data	No data
2024	$416,990	$453,709	$1,422,386	$-36,719
2023	$421,621	$355,620	$1,459,105	$66,001
2022	$424,957	$307,306	$1,393,104	$117,651
2021	$415,558	$333,877	$1,275,453	$81,681
2020	$358,805	$406,773	$1,193,772	$-47,968
2019	$427,313	$333,357	$1,241,740	$93,956
2018	$410,692	$397,058	$1,147,784	$13,634