GM First & Second Thrift Store (EIN 921036167) - 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

2023

Legal Domicile

Principal Officer

Ann Marie Mershon

Phone

2183871826

Tax Period

2025-01-01 to 2025-12-31

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.

Mission

Raise money for 33 local nonprofit through the sale of donated goods. Worked with social services and local churches to provide clothing and household goods to people in need.

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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 $89

Program Service Revenue $257,529

Investment Income $3,627

Other Revenue $0

TOTAL REVENUE $261,245

Expense Breakdown

Grants Paid $180,003

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $238,400

Other Expenses $64,886

TOTAL EXPENSES $244,889

Year-over-Year Comparison

	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%

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

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
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	$0	$0	$0
Chris Silence	Board member	15.10	Director	$0	$0	$0
Renee Larsen	Board member	2.40	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	$261,245	$244,889	$237,958	$16,356
2024	$233,070	$180,539	$221,397	$52,531

GM First & Second Thrift Store