Caring Community Thrift Stores Inc (EIN 850637987) - 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

2020

Legal Domicile

Principal Officer

Jeremy Storment

Phone

4172309372

Tax Period

2023-01-01 to 2023-12-31

Caring Community Thrift Stores Inc, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $495K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $652K exceeded revenue, resulting in a 32% operating deficit.

Mission

Thrift Store raising funding and support for local charities.

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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 $0

Program Service Revenue $503,687

Investment Income $0

Other Revenue $-8,192

TOTAL REVENUE $495,495

Expense Breakdown

Grants Paid $33,792

Salaries & Benefits $417,859

Fundraising Expenses $0

Program Expenses $623,820

Other Expenses $200,541

TOTAL EXPENSES $652,192

Year-over-Year Comparison

	2023	2022	Change
Revenue	$495,495	$535,847	-0.1%
Expenses	$652,192	$491,668	+0.3%
Net Income	$-156,697	$44,179	-4.5%

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

N/A

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

$60,196

Total Directors

$60,196

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeremy Storment	President	40.00	Officer Director	$60,196	$0	$60,196
Paula Duple	Secretary	0.00	Officer Director	$0	$0	$0
Jim Robertson	Treasurer	0.00	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	$495,495	$652,192	$156,189	$-156,697
2022	$535,847	$491,668	$98,392	$44,179
2021	$527,320	$492,714	$69,154	$34,606
2020	$269,889	$168,836	$34,548	$101,053

Caring Community Thrift Stores Inc