NEW LIFE THRIFT STORE

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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

2003

Legal Domicile

Principal Officer

MAELIA POST

Phone

6165347134

Tax Period

2024-08-01 to 2025-07-31

NEW LIFE THRIFT STORE, founded in 2003, is a small nonprofit in the Human Services sector that reported $445K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $409K left a modest 8% surplus.

Mission

THE PROCEEDS OF SALES FROM DONATED GOODS ARE USED TO ASSIST AREA PRIVATE SCHOOLS IN STAFF DEVELOPMENT, TUITION ASSISTANCE, NEW PROGRAMS AND TECHNOLOGY

Program Service Accomplishments

Program 1

Expenses: $399,441

WE SELL DONATED GOODS AND USE THE PROCEEDS TO REDUCE THE TUITION BURDEN FOR ALL FAMILIES WHO DESIRE A CHRISTIAN EDUCAATION FOR THEIR CHILDREN AT OUR SCHOOLS. THE MONIES AWARD ARE USED TO DIRECTLY...

WE SELL DONATED GOODS AND USE THE PROCEEDS TO REDUCE THE TUITION BURDEN FOR ALL FAMILIES WHO DESIRE A CHRISTIAN EDUCAATION FOR THEIR CHILDREN AT OUR SCHOOLS. THE MONIES AWARD ARE USED TO DIRECTLY REDUCE EXPENSES OR BE DISBURSED TO FAMILIES WHO QUALIFY FOR ADDTIONAL ASSISTANCE

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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 $441,359

Program Service Revenue $0

Investment Income $42

Other Revenue $3,708

TOTAL REVENUE $445,109

Expense Breakdown

Grants Paid $155,480

Salaries & Benefits $150,804

Fundraising Expenses $0

Program Expenses $399,441

Other Expenses $102,458

TOTAL EXPENSES $408,742

Year-over-Year Comparison

	2024	2023	Change
Revenue	$445,109	$402,294	+0.1%
Expenses	$408,742	$371,046	+0.1%
Net Income	$36,367	$31,248	+0.2%

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

180

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
MAELIA J POST	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES HEYBOER	PRESIDENT	2.00	Officer Director	$0	$0	$0
JERRY TEBOS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
NICOLE SCOTT	SECRETARY	2.00	Officer Director	$0	$0	$0
JIM MONSMA	DIRECTOR	15.00	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	$445,109	$408,742	$1,037,333	$36,367
2024	$402,294	$371,046	$1,008,376	$31,248
2023	$378,186	$340,933	$882,733	$37,253
2022	$355,880	$343,062	$850,507	$12,818
2021	$362,556	$369,543	$957,741	$-6,987
2020	$264,810	$201,570	$842,756	$63,240