BORN AGAIN BARGAINS INC (EIN 810852392) - 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

2015

Legal Domicile

Principal Officer

KATHRYN A MCNAIR

Phone

6016560019

Tax Period

2023-01-01 to 2023-12-31

BORN AGAIN BARGAINS INC, founded in 2015, is a micro nonprofit in the Human Services sector that reported $74K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

THE RESALE STORE WAS GIVEN BIRTH AFTER THE OUTCRY OF THE COMMUNITY WAS HEARD WANTING THIS TYPE OF STORE BACK. SO IT WAS GIVEN THE NAME BORN AGAIN BARGAINS OF PHILADELPHIA INC. THE NAME NOT ONLY REFLECTS THE REBIRTH OF A STORE BUT REFLECTS OUR STAND WITH THE LORD JESUS CHRIST. WE BELIEVE THAT JESUS IS GOD IN HUMAN FORM AND THAT HE DIED ON THE CROSS TO PAY THE PENALTY FOR OUR SINS. GOD INCARNATE IS THE ONLY PAYMENT AND ON THE THIRD DAY JESUS WAS RESURRECTED AS A GUARANTEE THAT WE WILL HAVE ETERNAL LIFE AFTER DEATH. AS WE ANSWER THE CALLS WE ARE WITNESSING OUR BELIEF. THE NAME ALSO SYMBOLIZES THE ITEMS THAT ARE UNWANTED OR NO LONGER NEEDED THAT BECOME BORN AGAIN BY OTHERS WHO VALUE IT. AND LASTLY, THAT THERE WILL BE BORN AGAIN HOPE IN THOSE WHO ARE IN NEED IN TIMES OF DARKNESS. WE ARE LOCALLY AND PRIVATELY OWNED, A NONPROFIT MINISTRY THAT IS DEDICATED TO THE PURPOSE AND GOAL OF SERVING THIS COMMUNITY TO THE BEST OF OUR ABILITY ALONG WITH YOUR HELP. OUR FOCUS IS TO PROVIDE SOMETHING FOR EV

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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 $111,716

Program Service Revenue $0

Investment Income $0

Other Revenue $-38,058

TOTAL REVENUE $73,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,858

Fundraising Expenses $0

Program Expenses $39,716

Other Expenses $30,416

TOTAL EXPENSES $76,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,658	$84,898	-0.1%
Expenses	$76,274	$80,552	-0.1%
Net Income	$-2,616	$4,346	-1.6%

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

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

$25,934

Total Directors

$25,934

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN A MCNAIR	PRESIDENT	30.00	Officer Director	$25,934	$0	$25,934
JUDY ROBERTSON	TREASURER	2.00	Officer Director	$0	$0	$0
FRANCES MORRIS	VICE PRESIDE	2.00	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	No data	No data	No data	No data
2023	$73,658	$76,274	$26,805	$-2,616
2022	$84,898	$80,552	$30,481	$4,346
2021	$116,497	$105,279	$29,045	$11,218
2020	$99,047	$93,397	$17,166	$5,650
2019	$83,195	$84,080	$10,595	$-885
2018	$94,317	$96,565	$10,306	$-2,248

BORN AGAIN BARGAINS INC