THE PROP SHOP OF EDEN PRAIRIE

EIN: 721621252 501(c)(3) Philanthropy & Grantmaking

EDEN PRAIRIE, MN

Total Revenue
$2,427,895
Total Expenses
$2,325,291
Total Assets
$2,173,604
Net Assets
$2,057,198
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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
2006
Legal Domicile
MN
Principal Officer
CYNTHIA EDDY
Phone
9529342323
Tax Period
2024-01-01 to 2024-12-31

THE PROP SHOP OF EDEN PRAIRIE, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.3M left a modest 4% surplus.

Mission

THE PROP SHOP'S MISSION IS TO PROVIDE BASIC SUPPORT FOR FAMILIES IN NEED THROUGH VOLUNTEERS, COMMUNITY, AND OTHER ORGANIZATIONS. IT PROVIDES FREE CLOTHING, HOUSEHOLD GOODS, AND FURNITURE TO LOW-INCOME FAMILIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,428,715
Program Service Revenue $0
Investment Income $5,473
Other Revenue $-6,293
TOTAL REVENUE $2,427,895

Expense Breakdown

Grants Paid $988,290
Salaries & Benefits $944,207
Fundraising Expenses $61,599
Program Expenses $2,101,341
Other Expenses $392,794
TOTAL EXPENSES $2,325,291

Year-over-Year Comparison

2024 2023 Change
Revenue $2,427,895 $2,124,401 +0.1%
Expenses $2,325,291 $2,179,358 +0.1%
Net Income $102,604 $-54,957 -2.9%
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

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Governance

Voting Members
8
Independent Members
7
Employees
18
Volunteers
424

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
5
$67,857
Total Directors
8
$67,857
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA EDDY EXECUTIVE DI 40.00
Officer Director
$66,527 $1,330 $67,857
KATHY EDUCATE PRESIDENT 2.00
Officer Director
$0 $0 $0
ANNE BYRNE VICE PRESIDE 2.00
Officer Director
$0 $0 $0
BARB SCRIMGEOUR SECRETARY 2.00
Officer Director
$0 $0 $0
LISA TOOMEY TREASURER 2.00
Officer Director
$0 $0 $0
SHARON PETERSON BOARD MEMBER 2.00
Director
$0 $0 $0
MARY MACKMILLER BOARD MEMBER 2.00
Director
$0 $0 $0
SUSAN WEAVER BOARD MEMBER 2.00
Director
$0 $0 $0
VICTORIA BOMBEN OPERATIONS M 40.00
Highest
$131,000 $2,620 $133,620
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 $2,427,895 $2,325,291 $2,173,604 $102,604
2023 $2,124,401 $2,179,358 $2,071,217 $-54,957
2022 $1,981,581 $1,972,913 $2,094,640 $8,668
2021 $1,983,377 $1,783,631 $2,074,814 $199,746
2020 $1,793,093 $1,640,966 $1,957,354 $152,127
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