DEPOT OUTLET INC (EIN 421005989) - 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

1973

Legal Domicile

Principal Officer

SUE SNELL

Phone

5633822700

Tax Period

2023-01-01 to 2023-12-31

DEPOT OUTLET INC, founded in 1973, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Expenses of $2.0M left a modest 6% surplus.

Mission

1.TO ENCOURAGE AND ASSIST GENEROUS AREA RESIDENTS IN RECYCLING THEIR DISCARDED CLOTHING AND SMALL HOUSEHOLD GOODS. 2.TO RECYCLE SUCH CLOTHING AND SMALL HOUSEHOLD GOODS AT LOW PRICES TO AREA CONSUMERS. 3.TO PROVIDE AREA RESIDENTS WITH OPPORTUNITIES TO VOLUNTEER THEIR SERVICES IN THE ORGANIZATION'S RECYCLING EFFORT. 4.TO PROVIDE AREA RESIDENTS WITH OPPORTUNITIES TO TRAIN AND WORK IN THE ORGANIZATION'S RECYCLING EFFORT. 5.TO CONTRIBUTE FUNDS FROM THIS ORGANIZATION'S RECYCLING EFFORT TO COMMUNITY AND CHURCH ORGANIZATIONS THROUGHOUT WINNESHIEK COUNTY.

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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 $1,035,918

Program Service Revenue $1,035,918

Investment Income $41,954

Other Revenue $1,710

TOTAL REVENUE $2,115,500

Expense Breakdown

Grants Paid $217,835

Salaries & Benefits $582,838

Fundraising Expenses $0

Program Expenses $890,036

Other Expenses $1,197,156

TOTAL EXPENSES $1,997,829

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,115,500	$2,098,581	+0.0%
Expenses	$1,997,829	$2,092,905	0.0%
Net Income	$117,671	$5,676	+19.7%

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

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

$51,998

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA O'MARA KELLY	STORE DIRECT	40.00	Officer	$50,504	$1,494	$51,998
NANCY BOLSON	DIRECTOR	1.00	Director	$0	$0	$0
SUE DARLING	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE FISHER	HISTORIAN	1.00	Director	$0	$0	$0
JO IVERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB KLIMESH	DIRECTOR	1.00	Director	$0	$0	$0
REG LAURSEN	DIRECTOR	1.00	Director	$0	$0	$0
SUE SNELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROL THUNBERG	DIRECTOR	1.00	Director	$0	$0	$0
LORRIE WANGSNESS	VICE PRESIDE	1.00	Officer 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	No data	No data	No data	No data
2023	$2,115,500	$1,997,829	$2,366,372	$117,671
2022	$2,098,581	$2,092,905	$1,914,433	$5,676
2021	$2,062,809	$1,906,406	$1,906,503	$156,403
2020	$1,451,059	$1,453,906	$1,743,435	$-2,847
2019	$1,797,850	$1,640,964	$1,739,779	$156,886
2018	$1,595,898	$1,429,060	$1,582,476	$166,838

DEPOT OUTLET INC