ISLAND THRIFT (EIN 910996800) - 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

1977

Legal Domicile

Principal Officer

PEG SHANNON

Phone

3606751133

Tax Period

2024-01-01 to 2024-12-31

ISLAND THRIFT, founded in 1977, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 15% surplus.

Mission

OPERATE A THRIFT STORE TO GENERATE FUNDS FOR CHARITABLE PURPOSES.

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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 $2,437

Program Service Revenue $0

Investment Income $28,520

Other Revenue $1,295,117

TOTAL REVENUE $1,326,074

Expense Breakdown

Grants Paid $211,227

Salaries & Benefits $652,838

Fundraising Expenses $0

Program Expenses $1,088,942

Other Expenses $265,194

TOTAL EXPENSES $1,129,259

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,326,074	$1,344,489	0.0%
Expenses	$1,129,259	$1,158,744	0.0%
Net Income	$196,815	$185,745	+0.1%

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

N/A

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
ALEX PFEIFFER	PRESIDENT	002.00	Officer Director	$0	$0	$0
PEG SHANNON	TREASURER	002.00	Officer Director	$0	$0	$0
GARY BERNER	BOARD MEMBER	002.00	Director	$0	$0	$0
JIM KOTSCHWAR	SECRETARY	002.00	Officer Director	$0	$0	$0
JOE MOSOLINO	BOARD MEMBER	002.00	Director	$0	$0	$0
BETH MUNNS	BOARD MEMBER	002.00	Director	$0	$0	$0
JIM SLOWIK	BOARD MEMBER	002.00	Director	$0	$0	$0
KEN EELKEMA	BOARD MEMBER	006.00	Director	$0	$0	$0
KYLE RENNINGER	VICE PRESIDENT	004.00	Officer Director	$0	$0	$0
JIM PALMER	BOARD MEMBER	002.00	Director	$0	$0	$0
LYN BANKOWSKI	BOARD MEMBER	002.00	Director	$0	$0	$0
JAN HUGHES	BOARD MEMBER	002.00	Director	$0	$0	$0
RENEE HANKS	BOARD MEMBER	002.00	Director	$0	$0	$0
JULIE GAMMACHE	BOARD MEMBER	002.00	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
2024	$1,326,074	$1,129,259	$1,718,456	$196,815
2023	$1,344,489	$1,158,744	$1,510,978	$185,745
2022	$1,370,857	$1,055,653	$1,313,693	$315,204
2021	$1,303,558	$1,052,968	$1,109,541	$250,590
2020	$874,057	$883,499	$895,118	$-9,442
2019	$1,183,890	$1,112,335	$792,088	$71,555
2018	$1,069,557	$1,167,279	$719,878	$-97,722

ISLAND THRIFT