PARK AVENUE THRIFT INC

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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

2007

Legal Domicile

Principal Officer

ANITA LUETKEYMEYER

Phone

5802337275

Tax Period

2023-01-01 to 2023-12-31

PARK AVENUE THRIFT INC, founded in 2007, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2023. Expenses of $1.8M left a modest 10% surplus.

Mission

STRENGTHENING THE ENID COMMUNITY AND SERVING OTHERS BY COLLECTION DONATIONS, RUNNING A TOP-NOTCH THRIFT STORE, AND GIVING THE PROCEEDS TO ENID NONPROFITS THAT INVEST INQUALITY-OF-LIFE INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $1,708,064 Revenue: $2,013,030

PARK AVENUE THRIFT - THIS THRIFT STORE PROVIDES CLOTHING, FURNITURE AND HOUSEHOLD GOODS TO THE STORE PATRONS. THE ITEMS ARE DONATED TO THE STORE FROM THE COMMUNITY AND SURROUNDING AREAS AND SOLD AT BARGAIN PRICES. ONE HUNDRED PERCENT OF THE PROFITS FROM THE OPERATIONS OF THE THRIFT STORE ARE DONATED BACK TO THE COMMUNITY THROUGH GRANTS AND SPONSORSHIPS TO NONPROFITS AND PUBLIC INSTITUTIONS WHICH ENHANCE THE QUALITY OF LIFE IN THE COMMUNITY.

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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 $0

Program Service Revenue $2,012,636

Investment Income $17,974

Other Revenue $0

TOTAL REVENUE $2,030,610

Expense Breakdown

Grants Paid $541,281

Salaries & Benefits $955,035

Fundraising Expenses $0

Program Expenses $1,708,064

Other Expenses $323,904

TOTAL EXPENSES $1,820,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,030,610	$1,902,857	+0.1%
Expenses	$1,820,220	$1,480,615	+0.2%
Net Income	$210,390	$422,242	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA HABIBI	Director	1.00	Director	$0	$0	$0
JOHN MERZ	Director	1.00	Director	$0	$0	$0
ANITA LUETKEYMEYER	Chairman	2.00	Officer Director	$0	$0	$0
NANCY ROEMING	Vice Chairman	2.00	Officer Director	$0	$0	$0
DARON RUDY	Treasurer	3.00	Officer Director	$0	$0	$0
STEVEN MACKIE	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,030,610	$1,820,220	$1,923,303	$210,390
2022	$1,902,857	$1,480,615	$1,708,841	$422,242
2021	$1,759,306	$1,348,238	$1,268,783	$411,068
2020	$1,481,076	$1,037,736	$814,796	$443,340
2019	$1,368,519	$1,257,097	$348,065	$111,422
2018	$1,341,911	$1,313,424	$285,362	$28,487