HOPE'S ATTIC THRIFT STORE

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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

2004

Legal Domicile

Principal Officer

MIKE COOL

Phone

9287721360

Tax Period

2019-01-01 to 2019-12-31

HOPE'S ATTIC THRIFT STORE, founded in 2004, is a small nonprofit that reported $265K in total revenue in fiscal year 2019. Revenue decreased 8% compared to the prior year.

Mission

TO PROVIDE SUPPORT TO THE MINISTRY OF LIFEPOINTE CHURCH AS WELL AS PROVIDING BENEVOLENCE SUPPORT TO THE SURROUNDING COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $130,141

OUTREACH MINISTRY PROVIDED EMERGENCY ASSISTANCE TO OVER 3100 FAMILIES IN NEED WITH ITEMS SUCH AS GAS CARDS, FOOD, CLOTHING AND FURNITURE. WE ALSO PROVIDED CLOTHES, SHOES, BEDDING, HOUSEWARES, TOYS...

OUTREACH MINISTRY PROVIDED EMERGENCY ASSISTANCE TO OVER 3100 FAMILIES IN NEED WITH ITEMS SUCH AS GAS CARDS, FOOD, CLOTHING AND FURNITURE. WE ALSO PROVIDED CLOTHES, SHOES, BEDDING, HOUSEWARES, TOYS, BOOKS AND OTHER HOUSEHOLD ITEMS TO AREA CHURCHES, CHURCH ON THE STREET, INDIAN RESERVATIONS AND AN ORPHANAGE IN MEXICO. WE WORKED ALONGSIDE THE ARIZONA DEPARTMENT OF CHILD SAFETY AND THE FOSTER CARE SYSTEM TO PROVIDE FOR FAMILIES IN NEED OF FURNITURE AND CLOTHING.

Program 2

Expenses: $98,696

OPERATION OF A THRIFT STORE. THE STORE PROVIDES THE COMMUNITY WITH LOW-COST CLOTHING, FURNITURE AND HOUSEHOLD ITEMS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $265,020

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $265,020

Expense Breakdown

Grants Paid $127,346

Salaries & Benefits $104,554

Fundraising Expenses $22,120

Program Expenses $228,837

Other Expenses $32,114

TOTAL EXPENSES $264,014

Year-over-Year Comparison

	2019	2018	Change
Revenue	$265,020	$287,362	-0.1%
Expenses	$264,014	$297,370	-0.1%
Net Income	$1,006	$-10,008	-1.1%

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

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

$116,440

Total Directors

$129,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE COOL	PRESIDENT	3.00	Officer Director	$0	$38,963	$70,025
C JASON OWENS	BOARD MEMBER	1.00	Director	$0	$0	$48,975
WAYNE DOERKSEN	STORE MANAGER	40.00	Officer	$36,252	$0	$36,252
MARY TOFFLEMIRE	SECRETARY/TREASURER	5.00	Officer Director	$2,850	$0	$10,163

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
2019	$265,020	$264,014	$7,474	$1,006
2018	$287,362	$297,370	$5,644	$-10,008