Steeple People 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

1979

Legal Domicile

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 clothing and personal household goods at reasonable prices in an area that has few choices for quality goods and clothing. We focus on reducing waste and reusing goods.

Program Service Accomplishments

Program 1

Expenses: $242,382 Revenue: $253,566

We organize and run a small thrift store in our neighborhood. We serve as a community space and involve volunteers in all aspects of the organization. We focus on the values of reuse & encouraging...

We organize and run a small thrift store in our neighborhood. We serve as a community space and involve volunteers in all aspects of the organization. We focus on the values of reuse & encouraging volunteers

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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 $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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
BRENDA LEWIS	President	Officer Director	$0	$0	$0
JIM STEPHENSEN	Vice President	Officer Director	$0	$0	$0
PAULA GILBERTSON	Treasurer	Officer Director	$0	$0	$0
ANNE LIPPIN	Secretary	Officer Director	$0	$0	$0
ERIK ANDERSON	director	Director	$0	$0	$0
JAIME HAIKENSEN	director	Director	$0	$0	$0
TONY LAWRENCE	Director	Director	$0	$0	$0
EMILY BARKER	Director	Director	$0	$0	$0
DEB GREEN	director	Director	$0	$0	$0
LAURA HANNAH	Director	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