HOPE MISSION 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

2016

Legal Domicile

Principal Officer

JOHN SOTIRKYS

Phone

2522402359

Tax Period

2024-01-01 to 2024-12-31

HOPE MISSION THRIFT STORE INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $618K in total revenue in fiscal year 2024.

Mission

TO ADDRESS THE NEEDS OF POVERTY, HOMELESSNESS, AND SUBSTANCE ABUSE IN EASTERN NC THROUGH THE THRIFT STORE MINISTRY

Program Service Accomplishments

Program 1

Expenses: $471,968 Revenue: $586,305

THE THRIFT STORE HELPED OVER 124 FAMILIES IN 2024 WITH FREE CLOTHING, FURNITURE,AND HOUSEHOLD GOODS THROUGH THE THRIFT STORE MINISTRY

Program 2

Expenses: $135,000

GRANT PROVIDED TO THE HOPE MISSION FOUNDATION FOR USE TOWARDS THEIR CHARITABLE PURPOSE

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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 $31,566

Program Service Revenue $586,305

Investment Income $0

Other Revenue $0

TOTAL REVENUE $617,871

Expense Breakdown

Grants Paid $135,000

Salaries & Benefits $407,217

Fundraising Expenses $0

Program Expenses $606,968

Other Expenses $135,741

TOTAL EXPENSES $677,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$617,871	$592,140	+0.0%
Expenses	$677,958	$591,805	+0.1%
Net Income	$-60,087	$335	-180.4%

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

750

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
JEFF BARAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS BARBER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
WILLIAM DUPREE	DIRECTOR	1.00	Director	$0	$0	$0
SHARON GARNER	SECRETARY	1.00	Officer Director	$0	$0	$0
SHERRY HUNT	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN JONES	DIRECTOR	1.00	Director	$0	$0	$0
NATE LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MCFAYDEN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MCINTYRE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD G MCLENDON	EXECUTIVE DI	5.00	Director	$0	$0	$0
RICH MOREAU	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SOTIRKYS	CEO	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	$617,871	$677,958	$102,253	$-60,087
2023	$592,140	$591,805	$162,340	$335
2022	$470,948	$416,130	$168,703	$54,818
2021	$404,033	$361,846	$118,437	$42,187
2020	$257,768	$244,113	$68,372	$13,655