THE ABBOTS THRIFT INC (EIN 731643376) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

TERENCE L ADAMS

Phone

8313350606

Tax Period

2024-01-01 to 2024-12-31

THE ABBOTS THRIFT INC, founded in 2002, is a community nonprofit in the Religion sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE ABBOTS THRIFT IS AN OUTREACH MINISTRY TO THE PEOPLE OF SANTA CRUZ COUNTY. THEY SUPPORT FAMILIES, SCHOOLS AND OTHER COMMUNITY NEEDS THROUGH PROVIDING LOW COST GOODS, GIFTS OF MERCHANDISE AND FINANCIAL SUPPORT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,729,848

Investment Income $32,387

Other Revenue $-170,109

TOTAL REVENUE $1,592,126

Expense Breakdown

Grants Paid $754,001

Salaries & Benefits $716,188

Fundraising Expenses $0

Program Expenses $1,471,442

Other Expenses $244,227

TOTAL EXPENSES $1,714,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,592,126	$1,391,575	+0.1%
Expenses	$1,714,416	$1,039,557	+0.6%
Net Income	$-122,290	$352,018	-1.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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
TERENCE L ADAMS	PRESIDENT	45.00	Officer Director	$0	$0	$0
DIANA L ADAMS	SECRETARY	20.00	Officer Director	$0	$0	$0
JOSHUA DINGMAN	CHIEF FINANCIAL OFFICER	0.00	Officer 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
2024	$1,592,126	$1,714,416	$1,511,466	$-122,290
2023	$1,391,575	$1,039,557	$1,633,756	$352,018
2022	$1,596,095	$1,322,400	$1,215,914	$273,695
2021	$1,786,020	$1,720,498	$942,219	$65,522
2020	$742,353	$538,715	$897,272	$203,638
2019	$767,307	$749,269	$693,691	$18,038
2018	$708,771	$665,366	$671,277	$43,405

THE ABBOTS THRIFT INC