ABUNDANT THRIFT INC

EIN: 921263656 501(c)(3) Religion

BLOOMINGTON, IL

Total Revenue
$250,270
Total Expenses
$263,941
Total Assets
$-4,327
Net Assets
$-6,539
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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
IL
Principal Officer
CHARLES R AHRENS
Phone
3097065473
Tax Period
2024-01-01 to 2024-12-31

ABUNDANT THRIFT INC, founded in 2023, is a small nonprofit in the Religion sector that reported $250K in total revenue in fiscal year 2024.

Mission

The purpose of our organization is to teach and preach the gospel to all people. The organization is organized and operated exclusively for religious purposes within the meaning of Section 501(c)

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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 $4,869
Program Service Revenue $245,401
Investment Income $0
Other Revenue $0
TOTAL REVENUE $250,270

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,233
Fundraising Expenses $0
Program Expenses $262,638
Other Expenses $169,708
TOTAL EXPENSES $263,941

Year-over-Year Comparison

2024 2023 Change
Revenue $250,270 $253,161 0.0%
Expenses $263,941 $236,713 +0.1%
Net Income $-13,671 $16,448 -1.8%
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

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Governance

Voting Members
3
Independent Members
3
Employees
7
Volunteers
80

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
$31,200
Total Directors
3
$31,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES AHRENS PRESIDENT 10.00
Officer Director
$0 $0 $0
ROBERT HANY TREASURER 40.00
Officer Director
$31,200 $0 $31,200
ROY KOONCE SECRETARY 10.00
Officer 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 $250,270 $263,941 $-4,327 $-13,671
2023 $253,161 $236,713 $9,150 $16,448
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