GUARDIAN ANGEL THRIFT INC (EIN 562226170) - 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

1999

Legal Domicile

Principal Officer

MARIE LYNETTE SOMERS

Phone

9195678152

Tax Period

2024-01-01 to 2024-12-31

GUARDIAN ANGEL THRIFT INC, founded in 1999, is a community nonprofit in the Human Services sector that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. Expenses of $4.7M left a modest 6% surplus.

Mission

SUPPORT ALZHEIMER'S RESEARCH AND TO PROVIDE JOBS TO SENIOR CITIZENS AND TO DISADVANTAGED PERSONS WHO NEED EMPLOYMENT.

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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 $2,475,227

Program Service Revenue $0

Investment Income $63,441

Other Revenue $2,462,226

TOTAL REVENUE $5,000,894

Expense Breakdown

Grants Paid $51,500

Salaries & Benefits $1,261,402

Fundraising Expenses $0

Program Expenses $4,537,174

Other Expenses $3,364,508

TOTAL EXPENSES $4,677,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,000,894	$2,388,139	+1.1%
Expenses	$4,677,410	$2,440,398	+0.9%
Net Income	$323,484	$-52,259	-7.2%

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
CHRIS ABBOT	DIRECTOR	N/A	Director	$0	$0	$0
BERNADETTE BURNETTE	DIRECTOR	N/A	Director	$0	$0	$0
NELSA COX	CHAIR	N/A	Director	$0	$0	$0
LYNANNE FOWLE	DIRECTOR	N/A	Director	$0	$0	$0
TAMMY HAYES	DIRECTOR	N/A	Director	$0	$0	$0
PAUL MULVEY	DIRECTOR	N/A	Director	$0	$0	$0
LISA SCHREINER	VICE CHAIR-S	N/A	Director	$0	$0	$0
LINDA STEPHENS	DIRECTOR	N/A	Director	$0	$0	$0
SHARI STOCKS	DIRECTOR	N/A	Director	$0	$0	$0
JOHN MARK DANIELS	OPERATIONS M	N/A	Officer	$0	$0	$0
MARIE LYNETTE SOMERS	EXECUTIVE DI	N/A	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
2024	$5,000,894	$4,677,410	$1,762,312	$323,484
2023	$2,388,139	$2,440,398	$1,439,797	$-52,259
2022	$2,782,039	$2,674,613	$1,507,526	$107,426
2021	$2,673,935	$2,417,092	$1,635,752	$256,843
2020	$2,021,934	$2,046,663	$1,324,140	$-24,729
2019	$2,370,302	$2,218,792	$1,162,717	$151,510
2018	$2,225,755	$2,119,569	$1,009,294	$106,186

GUARDIAN ANGEL THRIFT INC