Castaways Thrift Co (EIN 822508760) - 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

Principal Officer

Heidi Newman

Phone

3366444185

Tax Period

2024-08-01 to 2025-07-31

Castaways Thrift Co, founded in 2017, is a small nonprofit in the Human Services sector that reported $239K in total revenue in fiscal year 2024.

Mission

Castaways Thrift Co. is a 5,000 square foot thrift store that exists to fulfill a three part mission. First we seek to reduce overall landfill waste by providing a better alternative to the community a place where they can bring unwanted items rather than throwing them away. Secondly the clothing and household items that we receive from the community are priced and put out for sale allowing people to pay drastically reduced prices of 50% - 90% below original retail cost. This is a great benefit to the low-income individuals of our small town Madison NC. And lastly with whatever proceeds Castaways Thrift Co. generates we seek to provide financial support to Christian substance abuse programs in order to help individuals overcome drug and alcohol addiction.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $238,574

TOTAL REVENUE $238,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,098

Fundraising Expenses $0

Program Expenses $236,178

Other Expenses $117,080

TOTAL EXPENSES $236,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,574	$233,303	+0.0%
Expenses	$236,178	$219,158	+0.1%
Net Income	$2,396	$14,145	-0.8%

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

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

$34,824

Total Directors

$34,824

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heidi Newman	Executive Director - Store Manager	40.00	Officer Director	$34,824	$0	$34,824
Rhonda Vice	Secretary	0.30	Officer Director	$0	$0	$0
Cindy Barnes	Treasurer	0.30	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
2025	$238,574	$236,178	$32,749	$2,396
2024	$233,303	$219,158	$30,353	$14,145
2023	$232,342	$245,356	$16,208	$-13,014
2022	$203,438	$202,717	$29,222	$721

Castaways Thrift Co