WESTERN HARNETT OVERHILLS AREA THIRFT SHOP

EIN: 262025756 501(c)(3) Education

OLIVIA, NC

Total Revenue
$756,737
Total Expenses
$770,049
Total Assets
$192,566
Net Assets
$192,566
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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
NC
Principal Officer
MARGARET ALTMAN
Tax Period
2024-01-01 to 2024-12-31

WESTERN HARNETT OVERHILLS AREA THIRFT SHOP, founded in 2000, is a small nonprofit in the Education sector that reported $757K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO SERVICE THE COMMUNITY SCHOOLS WITH FUNDS FOR BOOKS, COMPUTERS, PAPER,PENS, TEACHING SUPPLIES, PRINTERS. HELP DISADVANTAGE CHILDERN

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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 $756,549
Investment Income $0
Other Revenue $188
TOTAL REVENUE $756,737

Expense Breakdown

Grants Paid $0
Salaries & Benefits $510,644
Fundraising Expenses $0
Program Expenses $769,271
Other Expenses $259,405
TOTAL EXPENSES $770,049

Year-over-Year Comparison

2024 2023 Change
Revenue $756,737 $808,795 -0.1%
Expenses $770,049 $774,875 0.0%
Net Income $-13,312 $33,920 -1.4%
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
25
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOYCE ROSSER VICE PRESIDENT 10.00
Officer
$0 $0 $0
MARGARET ALTMAN PRESIDENT 10.00
Officer
$0 $0 $0
BRIAN GRAHAM APPOINTER 5.00
Officer
$0 $0 $0
ROSE GRIMM SECRETARY TREASURE 40.00
Key Emp
$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 $756,737 $770,049 $192,566 $-13,312
2023 $808,795 $774,875 $318,379 $33,920
2022 $716,083 $682,537 $284,459 $33,546
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