GREAT LAKES MENNONITE THRIFT INC (EIN 863205343) - 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

Jim Yoder

Phone

5743263674

Tax Period

2024-01-01 to 2024-12-31

GREAT LAKES MENNONITE THRIFT INC, founded in 2021, is a small nonprofit in the Human Services sector that reported $474K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 16% operating margin.

Mission

To operate a thrift store for the purpose of supporting the programs and projects of Mennonite Central Committee and local needs through shared skills, gifts, and services in the name of Christ.

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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 $473,492

Program Service Revenue $0

Investment Income $258

Other Revenue $0

TOTAL REVENUE $473,750

Expense Breakdown

Grants Paid $2,083

Salaries & Benefits $220,012

Fundraising Expenses $0

Program Expenses $400,204

Other Expenses $178,109

TOTAL EXPENSES $400,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$473,750	$367,810	+0.3%
Expenses	$400,204	$360,512	+0.1%
Net Income	$73,546	$7,298	+9.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Philip Shenk	Treasurer	1	Officer Director	$0	$0	$0
Phil Stauffer	Secretary	1	Officer Director	$0	$0	$0
Jim Yoder	Chair	1	Officer Director	$0	$0	$0
Loanne Harms	Director	1	Director	$0	$0	$0
Rose Shetler	Director	1	Director	$0	$0	$0
Deb King	Director	1	Director	$0	$0	$0
Clara Swald	Director	1	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	$473,750	$400,204	$134,960	$73,546
2023	$367,810	$360,512	$71,414	$7,298

GREAT LAKES MENNONITE THRIFT INC