NEW LIFE THRIFT STORE (EIN 383690590) - Form 990 Financial Analysis & Trantor Score

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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

2023-08-01 to 2024-07-31

NEW LIFE THRIFT STORE, founded in 2003, is a small nonprofit in the Human Services sector that reported $402K in total revenue in fiscal year 2023. Expenses of $371K left a modest 8% surplus.

Mission

SALES PROCEEDS FROM DONATED GOODS HELP LOWER TUITION AT THE SOUTH SUBURBAN CHRISTIAN SCHOOLS

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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 $407,214

Program Service Revenue $0

Investment Income $2,525

Other Revenue $-7,445

TOTAL REVENUE $402,294

Expense Breakdown

Grants Paid $151,840

Salaries & Benefits $122,258

Fundraising Expenses $0

Program Expenses $359,914

Other Expenses $96,948

TOTAL EXPENSES $371,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$402,294	$378,186	+0.1%
Expenses	$371,046	$340,933	+0.1%
Net Income	$31,248	$37,253	-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

200

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	2.000	Officer Director	$0	$0	$0
JAMES HEYBOER	PRESIDENT	3.000	Officer Director	$0	$0	$0
JERRY TEBOS	VICE PRESIDENT	3.000	Officer Director	$0	$0	$0
NICOLE SCOTT	SECRETARY	1.000	Officer Director	$0	$0	$0
JIM MONSMA	DIRECTOR	10.00	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
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

NEW LIFE THRIFT STORE