SECOND SOURCE THRIFT STORE (EIN 621419841) - 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

2004

Legal Domicile

Phone

8655566422

Tax Period

2024-01-01 to 2024-12-31

SECOND SOURCE THRIFT STORE, founded in 2004, is a small nonprofit in the Human Services sector that reported $676K in total revenue in fiscal year 2024.

Mission

SECOND SOURCE THRIFT STORE PROVIDES RELIEF TO RESIDENTS OF THE JEFFERSON CITY, TN AREA BY MAKING DONATED GOOD,(CLOTHES, FURNITURE, ETC) AVAILABLE TO CUSTOMERS AT AFFORDABLE PRICES AND BY PROVIDING FINANCIAL SUPPORT TO OTHER POVERTY RELIEF MINISTRIES.

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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 $7,000

Program Service Revenue $0

Investment Income $0

Other Revenue $669,351

TOTAL REVENUE $676,351

Expense Breakdown

Grants Paid $117,600

Salaries & Benefits $424,877

Fundraising Expenses $0

Program Expenses $659,436

Other Expenses $116,959

TOTAL EXPENSES $659,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$676,351	$684,824	0.0%
Expenses	$659,436	$650,833	+0.0%
Net Income	$16,915	$33,991	-0.5%

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
JEAN ANN WASHAM	CHAIRPERSON	20.00	Officer	$0	$0	$0
DAN ODONIVAN	VICE PRESIDENT	15.00	Officer	$0	$0	$0
CAROL MELTON	SECRETARY	15.00	Officer	$0	$0	$0
MARY P HENSLEY	TREASURER	15.00	Officer	$0	$0	$0
PHIL KINDRED	DIRECTOR	5.00	Officer	$0	$0	$0
LISA WILLIAMS	DIRECTOR	5.00	Officer	$0	$0	$0
MARY E DARBY	DIRECTOR	5.00	Officer	$0	$0	$0
DONALD C MEASELS	DIRECTOR	5.00	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	$676,351	$659,436	$1,176,794	$16,915
2023	$684,824	$650,833	$1,159,879	$33,991
2022	$597,615	$531,550	$1,125,888	$66,065
2020	$427,186	$404,115	$1,059,823	$23,071

SECOND SOURCE THRIFT STORE