ASBURY THRIFT STORE INC

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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

WANDA MYERS

Phone

2564640460

Tax Period

2023-01-01 to 2023-12-31

ASBURY THRIFT STORE INC, founded in 1999, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 14% surplus.

Mission

PROVIDE FINANCIAL ASSISTANCE TO LOCAL CHARITABLE ORGANIZATIONS

Program Service Accomplishments

Program 1

Expenses: $1,115,491 Revenue: $1,262,929

THE ORGANIZATION OPERATES A THRIFT STORE AND, THEREFORE, DOES NOT ENGAGE IN SEPARATE, DISTINGUISHABLE PROGRAM SERVICES. REVENUES ARE GENERATED FROM THE SALE OF GOODS DONATED TO THE ORGANIZATION BY...

THE ORGANIZATION OPERATES A THRIFT STORE AND, THEREFORE, DOES NOT ENGAGE IN SEPARATE, DISTINGUISHABLE PROGRAM SERVICES. REVENUES ARE GENERATED FROM THE SALE OF GOODS DONATED TO THE ORGANIZATION BY THE GENERAL PUBLIC. THE INCOME FROM OPERATIONS IS USED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND REGULATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,262,929

Investment Income $53,182

Other Revenue $847

TOTAL REVENUE $1,316,958

Expense Breakdown

Grants Paid $162,452

Salaries & Benefits $662,489

Fundraising Expenses $0

Program Expenses $1,115,491

Other Expenses $311,152

TOTAL EXPENSES $1,136,093

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,316,958	$1,372,696	0.0%
Expenses	$1,136,093	$1,154,792	0.0%
Net Income	$180,865	$217,904	-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

Employees

Volunteers

160

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
WANDA MYERS	TREASURER	2.00	Officer	$0	$0	$0
MILES PARMENTER	PRESIDENT	2.00	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	No data	No data	No data	No data
2023	$1,316,958	$1,136,093	$3,185,412	$180,865
2022	$1,372,696	$1,154,792	$3,005,522	$217,904
2021	$1,602,848	$1,161,880	$2,796,336	$440,968
2020	$1,332,469	$1,101,500	$2,356,155	$230,969
2019	$1,506,292	$1,195,185	$2,122,669	$311,107
2018	$1,266,730	$1,144,793	$1,803,984	$121,937