GOOD STUFF THRIFT INC (EIN 460882455) - 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

2013

Legal Domicile

Principal Officer

THOMAS E HUDSON

Phone

2674547951

Tax Period

2024-01-01 to 2024-12-31

GOOD STUFF THRIFT INC, founded in 2013, is a community nonprofit in the Human Services sector that reported $7.0M in total revenue in fiscal year 2024.

Mission

Our mission is to operate the most efficient thrift stores possible in order to maximize funding to our charities so they can help children in our community. We have been blessed to employ people in recovery, to provide jobs and volunteer opportunities for special needs individuals and opportunities for people in the community to volunteer, so they can contribute to helping kids. We provide low-cost, quality merchandise for our shoppers while reusing, repurposing, and recycling items to help keep our community green.

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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 $7,661

Program Service Revenue $6,996,877

Investment Income $18,451

Other Revenue $4,101

TOTAL REVENUE $7,027,090

Expense Breakdown

Grants Paid $942,182

Salaries & Benefits $3,580,210

Fundraising Expenses $46,345

Program Expenses $6,208,776

Other Expenses $2,388,653

TOTAL EXPENSES $6,911,045

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,027,090	$6,808,491	+0.0%
Expenses	$6,911,045	$6,562,034	+0.1%
Net Income	$116,045	$246,457	-0.5%

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

226

Volunteers

260

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
THOMAS E HUDSON	Executive Dir.	30.00	Officer Director	$0	$0	$0
STEVE FORTNER	Secretary	5.00	Director	$0	$0	$0
JAMES FLEMMING	Treasurer	5.00	Director	$0	$0	$0
MELISSA ALLEN	Director	5.00	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	$7,027,090	$6,911,045	$2,102,606	$116,045
2023	$6,808,491	$6,562,034	$2,010,693	$246,457
2022	$5,450,791	$5,746,546	$1,787,847	$-295,755
2021	$5,010,177	$4,230,119	$2,101,495	$780,058
2020	$3,503,035	$3,313,369	$1,101,564	$189,666
2019	$3,406,701	$3,183,207	$911,898	$223,494
2018	$2,942,282	$2,855,773	$688,404	$86,509

GOOD STUFF THRIFT INC