THE THRIFTY NICKEL INC

EIN: 821186957 501(c)(3) Human Services

PHILADELPHIA, MS

Total Revenue
$564,921
Total Expenses
$497,489
Total Assets
$188,278
Net Assets
$188,278
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MS
Principal Officer
RICKY L ROGERS
Phone
6015072467
Tax Period
2023-01-01 to 2023-12-31

THE THRIFTY NICKEL INC, founded in 2017, is a small nonprofit in the Human Services sector that reported $565K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $497K left a modest 12% surplus.

Mission

AS PROVIDED IN ITS STATEMENT OF PURPOSE, THE SPECIFIC PURPOSES FOR WHICH THE ORGANIZATION HAS BEEN ESTABLISHED IS THE SALE OF USED MERCHANDISE AND OTHER GOODS TO SUPPORT CHARITABLE ACTIVITIES, INCLUDING BUT NOT LIMITED TO, THOSE AS DEFINED BY SECTION 501(C)(3). THE PAST, PRESENT AND PLANNED ACTIVITIES IS THE SALE OF USED MERCHANDISE TO SUPPORT ITS CHARITABLE ACTIVITIES. THE PRIMARY CHARITABLE ACTIVITY AS PROVIDED IN ARTICLE 2 OF THE BYLAWS IS TO OPERATE A SHELTER FOR HOMELESS MEN AND TO GIVE BACK TO THE COMMUNITIES WHERE THE RETAIL STORES RESIDE. THE ORGANIZATION WILL OPERATE A SHELTER FOR HOMELESS MEN AND WILL PROVIDE CLOTHING, SHOES, FOOD, AND SMALL HOUSEHOLD APPLIANCES TO FAMILIES IN NEED WITHIN OUR COMMUNITIES TO BETTER THEIR LIVES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $564,921
Investment Income $0
Other Revenue $0
TOTAL REVENUE $564,921

Expense Breakdown

Grants Paid $0
Salaries & Benefits $125,918
Fundraising Expenses $0
Program Expenses $11,328
Other Expenses $371,571
TOTAL EXPENSES $497,489

Year-over-Year Comparison

2023 2022 Change
Revenue $564,921 $514,594 +0.1%
Expenses $497,489 $480,834 +0.0%
Net Income $67,432 $33,760 +1.0%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
3
Independent Members
N/A
Employees
8
Volunteers
4

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
3
$41,600
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICKY L ROGERS PRESIDENT 50.00
Officer
$23,400 $0 $23,400
CYNTHIA MAY VICE PRESIDE 40.00
Officer
$18,200 $0 $18,200
RACHEL ROGERS VP / TREASUR N/A
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 No data No data No data No data
2024 No data No data No data No data
2023 $564,921 $497,489 $188,278 $67,432
2022 $514,594 $480,834 $120,846 $33,760
2021 $545,556 $489,320 $87,086 $56,236
2020 $391,420 $426,537 $30,850 $-35,117
2019 $378,679 $357,913 $65,967 $20,766
2018 $361,231 $339,949 $45,201 $21,282
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