NEARLY NEW THRIFT SHOP OF THE MORS… - Form 990 Financial Data

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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

1987

Legal Domicile

Phone

5614715111

Tax Period

2024-06-01 to 2025-05-31

NEARLY NEW THRIFT SHOP OF THE MORSE GERIATRIC CENTER INC, founded in 1987, is a small nonprofit in the Human Services sector that reported $872K in total revenue in fiscal year 2024. The organization ran a surplus of $358K, a strong 41% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO RAISE FUNDS FOR RELATED 501(C)(3) ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $414,719

THIS ORGANIZATION IS A THRIFT STORE THAT RECEIVES USED ITEMS FOR RESALE. THE PROFITS ARE DISTRIBUTED TO OTHER RELATED 501(C)(3) ORGANIZATIONS. THE THRIFT SHOP SERVED APPROXIMATELY 15,712 CUSTOMERS...

THIS ORGANIZATION IS A THRIFT STORE THAT RECEIVES USED ITEMS FOR RESALE. THE PROFITS ARE DISTRIBUTED TO OTHER RELATED 501(C)(3) ORGANIZATIONS. THE THRIFT SHOP SERVED APPROXIMATELY 15,712 CUSTOMERS DURING THE FISCAL YEAR.

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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 $835,900

Program Service Revenue $0

Investment Income $35,792

Other Revenue $0

TOTAL REVENUE $871,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,511

Fundraising Expenses $0

Program Expenses $414,719

Other Expenses $304,791

TOTAL EXPENSES $513,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$871,692	$816,334	+0.1%
Expenses	$513,302	$505,704	+0.0%
Net Income	$358,390	$310,630	+0.2%

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

N/A

Employees

N/A

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
CAROL CRAWFORD	TREASURER/SECRETARY	2.0	Officer Director	$0	$0	$0
DAVID MACK	CHAIRMAN	2.0	Officer Director	$0	$0	$0
JEAN SHARF	VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
KEITH MYERS	CEO, PRESIDENT	2.0	Officer Director	$0	$0	$0
RANDY WOLAN	CFO	2.0	Officer Director	$0	$0	$0
TERRI SRIBERG	VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
ARTHUR LORING	DIRECTOR	2.0	Director	$0	$0	$0
EDWARD PANTZER	DIRECTOR	2.0	Director	$0	$0	$0
JOSEPH JACOB	DIRECTOR	2.0	Director	$0	$0	$0
MICHAEL MARGOLIS	DIRECTOR	2.0	Director	$0	$0	$0
MITCHELL RUBENSTEIN	DIRECTOR	2.0	Director	$0	$0	$0
PENNI WEINBERG	DIRECTOR	2.0	Director	$0	$0	$0
ROBERT JAFFE	DIRECTOR	2.0	Director	$0	$0	$0
SANFORD SIRULNICK	DIRECTOR	2.0	Director	$0	$0	$0
STANLEY KATZ	DIRECTOR	2.0	Director	$0	$0	$0
STEPHEN LEVIN	DIRECTOR	2.0	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	$871,692	$513,302	$2,693,423	$358,390
2024	$816,334	$505,704	$2,664,498	$310,630
2023	$811,021	$491,861	$2,636,765	$319,160
2022	$780,156	$490,239	$2,323,005	$289,917
2021	$696,074	$486,402	$2,341,509	$209,672
2020	$465,577	$399,543	$2,103,058	$66,034
2019	$487,824	$404,451	$2,061,476	$83,373
2018	$513,229	$355,781	$2,069,871	$157,448

NEARLY NEW THRIFT SHOP OF THE MORSE GERIATRIC CENTER INC