GRANNYS ATTIC

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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

sandra McGinnis

Phone

2394703086

Tax Period

2025-01-01 to 2025-12-31

GRANNYS ATTIC, founded in 2021, is a small nonprofit in the Human Services sector that reported $220K in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $205K left a modest 7% surplus.

Mission

Granny's Attic is a thrift store offering gently used item to the public for a reasonable price. The monies raised will be distributed to other 501(c)3 in our area to help them better and improve the charitable process of their organizations.

Program Service Accomplishments

Program 1

Expenses: $16,000 Revenue: $0

Granny's Attic provided a grant to Clay County Community for Students, Inc (EIN 56-2087839) who's mission is to embrace Clay County youth with services and resources allowing each to reach their full potential for a successful future. Their clients receive food, shelter, medicine, utilities, auto repair and rent deposits. they provide children clothes shoes, coats, school supplies and glasses. They provide scholarships for students to attend enrichment opportunities.

Program 2

Expenses: $10,000 Revenue: $0

Granny's Attic provided a grant to The Still Place (EIN 47-4377426) who's mission is to provide rest, renewal and recreation to families with seriously ill children or bereaved families through...

Granny's Attic provided a grant to The Still Place (EIN 47-4377426) who's mission is to provide rest, renewal and recreation to families with seriously ill children or bereaved families through nature, art and spirituality and Appalachian culture and adventure to enhance resiliency, self-determination, empowerment and hope. Families have the opportunity to spend a week, at no cost to them, to experience freedom from the daily burdens and enjoy time together as a family.

Program 3

Expenses: $25,000 Revenue: $0

Granny's Attic provided a grant to St Vincent De Paul (EIN 57-1176262) who' mission is to serve needy families in Clay County NC with emergency funds for utility bills, rent, mortgage payments...

Granny's Attic provided a grant to St Vincent De Paul (EIN 57-1176262) who' mission is to serve needy families in Clay County NC with emergency funds for utility bills, rent, mortgage payments, insurance, medical costs, food, clothing, car repairs, propane, lodging, transportation and other needs. 378 families received services in 2025.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,615

Program Service Revenue $0

Investment Income $879

Other Revenue $216,545

TOTAL REVENUE $220,039

Expense Breakdown

Grants Paid $170,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,000

Other Expenses $35,078

TOTAL EXPENSES $205,078

Year-over-Year Comparison

	2025	2024	Change
Revenue	$220,039	$178,106	+0.2%
Expenses	$205,078	$180,042	+0.1%
Net Income	$14,961	$-1,936	-8.7%

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

N/A

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
Beverly LLoyd	President	30	Officer Director	$0	$0	$0
Sharon Darcy	Vice-President	30	Officer Director	$0	$0	$0
Sandra Jersey	Treasurer	5	Officer Director	$0	$0	$0
Karen Robinson	Secretary	16	Officer Director	$0	$0	$0
Lee Brown	Director	6	Director	$0	$0	$0
Linda Miller	Director	0	Director	$0	$0	$0
Linda Kennedy	Director	8	Director	$0	$0	$0
Cathy Andrews	Director	0	Director	$0	$0	$0
Cathy Stiles	Director	8	Director	$0	$0	$0
Betty Pritchard	Director	16	Director	$0	$0	$0
Margaretanne Fineo	Director	5	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
2025	$220,039	$205,078	$88,557	$14,961