ECONOMY SHOP

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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

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.

Program Service Accomplishments

Program 1

Expenses: $439,921 Revenue: $0

Program services

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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 $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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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