TREASURES IN HEAVEN (EIN 853513773) - 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

2021

Legal Domicile

Principal Officer

DON BAUNSGARD

Phone

4257617284

Tax Period

2023-01-01 to 2023-12-31

TREASURES IN HEAVEN, founded in 2021, is a small nonprofit in the Human Services sector that reported $345K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $323K left a modest 6% surplus.

Mission

WE ARE A NONPROFIT THRIFT STORE. COMMUNITY MEMBERS DONATE GOODS AND WE SELL THEM TO THEN DONATE OUR PROCEEDS TO OTHER NONPROFITS.

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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 $344,571

Investment Income $0

Other Revenue $0

TOTAL REVENUE $344,571

Expense Breakdown

Grants Paid $102,961

Salaries & Benefits $132,872

Fundraising Expenses $0

Program Expenses $299,133

Other Expenses $86,731

TOTAL EXPENSES $322,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$344,571	$251,695	+0.4%
Expenses	$322,564	$254,808	+0.3%
Net Income	$22,007	$-3,113	-8.1%

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

N/A

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

$83,051

Total Directors

$83,051

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON BAUNSGARD	PRESIDENT	60.00	Officer Director	$75,000	$0	$75,000
LENA BAUNSGARD	SECRETARY/TR	20.00	Officer Director	$8,051	$0	$8,051
JULES ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
TIM KIMBREL	DIRECTOR	1.00	Director	$0	$0	$0
MATT KOSCHE	DIRECTOR	1.00	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
2023	$344,571	$322,564	$72,130	$22,007
2022	$251,695	$254,808	$13,097	$-3,113
2021	$215,046	$203,559	$11,487	$11,487

TREASURES IN HEAVEN