NATIONAL ASSOCIATION OF RESALE & THRIFT SHOPS

EIN: 363365245

ST CLAIR SHORES, MI

Total Revenue
$200,488
Total Expenses
$219,067
Total Assets
$82,856
Net Assets
$82,856
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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
1986
Principal Officer
KRETA LEE
Phone
5088787357
Tax Period
2023-09-01 to 2024-08-31

NATIONAL ASSOCIATION OF RESALE & THRIFT SHOPS, founded in 1986, is a small nonprofit that reported $200K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

TO INFORM MEMBERS OF INDUSTRY ISSUES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $195,541
Investment Income $923
Other Revenue $4,024
TOTAL REVENUE $200,488

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $140,880
Other Expenses $219,067
TOTAL EXPENSES $219,067

Year-over-Year Comparison

2023 2022 Change
Revenue $200,488 $224,824 -0.1%
Expenses $219,067 $227,467 0.0%
Net Income $-18,579 $-2,643 +6.0%
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
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS SEWELL DIRECTOR 1.00
Officer Director
$0 $0 $0
KRETA LEE PRESIDENT 1.00
Officer
$0 $0 $0
KIMBERLY SMITH SECRETARY 1.00
Officer
$0 $0 $0
SARA SUNDBLAD VICE PRESIDE 1.00
Officer
$0 $0 $0
CHRIS SWANSON TREASURER 1.00
Officer
$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 $200,488 $219,067 $82,856 $-18,579
2024 $20,540 $33,406 $69,990 $-12,866
2023 $224,824 $227,467 $91,273 $-2,643
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