THRIFTOLOGY 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

DERRICK MILLER

Phone

3302313847

Tax Period

2023-01-01 to 2023-12-31

THRIFTOLOGY INC, founded in 2016, is a community nonprofit in the Human Services sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 14% surplus.

Mission

A NON-PROFIT THRIFT STORE WITH A MISSION TO SERVE AT RISK CHILDREN AND ORPHANS IN OUR COMMUNITY, OUR NATION AND OUR WORLD.

Program Service Accomplishments

Program 1

Expenses: $2,787,921

A Thrift store that accepts donations of clothing and home goods from the public. Sells goods to support ministries that provide aid to orphans and at risk children.

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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 $3,101,580

Program Service Revenue $0

Investment Income $2,119

Other Revenue $211,545

TOTAL REVENUE $3,315,244

Expense Breakdown

Grants Paid $182,800

Salaries & Benefits $1,695,843

Fundraising Expenses $0

Program Expenses $2,787,921

Other Expenses $968,965

TOTAL EXPENSES $2,847,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,315,244	$2,087,376	+0.6%
Expenses	$2,847,608	$2,054,799	+0.4%
Net Income	$467,636	$32,577	+13.4%

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

N/A

Employees

Volunteers

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
BRENT MILLER	Chairman	2.00	Officer Director	$0	$0	$0
JARED COBLENTZ	Secretary	2.00	Officer Director	$0	$0	$0
DERRICK MILLER	Treasurer	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	$3,315,244	$2,847,608	$1,545,530	$467,636
2022	$2,087,376	$2,054,799	$901,394	$32,577
2021	$1,716,371	$1,324,294	$865,769	$392,077
2020	$938,912	$792,787	$580,965	$146,125
2019	$523,090	$454,356	$261,801	$68,734
2018	$475,903	$400,958	$180,600	$74,945