Second Life Thrift Store Inc (EIN 272314419) - 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

2010

Legal Domicile

Principal Officer

TANYA MAHROUS

Phone

6789745671

Tax Period

2024-01-01 to 2024-12-31

Second Life Thrift Store Inc, founded in 2010, is a community nonprofit in the Animal-Related sector that reported $1.3M in total revenue in fiscal year 2024.

Mission

THRIFT STORE: SECOND LIFE IS A NONPROFIT ORGANIZATION THAT OPERATES A THRIFT STORE (AND ONLINE STORE) TO SUPPORT ANIMAL WELFARE. PROCEEDS FROM THE SALE OF DONATED MERCHANDISE ARE USED TO PROVIDE GRANTS TO ANIMAL RESCUE CHARITIES, SUPPORTING THEIR EFFORTS TO SAVE LIVES AND REDUCE PET OVERPOPULATION. THIS COMMUNITY-FOCUSED MODEL PROMOTES SUSTAINABILITY, COMMUNITY, PET-EDUCATION, ALL WHILE MAKING A POSITIVE IMPACT ON ANIMAL WELFARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $44,513

Program Service Revenue $1,286,561

Investment Income $2,342

Other Revenue $0

TOTAL REVENUE $1,333,416

Expense Breakdown

Grants Paid $286,945

Salaries & Benefits $777,202

Fundraising Expenses $0

Program Expenses $1,159,187

Other Expenses $237,153

TOTAL EXPENSES $1,301,300

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,333,416	$1,276,951	+0.0%
Expenses	$1,301,300	$1,239,929	+0.0%
Net Income	$32,116	$37,022	-0.1%

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

$105,069

Total Directors

$105,069

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANYA MAHROUS	CEO	42.00	Officer Director	$55,896	$0	$55,896
GERALD TOBIAS JR	Secretary	42.00	Officer Director	$49,173	$0	$49,173
JILL BARNES	Vice President	1.00	Officer Director	$0	$0	$0
JENNIFER WILLIAMS	Treasurer	1.00	Officer Director	$0	$0	$0
JOYCE ADKINS	Director	1.00	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
2024	$1,333,416	$1,301,300	$897,737	$32,116
2023	$1,276,951	$1,239,929	$724,587	$37,022
2022	$1,139,194	$1,212,267	$854,095	$-73,073
2021	$1,164,466	$929,289	$615,248	$235,177
2020	$604,396	$616,943	$396,935	$-12,547
2019	$1,011,352	$1,015,748	$423,982	$-4,396
2018	$909,523	$937,567	$391,800	$-28,044

Second Life Thrift Store Inc