THRIFT LOVE FOR VOCATIONAL ABILITIES CORP (EIN 853303443) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

KEN RAKOW

Phone

9313746754

Tax Period

2023-01-01 to 2023-12-31

THRIFT LOVE FOR VOCATIONAL ABILITIES CORP, founded in 2021, is a small nonprofit in the Human Services sector that reported $732K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 19% operating margin.

Mission

WE OFFER MENTORED, SUSTAINABLE EMPLOYMENT WITH A COMPETITIVE WAGE TO ADULTS WITH SPECIAL NEEDS AND/OR DISABILITIES. WE RESELL GENTLY USED, DONATED CLOTHING, HOUSEHOLD GOODS, FURNITURE AND MORE TO MAXIMIZE FUNDS FOR THE MISSION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,385

Program Service Revenue $708,719

Investment Income $6,996

Other Revenue $0

TOTAL REVENUE $732,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $359,004

Fundraising Expenses $0

Program Expenses $584,656

Other Expenses $230,811

TOTAL EXPENSES $589,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$732,100	$537,641	+0.4%
Expenses	$589,815	$333,214	+0.8%
Net Income	$142,285	$204,427	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$47,713

Total Directors

$47,713

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN RAKOW	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRYSTAL WALLER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARY HUNTER	TREASURER	1.00	Officer Director	$0	$0	$0
ROBYN GRAHAMN	DIRECTOR	1.00	Director	$0	$0	$0
MARLENE RAKOW	DIRECTOR	1.00	Director	$0	$0	$0
JULI BECK	DIRECTOR	1.00	Director	$0	$0	$0
KARA WILLIAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
GINA RUSSELL	EXECUTIVE DI	35.00	Officer Director	$47,713	$0	$47,713
LISA WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
NITA LENTZ	DIRECTOR	1.00	Director	$0	$0	$0
LINDA PADRON	DIRECTOR	1.00	Director	$0	$0	$0
DAVE KRIKAC	DIRECTOR	1.00	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	$732,100	$589,815	$464,825	$142,285
2022	$537,641	$333,214	$322,565	$204,427
2021	$236,597	$120,183	$119,437	$116,414

THRIFT LOVE FOR VOCATIONAL ABILITIES CORP