NEW 2 U THRIFT CENTER INC

🔒

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

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

SHERI NYMARK

Phone

7274654261

Tax Period

2021-01-01 to 2021-12-31

NEW 2 U THRIFT CENTER INC, founded in 2009, is a small nonprofit that reported $137K in total revenue in fiscal year 2021. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $181K exceeded revenue, resulting in a 32% operating deficit.

Mission

NEW 2 U THRIFT CENTER IS A NOT FOR PROFIT ORGANIZATION DEDICATED TO SERVING NEEDY MEMBERS OF THE COMMUNITY. THROUGH THE COLLECTION OF RE-SALEABLE DONATED ITEMS, THE THRIFT CENTER IS ABLE TO SUPPORT CHILDREN AND FAMILIES IN NEED BY PROVIDING CLOTHING AND HOUSEHOLD ITEMS. NET PROCEEDS FROM THE SALE OF DONATED ITEMS ARE ALSO USED TO PROVIDE FOOD AND OTHER NECESSARY AID FOR LOW INCOME FAMILIES. THE THRIFT CENTER ENCOURAGES PEOPLE TO VOLUNTEER AND SERVE FOR THE BENEFIT OF THEIR COMMUNITY, STATE, THE COUNTRY AND WORLDWIDE.

Program Service Accomplishments

Program 1

Expenses: $180,642

ITEMS DONATED TO THE THRIFT CENTER ARE EITHER DISBURSED TO NEEDY FAMILIES IN THE LOCAL COMMUNITY OR SOLD WITH THE NET PROCEEDS BEING USED FOR FOOD AND OTHER NECESSITIES TO MEET THE NEEDS OF LESS...

ITEMS DONATED TO THE THRIFT CENTER ARE EITHER DISBURSED TO NEEDY FAMILIES IN THE LOCAL COMMUNITY OR SOLD WITH THE NET PROCEEDS BEING USED FOR FOOD AND OTHER NECESSITIES TO MEET THE NEEDS OF LESS FORTUNATE MEMBERS OF OUR SOCIETY. NEW 2 U THRIFT CENTER ALSO SUPPORTS OTHER CHARITABLE ORGANIZATIONS, SUCH AS CHURCHES AND OTHER 501C3 EXEMPT MISSIONS, THROUGH THE SHARING OF RESOURCES BY PROVIDING VOUCHER AND GIFT CERTIFICATES FOR THE PURCHASE OF ITEMS FROM THE THRIFT STORE.

🔒

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%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $94,568

Program Service Revenue $0

Investment Income $4

Other Revenue $42,700

TOTAL REVENUE $137,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,461

Fundraising Expenses $0

Program Expenses $180,642

Other Expenses $129,181

TOTAL EXPENSES $180,642

Year-over-Year Comparison

	2021	2020	Change
Revenue	$137,272	$346,120	-0.6%
Expenses	$180,642	$335,979	-0.5%
Net Income	$-43,370	$10,141	-5.3%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT DE HAAN	DIRECTOR	N/A	Director	$0	$0	$0
BRYAN KING	DIRECTOR	N/A	Director	$0	$0	$0
ESTHER H MADRAY	VICE PRESIDE	N/A	Director	$0	$0	$0
RAYMOND A MADRAY	PRESIDENT	N/A	Director	$0	$0	$0
JUSTIN NYMARK	DIRECTOR	N/A	Director	$0	$0	$0
SHERI NYMARK	TREASURER	N/A	Director	$0	$0	$0
STEPHEN NYMARK	DIRECTOR	N/A	Director	$0	$0	$0
KENNETH THOMPSON	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN THOMPSON	DIRECTOR	N/A	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
2021	$137,272	$180,642	No data	$-43,370
2020	$346,120	$335,979	$80,107	$10,141
2019	$349,655	$346,494	$37,745	$3,161
2018	$338,122	$358,625	$35,030	$-20,503