Threads of Hope Thrift Store Inc (EIN 452652221) - 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

2011

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Threads of Hope Thrift Store Inc, founded in 2011, is a small nonprofit in the Youth Development sector that reported $849K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $753K left a modest 11% surplus.

Mission

The purpose of the corporation is to assist the various law enforcement and child welfare agencies of the State of Tennessee and Cumberland County, as well as to educate and inform the public of Cumberland County, Tennessee, and its environs, as to how to recognize, prevent, prot

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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 $839,968

Program Service Revenue $0

Investment Income $0

Other Revenue $9,000

TOTAL REVENUE $848,968

Expense Breakdown

Grants Paid $68,342

Salaries & Benefits $449,782

Fundraising Expenses $0

Program Expenses $565,995

Other Expenses $234,831

TOTAL EXPENSES $752,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$848,968	$919,190	-0.1%
Expenses	$752,955	$705,701	+0.1%
Net Income	$96,013	$213,489	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donna Evans	Member	1.00	Director	$0	$0	$0
Denise Melton	Executive Director	10.00	Director	$0	$0	$0
LuAnn Patterson	Treasurer	5.00	Officer	$0	$0	$0
Sara Bradshaw	President	1.00	Officer	$0	$0	$0
Zoe Clark	Secretary	1.00	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
2024	No data	No data	No data	No data
2023	$848,968	$752,955	$1,313,188	$96,013
2022	$919,190	$705,701	$1,473,196	$213,489
2021	$751,338	$547,844	$1,278,132	$203,494
2020	$458,046	$524,789	$851,657	$-66,743
2019	$891,449	$665,705	$736,422	$225,744

Threads of Hope Thrift Store Inc