Steeple People Thrift Store

EIN: 411359864 501(c)(3)

Minneapolis, MN

Total Revenue
$253,567
Total Expenses
$242,398
Total Assets
$142,656
Net Assets
$122,423
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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
1979
Legal Domicile
MN
Principal Officer
Paula Gilbertson
Phone
6128718305
Tax Period
2024-01-01 to 2024-12-31

Steeple People Thrift Store, founded in 1979, is a small nonprofit that reported $254K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $242K left a modest 4% surplus.

Mission

We solicit receive and resell personal household goods and clothing Proceeds are used to cover operating costs and provide small donations

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $251,500
Investment Income $2,067
Other Revenue $0
TOTAL REVENUE $253,567

Expense Breakdown

Grants Paid $0
Salaries & Benefits $122,883
Fundraising Expenses $0
Program Expenses $242,382
Other Expenses $119,515
TOTAL EXPENSES $242,398

Year-over-Year Comparison

2024 2023 Change
Revenue $253,567 $226,278 +0.1%
Expenses $242,398 $243,073 0.0%
Net Income $11,169 $-16,795 -1.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
250

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDA LEWIS President 0.00
Officer Director
$0 $0 $0
JIM STEPHENSEN Vice President 0.00
Officer Director
$0 $0 $0
PAULA GILBERTSON Treasurer 0.00
Officer Director
$0 $0 $0
ANNE LIPPIN Secretary 0.00
Officer Director
$0 $0 $0
ERIK ANDERSON director 0.00
Director
$0 $0 $0
JAIME HAIKENSEN director 0.00
Director
$0 $0 $0
TONY LAWRENCE Director 0.00
Director
$0 $0 $0
EMILY BARKER Director 0.00
Director
$0 $0 $0
DEB GREEN director 0.00
Director
$0 $0 $0
LAURA HANNAH Director 0.00
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 $253,567 $242,398 $142,656 $11,169
2023 $226,278 $243,073 $133,218 $-16,795
2022 $275,341 $262,239 $138,927 $13,102
2021 $260,916 $285,985 $142,410 $-25,069
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