THE FRINGE THRIFT CLOSET C/O SALLY… - Form 990 Financial Data

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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

SALLY A GREEN

Phone

4198064907

Tax Period

2024-01-01 to 2024-12-31

THE FRINGE THRIFT CLOSET C/O SALLY GREEN, founded in 2020, is a small nonprofit in the Human Services sector that reported $328K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum.

Mission

BASED IN NORTHWEST OHIO, THE FRINGE THRIFT CLOSET WORKS TO PROVIDE THE SURROUNDING COMMUNITY WITH ACCESS TO CLOTHING AND HOUSEHOLD GOODS AT AFFORDABLE PRICES.

Program Service Accomplishments

Program 1

Expenses: $321,014 Revenue: $253,067

THE FRINGE THRIFT CLOSET RECEIVES CLEAN AND GENTLY USED CLOTHING AND HOUSEHOLD ITEMS FROM DONORS FOR RESALE TO THE GENERAL PUBLIC AT AFFORDABLE PRICES. MOST CHILDREN CLOTHING ITEMS ARE AVAILABLE FOR 0.50 EACH WHILE ADULT SIZES ARE AVAILABLE FOR 1.00. HOUSEHOLD GOODS ARE ALSO PRICED REASONABLY WHICH ALLOWS FOR ALL MEMBERS OF THE COMMUNITY TO ACQUIRE LIFESTYLE NEEDS.

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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 $75,000

Program Service Revenue $253,067

Investment Income $0

Other Revenue $0

TOTAL REVENUE $328,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,671

Fundraising Expenses $0

Program Expenses $321,014

Other Expenses $79,343

TOTAL EXPENSES $321,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$328,067	$188,127	+0.7%
Expenses	$321,014	$178,657	+0.8%
Net Income	$7,053	$9,470	-0.3%

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

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

$37,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALLY A GREEN	PRESIDENT	40.00	Officer	$37,500	$0	$37,500

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	$328,067	$321,014	$38,741	$7,053

THE FRINGE THRIFT CLOSET C/O SALLY GREEN