SOROPTIMIST THRIFT SHOP OF ANACORTES

EIN: 871722135 501(c)(3)

ANACORTES, WA

Total Revenue
$485,142
Total Expenses
$468,570
Total Assets
$73,696
Net Assets
$73,696
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
WA
Principal Officer
Shirley Bowlin
Phone
3602937251
Tax Period
2024-07-01 to 2025-06-30

SOROPTIMIST THRIFT SHOP OF ANACORTES, founded in 2022, is a small nonprofit that reported $485K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $469K left a modest 3% surplus.

Mission

The Soroptimist Thrift shop is operated to provide funding to organizations that work to improve the lives of women and children. The profits from the thrift shop are donated to non-profit organizations that meet this criteria. It also provides hands-on assistance to individuals through its Home Health program and dress you for success program.

Program Service Accomplishments

Program 1
Expenses: $417,389 Revenue: $0

The Shop has a vigorous community service donation system granting funds primarily to local organizations that work with women and children. The Shop gave to 10 different organizations throughout the...

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The Shop has a vigorous community service donation system granting funds primarily to local organizations that work with women and children. The Shop gave to 10 different organizations throughout the year. Each of these organizations is a 501c3 organization and has demonstrated that their programs match our goal of providing a better life for women and children. We maintain close relationships with each organization visiting their work sites reviewing their financial needs and keeping current on their offered programs. Programs range from scholarships awards low income housing and counseling for homeless individuals food banks utility emergency assistance meals for the elderly senior services special uncompensated hospice services assistance for farmworkers and programs for child care and activities among other services.

Program 2
Expenses: $1,854 Revenue: $0

The Home Health program loans equipment to individuals free of charge. This includes wheelchairs walkers crutches canes commodes bath seats etc. This is popular program and is supported directly by...

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The Home Health program loans equipment to individuals free of charge. This includes wheelchairs walkers crutches canes commodes bath seats etc. This is popular program and is supported directly by donations from the general public. The Soroptimist Thrift Shop purchases all of the equipment that is loaned primarily using the donated funds that are received during the year. There is a large inventory of items available to be borrowed. Items can be kept by the individual as long as needed and then returned to the Shop. When returned the items are cleaned and returned to inventory so that they may be borrowed again in the future.

Program 3
Expenses: $0 Revenue: $0

The Shop also has agreements with various non-profit organizations who give vouchers to individuals allowing them to shop in the store for needed goods. The vouchers are specific as to the amount...

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The Shop also has agreements with various non-profit organizations who give vouchers to individuals allowing them to shop in the store for needed goods. The vouchers are specific as to the amount that may be used and the items that may be purchased. The Shop processes these vouchers free of charge.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,413
Program Service Revenue $480,871
Investment Income $1,858
Other Revenue $0
TOTAL REVENUE $485,142

Expense Breakdown

Grants Paid $323,499
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $419,243
Other Expenses $145,071
TOTAL EXPENSES $468,570

Year-over-Year Comparison

2024 2023 Change
Revenue $485,142 $422,825 +0.1%
Expenses $468,570 $417,746 +0.1%
Net Income $16,572 $5,079 +2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
91
Independent Members
91
Employees
N/A
Volunteers
25

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shirley Bowlin President 20.00
Officer
$0 $0 $0
Connie Pangrazzi Secretary 10.00
Officer
$0 $0 $0
Diana Berge Treasurer 20.00
Officer
$0 $0 $0
Carol Garner Director 5.00
Director
$0 $0 $0
Robin Wadleigh Director 5.00
Director
$0 $0 $0
Merlene Stiles Director 5.00
Director
$0 $0 $0
Colleen Thramer Director 5.00
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
2025 $485,142 $468,570 $73,696 $16,572
2024 $422,825 $417,746 $57,124 $5,079
2023 $411,960 $359,915 $52,045 $52,045
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