SECOND BLESSINGS MISSION STORE INC (EIN 270608305) - Form 990 Financial Analysis & Trantor Score

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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

PATTY WHITT

Phone

8597493357

Tax Period

2022-01-01 to 2022-12-31

SECOND BLESSINGS MISSION STORE INC, founded in 2009, is a micro nonprofit that reported $18K in total revenue in fiscal year 2022. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $66K exceeded revenue, resulting in a 271% operating deficit.

Mission

SECOND BLESSINGS MISSION STORE PROVIDES CLOTHING AND HOUSEHOLD ITEMS AT A LOW COST TO OUR COMMUNITY AND SURROUNDING AREAS. WE OCCASIONALLY WORK WITH OTHER MINISTRIES TO PROVIDE FREE HOUSEHOLD ITEMS IN SELECT CASES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,677

Program Service Revenue $14,010

Investment Income $0

Other Revenue $989

TOTAL REVENUE $17,676

Expense Breakdown

Grants Paid $45,500

Salaries & Benefits $13,578

Fundraising Expenses $0

Program Expenses $65,618

Other Expenses $6,555

TOTAL EXPENSES $65,633

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,676	$74,439	-0.8%
Expenses	$65,633	$71,219	-0.1%
Net Income	$-47,957	$3,220	-15.9%

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

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

$7,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATTY L WHITT	DIRECTOR	40.00	Director	$7,875	$0	$7,875
CARL WHITT	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT L BALDWIN	DIRECTOR	0.00	Director	$0	$0	$0
JAIMIE S WITT	DIRECTOR	0.00	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
2022	$17,676	$65,633	No data	$-47,957
2021	$74,439	$71,219	$51,182	$3,220
2020	$59,347	$63,722	$46,493	$-4,375
2019	$71,597	$80,617	$50,742	$-9,020
2018	$75,017	$69,010	$59,271	$6,007

SECOND BLESSINGS MISSION STORE INC