1st Rate 2nd Hand Thrift Inc (EIN 270884542) - 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

Robyn Schwager

Tax Period

2019-01-01 to 2019-12-31

1st Rate 2nd Hand Thrift Inc, founded in 2009, is a small nonprofit that reported $195K in total revenue in fiscal year 2019. Revenue decreased 12% compared to the prior year. Expenses of $223K exceeded revenue, resulting in a 14% operating deficit.

Mission

To provide a source of sustainable funding to local 501(c)(3) organizations in our community. To provide a place for citizens to recycle and reuse household items.

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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 (2019)

Revenue Breakdown

Contributions & Grants $200,106

Program Service Revenue $0

Investment Income $0

Other Revenue $-4,770

TOTAL REVENUE $195,336

Expense Breakdown

Grants Paid $4,987

Salaries & Benefits $105,649

Fundraising Expenses $0

Program Expenses $146,528

Other Expenses $112,467

TOTAL EXPENSES $223,103

Year-over-Year Comparison

	2019	2018	Change
Revenue	$195,336	$222,086	-0.1%
Expenses	$223,103	$238,176	-0.1%
Net Income	$-27,767	$-16,090	+0.7%

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
Robyn Schwager	Co-Chair	2.00	Officer Director	$0	$0	$0
Jami Gan	Secretary	1.00	Officer Director	$0	$0	$0
Cathy Olswing	Director	6.00	Director	$0	$0	$0
Thom Carchedi	Director	1.00	Director	$0	$0	$0
Andie Cohn	Co-Chair	3.00	Officer Director	$0	$0	$0
Brian Olswing	Treasurer	8.00	Officer Director	$0	$0	$0
Berti Levkowitz	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
2019	$195,336	$223,103	$31,769	$-27,767
2018	$222,086	$238,176	$58,801	$-16,090

1st Rate 2nd Hand Thrift Inc