Grand Marais, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GM First & Second Thrift Store, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $261K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $245K left a modest 6% surplus.
To raise money for local nonprofit through the sale of donated goods; To work with social services and local churches to provide clothing and household goods to people in need; To decrease the amount of clothing and household goods going to a landfill; To offer a source of lightly used goods for a affordable price; To offer community members a place to volunteer their time while supporting local nonprofits.
In 2024 52 volunteers raised $180,003 for local nonprofit organizations through the sale of donated used goods. Grants were distributed in Feb 2025 to 33 organizations with current 501c3 status...
In 2024 52 volunteers raised $180,003 for local nonprofit organizations through the sale of donated used goods. Grants were distributed in Feb 2025 to 33 organizations with current 501c3 status located in Cook County MN.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $261,245 | $233,070 | +0.1% |
| Expenses | $244,889 | $180,539 | +0.4% |
| Net Income | $16,356 | $52,531 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ann Marie Mershon | President | 13.10 |
Officer
Director
|
$0 | $0 | $0 |
| Barb Backlund | Vice president | 1.09 |
Officer
Director
|
$0 | $0 | $0 |
| Diane DeBevec | Secretary | 6.60 |
Officer
Director
|
$0 | $0 | $0 |
| Gwendolyn Mattice | Treasurer | 8.50 |
Officer
Director
|
$0 | $0 | $0 |
| Kathleen Johnson | Board member | 6.40 |
Director
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$0 | $0 | $0 |
| Chris Silence | Board member | 15.10 |
Director
|
$0 | $0 | $0 |
| Renee Larsen | Board member | 2.40 |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $261,245 | $244,889 | $237,958 | $16,356 |
| 2024 | $233,070 | $180,539 | $221,397 | $52,531 |
Compare GM First & Second Thrift Store with other nonprofits in Minnesota and across the country.