ATLANTIC COMMUNITY THRIFT SHOP

EIN: 510314376 501(c)(3)

OCEAN VIEW, DE

Total Revenue
$409,083
Total Expenses
$519,999
Total Assets
$929,585
Net Assets
$929,585
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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

Legal Domicile
DE
Principal Officer
KAREN LESPERANCE
Phone
3025393513
Tax Period
2024-05-01 to 2025-04-30

ATLANTIC COMMUNITY THRIFT SHOP is a small nonprofit that reported $409K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $520K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO AID PERSONS AND OR ORGANIZATIONS IN NEED WITHIN THE COMMUNITY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $397,302
Program Service Revenue $0
Investment Income $11,781
Other Revenue $0
TOTAL REVENUE $409,083

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $383,986
Other Expenses $519,999
TOTAL EXPENSES $519,999

Year-over-Year Comparison

2024 2023 Change
Revenue $409,083 $467,000 -0.1%
Expenses $519,999 $423,573 +0.2%
Net Income $-110,916 $43,427 -3.6%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
20

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
K LESPERANCE PRESIDENT 7
Officer
$0 $0 $0
ANNE GREEN VICE PRESIDENT 4
Officer
$0 $0 $0
MARCY FERENCE SECRETARY 4
Officer
$0 $0 $0
LISA LARSEN TREASURER 4
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
2025 $409,083 $519,999 $929,585 $-110,916
2024 $467,000 $423,573 $1,040,501 $43,427
2023 $457,183 $423,157 $997,074 $34,026
2022 $405,925 $324,602 $963,048 $81,323
2021 $270,541 $275,075 $881,725 $-4,534
2020 $305,183 $382,916 $886,259 $-77,733
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