ECONOMY SHOP

EIN: 362177156 501(c)(3) Philanthropy & Grantmaking

Oak Park, IL

Total Revenue
$510,821
Total Expenses
$527,653
Total Assets
$451,120
Net Assets
$440,883
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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
1922
Legal Domicile
IL
Principal Officer
Lisa Sorensen
Phone
7083832449
Tax Period
2024-07-01 to 2025-06-30

ECONOMY SHOP, founded in 1922, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $511K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

Economy Shop sells donated clothing and other household items to the general public and utilizes the funds raised to support local charitable 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,096
Program Service Revenue $0
Investment Income $12,608
Other Revenue $496,117
TOTAL REVENUE $510,821

Expense Breakdown

Grants Paid $231,000
Salaries & Benefits $132,470
Fundraising Expenses $0
Program Expenses $439,921
Other Expenses $164,183
TOTAL EXPENSES $527,653

Year-over-Year Comparison

2024 2023 Change
Revenue $510,821 $440,124 +0.2%
Expenses $527,653 $393,468 +0.3%
Net Income $-16,832 $46,656 -1.4%
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

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Governance

Voting Members
27
Independent Members
27
Employees
4
Volunteers
100

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
7
$0
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ellen Brooks Operations Manager 40
Highest
$51,462 $0 $51,462
Lisa Sorensen President 8
Officer Director
$0 $0 $0
Mary Ann Schott Treasurer 8
Officer Director
$0 $0 $0
Tammy Grayson VP - Merchandising 8
Officer Director
$0 $0 $0
Alicia McNamara VP - Volunteers 8
Officer Director
$0 $0 $0
Mary Rogers VP - House & Grounds 8
Officer Director
$0 $0 $0
Noreen Frye Recording Secretary 8
Officer Director
$0 $0 $0
Mary Austin Corresponding Secretary 8
Officer Director
$0 $0 $0
Lauren Murphy Director 8
Director
$0 $0 $0
Christiane Metzner Director 8
Director
$0 $0 $0
Bill Lee Director 8
Director
$0 $0 $0
Jan Debits Director 8
Director
$0 $0 $0
Ellen Stinziano Director 8
Director
$0 $0 $0
Sharon Boos Director 8
Director
$0 $0 $0
Jane Santilli Director 8
Director
$0 $0 $0
Chatka Ruggiero Director 8
Director
$0 $0 $0
Nancy Hines Director 8
Director
$0 $0 $0
Nancy Clark Director 8
Director
$0 $0 $0
Maura Schofield Director 8
Director
$0 $0 $0
Janet Olson Director 8
Director
$0 $0 $0
Vicki Bielanski Director 8
Director
$0 $0 $0
Cherrell Jackson Director 8
Director
$0 $0 $0
Nancy Grayson Director 8
Director
$0 $0 $0
Kimberly Fields Director 8
Director
$0 $0 $0
Donna Patterson Director 8
Director
$0 $0 $0
Sofie Pederson Director 8
Director
$0 $0 $0
Jason Striezel Director 8
Director
$0 $0 $0
Jane Costa Director 8
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
2025 $510,821 $527,653 $451,120 $-16,832
2025 $510,821 $527,653 $451,120 $-16,832
2024 $440,124 $393,468 $459,593 $46,656
2023 $362,615 $288,727 $411,911 $73,888
2022 $284,336 $280,955 $337,202 $3,381
2021 $94,991 $183,514 $336,401 $-88,523
2020 $281,453 $329,485 $426,849 $-48,032
2019 $321,937 $391,967 $478,138 $-70,030
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