ADELANTE THRIFT INC (EIN 462032648) - 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

MICHAEL GOSSENAUER

Phone

9134997215

Tax Period

2023-01-01 to 2023-12-31

ADELANTE THRIFT INC, founded in 2013, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023.

Mission

ADELANTE THRIFT IS A NEIGHBORHOOD THRIFT STORE IN KANSAS CITY, KS THAT PROVIDES QUALITY SHOPPING EXPERIENCE, PROMOTES JOB CREATION AND SUPPORTS COMMUNITY TRANSFORMATION THROUGH ITS PROFITS.

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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 $0

Program Service Revenue $1,742,088

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,742,088

Expense Breakdown

Grants Paid $157,591

Salaries & Benefits $474,487

Fundraising Expenses $0

Program Expenses $1,679,671

Other Expenses $1,116,349

TOTAL EXPENSES $1,748,427

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,742,088	$1,617,458	+0.1%
Expenses	$1,748,427	$1,658,098	+0.1%
Net Income	$-6,339	$-40,640	-0.8%

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

3115

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
ELENA CHAN	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL GOSSENAUER	CHAIR PERSON	1.00	Officer Director	$0	$0	$0
GRADY HAWLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN MORRILL	SECRETARY	1.00	Officer Director	$0	$0	$0
LORI WETMORE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID ROBERSON	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$1,742,088	$1,748,427	$216,007	$-6,339
2022	$1,617,458	$1,658,098	$220,486	$-40,640
2021	$1,547,974	$1,463,554	$255,188	$84,420
2020	$1,182,276	$1,225,893	$230,467	$-43,617
2019	$1,128,797	$1,115,709	$227,602	$13,088
2018	$949,811	$982,088	$222,434	$-32,277

ADELANTE THRIFT INC