3 Way Thrift Store Inc (EIN 330595633) - 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

1994

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

3 Way Thrift Store Inc, founded in 1994, is a community nonprofit in the Human Services sector that reported $4.7M in total revenue in fiscal year 2023. Expenses of $4.4M left a modest 6% surplus.

Mission

Operate Thrift Stores to raise funds to support other 501(c)3 organizations

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,583,339

Program Service Revenue $0

Investment Income $36,979

Other Revenue $55,161

TOTAL REVENUE $4,675,479

Expense Breakdown

Grants Paid $585,000

Salaries & Benefits $764,377

Fundraising Expenses $0

Program Expenses $4,192,700

Other Expenses $3,062,339

TOTAL EXPENSES $4,411,716

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,675,479	$4,833,028	0.0%
Expenses	$4,411,716	$4,035,264	+0.1%
Net Income	$263,763	$797,764	-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
Dean Mesman	Board Member	2.00	Director	$0	$0	$0
Carla Kleinjan	Board Member	2.00	Director	$0	$0	$0
Dave Slager	Board Member	2.00	Director	$0	$0	$0
Brent Westra	Board Member	2.00	Director	$0	$0	$0
Jeff Jarvis	Board Member	2.00	Director	$0	$0	$0
Mark Ligtenberg	President	4.00	Officer Director	$0	$0	$0
Steve Laidlaw	Treasurer	4.00	Officer Director	$0	$0	$0
Yvonne Eaton	Secretary	3.00	Officer Director	$0	$0	$0
Jeremy Wiekamp	Vice President	3.00	Officer 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	No data	No data	No data	No data
2023	$4,675,479	$4,411,716	$4,678,880	$263,763
2022	$4,833,028	$4,035,264	$4,366,284	$797,764
2021	$4,164,171	$3,652,542	$3,968,931	$511,629
2020	$2,732,934	$2,672,702	$3,845,775	$60,232
2019	$3,546,789	$3,381,557	$3,463,142	$165,232
2018	$3,295,401	$3,136,903	$3,406,308	$158,498

3 Way Thrift Store Inc