CHERRYVILLE AREA MINISTRIES & THRIFT SHOP (EIN 561002225) - 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

1986

Legal Domicile

Principal Officer

MARTEL SIGMON

Phone

7044353816

Tax Period

2024-07-01 to 2025-06-30

CHERRYVILLE AREA MINISTRIES & THRIFT SHOP, founded in 1986, is a small nonprofit in the Human Services sector that reported $432K in total revenue in fiscal year 2024. The organization ran a surplus of $112K, a strong 26% operating margin.

Mission

TO PROVIDE TEMPORARY RELIEF TO FAMILIES IN EMERGENCY SITUATIONS BY PROVIDING CLOTHING, FOOD, UTILITIES, MEDICINE, GAS AND OTHER NECESSITIES, AND TO BE AN OUTLET FOR EXPENSIVE QUALITY USED CLOTHING. "TO SERVICE OUR COMMUNITY AS NEEDED" CURRENTLY ASSISTING IN CRISIS SITUATIONS.

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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 $128,257

Program Service Revenue $286,263

Investment Income $7,363

Other Revenue $10,120

TOTAL REVENUE $432,003

Expense Breakdown

Grants Paid $47,430

Salaries & Benefits $150,463

Fundraising Expenses $0

Program Expenses $275,899

Other Expenses $121,969

TOTAL EXPENSES $319,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$432,003	$446,839	0.0%
Expenses	$319,862	$327,628	0.0%
Net Income	$112,141	$119,211	-0.1%

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
MELINDA BEAM	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE GANTT	DIRECTOR	1.00	Director	$0	$0	$0
BERNICE HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JODY HAYES	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HOMESLEY	DIRECTOR	1.00	Director	$0	$0	$0
GINA MCCANTS	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MCDANIEL	SECRETARY	2.00	Officer Director	$0	$0	$0
MARTEL SIGMON	PRESIDENT	2.00	Officer Director	$0	$0	$0
SUZETTE SMITH	TREASURER	2.00	Officer Director	$0	$0	$0
BESS THORNBURG	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LISA TREADWAY	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL WALLS	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	$432,003	$319,862	$768,150	$112,141
2024	$446,839	$327,628	$669,159	$119,211
2023	$362,603	$295,379	$546,317	$67,224
2022	$332,780	$314,309	$472,850	$18,471
2021	$331,674	$299,603	$454,857	$32,071
2020	$296,014	$285,133	$418,409	$10,881
2019	$321,258	$318,222	$409,309	$3,036
2018	$333,551	$303,690	$409,948	$29,861

CHERRYVILLE AREA MINISTRIES & THRIFT SHOP