TROOST THRIFT STORE INC (EIN 821413101) - 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

2017

Legal Domicile

Phone

8165315485

Tax Period

2023-01-01 to 2023-12-31

TROOST THRIFT STORE INC, founded in 2017, is a small nonprofit in the Human Services sector that reported $416K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $393K left a modest 5% surplus.

Mission

Provide clothing and household goods at low or no cost to the economically depressed community in which the store is located.

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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 $80,288

Program Service Revenue $334,856

Investment Income $0

Other Revenue $564

TOTAL REVENUE $415,708

Expense Breakdown

Grants Paid $28,249

Salaries & Benefits $193,930

Fundraising Expenses $0

Program Expenses $333,196

Other Expenses $170,776

TOTAL EXPENSES $392,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$415,708	$330,287	+0.3%
Expenses	$392,955	$334,806	+0.2%
Net Income	$22,753	$-4,519	-6.0%

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

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

100

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

$7,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Toni Pennisi	President	40.00	Officer	$5,500	$0	$5,500
Chuck Wurth	Secretary	40.00	Officer	$2,200	$0	$2,200
Ben Babaran	Treasurer	6.00	Officer	$0	$0	$0
Jo Babaran	Vice-President	6.00	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	No data	No data	No data	No data
2023	$415,708	$392,955	$241,131	$22,753
2022	$330,287	$334,806	$218,379	$-4,519

TROOST THRIFT STORE INC