OSPREY VILLAGE THRIFT STORES LLC

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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

2011

Legal Domicile

Principal Officer

THOMAS REED

Phone

8434226099

Tax Period

2023-01-01 to 2023-12-31

OSPREY VILLAGE THRIFT STORES LLC, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $442K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $421K left a modest 5% surplus.

Mission

TO ASSIST OSPREY VILLAGE INC. IN THE PROMOTION OF ITS CHARITABLE, EDUCATIONAL, AND OTHER PROGRAMS BY OPERATING ONE OR MORE THRIFT STORES FOR THE FINANCIAL BENEFIT OF OSPREY VILLAGE.

Program Service Accomplishments

Program 1

Expenses: $354,917 Revenue: $374,020

THRIFT STORE: THE OKATIE AREA THRIFT STORE PROVIDES ONGOING OPERATIONAL FUNDS THAT ARE DEDICATED TO DEVELOPING A "NEIGHBORHOOD WITH A PURPOSE" TO SUPPORT INTELLECTUALLY AND DEVELOPMENTALLY DISABLED (IDD) ADULTS IN THE AREA. THE THRIFT STORE ALSO SERVES AS A JOB/VOCATIONAL TRAINING SETTING FOR THESE SPECIAL NEEDS ADULTS. IN NOVEMBER 2016, THE ORGANIZATION SIGNED A LEASE TO OPEN A NEW THRIFT STORE ON HILTON HEAD ISLAND THAT ALSO PROVIDES 1300 SQ FT OF OFFICE SPACE FOR THE STAFF TO MEET WITH CLIENTS, A CONFERENCE ROOM FOR BOARD MEETINGS, AND ADDITIONAL SPACE FOR PARTNER ORGANIZATIONS TO WORK WITH OSPREY VILLAGE. THE NEW THRIFT STORE AND OFFICES OPENED IN LATE MARCH 2017 AND A LOCAL NONPROFIT ORGANIZATION HAS BEEN ENGAGED THAT SERVES ADULTS WITH IDD TO HAVE A WORK ENCLAVE COME AND CLEAN THE NEW STORE AND OFFICE AREAS.

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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 $66,079

Program Service Revenue $0

Investment Income $1,416

Other Revenue $374,020

TOTAL REVENUE $441,515

Expense Breakdown

Grants Paid $35,467

Salaries & Benefits $159,075

Fundraising Expenses $316

Program Expenses $354,917

Other Expenses $226,075

TOTAL EXPENSES $420,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$441,515	$349,691	+0.3%
Expenses	$420,617	$331,667	+0.3%
Net Income	$20,898	$18,024	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD HAMP GREENE	CHAIRMAN	5.00	Officer Director	$0	$0	$0
DONE REED	VICE-CHAIRMAN	15.00	Officer Director	$0	$0	$0
CARLA LINCICOME	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRY SHAWN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH SCALZO	DIRECTOR	20.00	Director	$0	$0	$0
ELAINE LESNAK	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SHACKELTON	DIRECTOR	8.00	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	$441,515	$420,617	$254,903	$20,898
2022	$349,691	$331,667	$119,952	$18,024
2021	$474,527	$478,160	$101,566	$-3,633
2020	$363,594	$359,779	$117,353	$3,815