GATHERINGS THRIFT (EIN 811315087) - 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

2016

Legal Domicile

Principal Officer

ALLESEN CORELLA

Phone

8054644483

Tax Period

2025-01-01 to 2025-12-31

GATHERINGS THRIFT, founded in 2016, is a small nonprofit in the Human Services sector that reported $268K in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $237K left a modest 12% surplus.

Mission

TO CONDUCT BUSINESS AS A THRIFT STORE WHERE EVERY PURCHASE IS A GIFT BACK TO THE COMMUNITY BY GIVING THE PROFITS TO LOCAL CHARITIES AND DONATIONS TO THE LOCAL COMMUNITIES

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,498

Program Service Revenue $0

Investment Income $3,672

Other Revenue $262,756

TOTAL REVENUE $267,926

Expense Breakdown

Grants Paid $5,188

Salaries & Benefits $165,826

Fundraising Expenses $0

Program Expenses $234,538

Other Expenses $66,027

TOTAL EXPENSES $237,041

Year-over-Year Comparison

	2025	2024	Change
Revenue	$267,926	$248,019	+0.1%
Expenses	$237,041	$284,345	-0.2%
Net Income	$30,885	$-36,326	-1.9%

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

Governance

Voting Members

N/A

Independent Members

N/A

Employees

N/A

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
PHIL KEOHEN	PRESIDENT	1.0	Officer	$0	$0	$0
TERESA FARRIS	SECRETARY	1.0	Officer	$0	$0	$0
JULIE SMITH	TREASURER	1.0	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
2025	$267,926	$237,041	$171,247	$30,885
2024	No data	No data	No data	No data
2023	$273,653	$299,660	$132,822	$-26,007
2022	$287,546	$276,206	$137,070	$11,340
2021	$293,877	$240,368	$131,141	$53,509
2020	$239,340	$209,489	$77,632	$29,851
2019	$198,712	$194,353	$54,794	$4,359

GATHERINGS THRIFT