INJOY THRIFT GOLDSBORO INC

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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

2015

Legal Domicile

Principal Officer

John Coulter

Phone

9199475749

Tax Period

2025-01-01 to 2025-12-31

INJOY THRIFT GOLDSBORO INC, founded in 2015, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION OEPRATES A THRIFT STORE THAT RECEIVES DONATED CLOTHES AND HOUSEHOLD GOODS FOR THE BENEFIT OF LOCAL AND INTERNATIONAL CHRISTIAN MINISTRIES.

Program Service Accomplishments

Program 1

Expenses: $868,446 Revenue: $1,111,399

THE ORGANIZATION OPERATES A THRIFT STORE IN GOLDSBORO, NC WHICH RECEIVES, PROCESSES, AND SELLS DONATED GOODS PROVIDED BY DONORS IN WAYNE AND SURROUNGDING COUNTIES. THE THRIFT STORE PROVIDES...

THE ORGANIZATION OPERATES A THRIFT STORE IN GOLDSBORO, NC WHICH RECEIVES, PROCESSES, AND SELLS DONATED GOODS PROVIDED BY DONORS IN WAYNE AND SURROUNGDING COUNTIES. THE THRIFT STORE PROVIDES AFFORDABLE CLOTHING AND HOUSEHOLD GOODS TO LOCAL CUSTOMERS WHICH PROVIDES FUNDING TO SUPPORT LOCAL AND INTERNATIONAL CHRISTIAN MINISTRIES.

Program 2

Expenses: $0 Revenue: $0

N/A

Program 3

Expenses: $0 Revenue: $0

N/A

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,111,399

Program Service Revenue $0

Investment Income $1,031

Other Revenue $0

TOTAL REVENUE $1,112,430

Expense Breakdown

Grants Paid $158,137

Salaries & Benefits $594,054

Fundraising Expenses $49,563

Program Expenses $868,446

Other Expenses $354,845

TOTAL EXPENSES $1,107,036

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,112,430	$932,978	+0.2%
Expenses	$1,107,036	$970,704	+0.1%
Net Income	$5,394	$-37,726	-1.1%

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
JOHN COULTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
RAYMOND DECK	SECRETARY	1.00	Officer Director	$0	$0	$0
DEBBIE SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
JESSE SMITH	DIRECTOR	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
2025	$1,112,430	$1,107,036	$164,482	$5,394
2024	$932,978	$970,704	$151,938	$-37,726
2023	$934,887	$970,216	$183,001	$-35,329
2022	$941,704	$942,522	$178,446	$-818
2021	$809,040	$720,723	$177,037	$88,317
2020	$612,286	$494,807	$171,266	$117,479
2020	$612,286	$455,862	$210,211	$156,424
2019	$539,679	$495,639	$152,117	$44,040
2018	$486,300	$423,527	$187,130	$62,773