Thrift Shop Association of Ann Arbor (EIN 386099708) - 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

1938

Legal Domicile

Phone

7346626771

Tax Period

2024-08-01 to 2025-07-31

Thrift Shop Association of Ann Arbor, founded in 1938, is a small nonprofit in the Human Services sector that reported $731K in total revenue in fiscal year 2024.

Mission

To provide resources to cover the emergency housing, utility, health-related and food insecurity needs of area residents

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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 $224,964

Program Service Revenue $0

Investment Income $28,641

Other Revenue $477,789

TOTAL REVENUE $731,394

Expense Breakdown

Grants Paid $495,360

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $716,972

Other Expenses $235,539

TOTAL EXPENSES $730,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$731,394	$723,041	+0.0%
Expenses	$730,899	$751,002	0.0%
Net Income	$495	$-27,961	-1.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

351

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
Colleen Spencer	President	015.00	Officer Director	$0	$0	$0
Maureen Burns	President Elect	010.00	Officer Director	$0	$0	$0
Margaret Conger	Treasurer	015.00	Officer Director	$0	$0	$0
Laura Conlin	Recording Secretary	003.00	Officer Director	$0	$0	$0
Mary Beth Eagle	Corresponding Secretary	003.00	Officer Director	$0	$0	$0
Nancy Lynch	Director	005.00	Director	$0	$0	$0
Cindy Straub	Director	005.00	Director	$0	$0	$0
Betsy Blackmon	Director	003.00	Director	$0	$0	$0
Jill Johnson	Director	005.00	Director	$0	$0	$0
Sue Caplan	Director	015.00	Director	$0	$0	$0
Catherine Wagoner	Director	005.00	Director	$0	$0	$0
Sandall Bennett	Director	005.00	Director	$0	$0	$0
Carey Jernigan	Director	005.00	Director	$0	$0	$0
Christine Black	Director	005.00	Director	$0	$0	$0
Judy Waterston	Director	005.00	Director	$0	$0	$0
Janice Trouba	Tax Officer	002.00	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
2025	$731,394	$730,899	$1,068,022	$495
2024	$723,041	$751,002	$1,015,431	$-27,961
2023	$659,481	$658,254	$964,808	$1,227
2022	$618,625	$574,661	$931,839	$43,964
2021	$434,392	$344,733	$1,021,667	$89,659
2020	$437,607	$488,152	$765,504	$-50,545
2019	$605,287	$569,288	$794,989	$35,999

Thrift Shop Association of Ann Arbor