NUWAY THRIFT STORE 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

1982

Legal Domicile

Principal Officer

KENNETH HASSING

Phone

2693437108

Tax Period

2021-01-01 to 2021-12-31

NUWAY THRIFT STORE INC, founded in 1982, is a small nonprofit that reported $494K in total revenue in fiscal year 2021. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $726K exceeded revenue, resulting in a 47% operating deficit.

Mission

TO COLLECT, RESELL, AND DISTRIBUTE CLOTHING AND HOUSEHOLD ITEMS TO THE GENERAL PUBLIC AT BELOW MARKET VALUES.

Program Service Accomplishments

Program 1

Expenses: $683,056 Revenue: $408,775

NUWAY RECEIVES USED CLOTHING AND HOUSEHOLD GOODS FROM THE GENERAL PUBLIC AS DONATIONS. THE ORGANIZATION INCURS EXPENSES TO SORT AND RESELL THESE ITEMS TO THE GENERAL PUBLIC. SURPLUS FUNDS ARE...

NUWAY RECEIVES USED CLOTHING AND HOUSEHOLD GOODS FROM THE GENERAL PUBLIC AS DONATIONS. THE ORGANIZATION INCURS EXPENSES TO SORT AND RESELL THESE ITEMS TO THE GENERAL PUBLIC. SURPLUS FUNDS ARE DISTRIBUTED TO LOCAL NON-PROFIT ORGANIZATIONS THAT SERVE YOUTH AND YOUTH RELATED MINISTRIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $408,775

Investment Income $-9,020

Other Revenue $93,798

TOTAL REVENUE $493,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,198

Fundraising Expenses $0

Program Expenses $683,056

Other Expenses $477,612

TOTAL EXPENSES $725,810

Year-over-Year Comparison

	2021	2020	Change
Revenue	$493,553	$339,529	+0.5%
Expenses	$725,810	$311,979	+1.3%
Net Income	$-232,257	$27,550	-9.4%

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

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

$113,507

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON CLARK	EXECUTIVE DI	40.00	Officer	$113,507	$0	$113,507
KENNETH HASSING	PRESIDENT	1.00	Officer Director	$0	$0	$0
DARRELL ROOSE	TREASURER	1.00	Officer Director	$0	$0	$0
JAKE JAKOBSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MARTY HODGES	DIRECTOR	1.00	Director	$0	$0	$0
ROGER KRAAK	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
2021	$493,553	$725,810	No data	$-232,257
2020	$339,529	$311,979	$262,257	$27,550
2019	$323,746	$288,377	$204,707	$35,369
2018	$266,054	$317,666	$169,338	$-51,612