1St Rate 2Nd Hand Thrift Inc

Nonprofit profile at a glance

EIN
270884542
IRS 990 coverage
2011–2019
Forms available
Form 990 2019, Form 990-EZ 2019, Form 990-N 2009
Location
Tucson, AZ, USA
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arthritis
Affiliation
Judaism

Reported finances

Revenue
$195,336
Expenses
$223,103
Assets
$31,769
Liabilities
$1,464

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • Robyn Schwager (Co-Chair)
  • Jami Gan (Secretary)
  • Cathy Olswing (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide a source of sustainable funding to local 501(c)(3) organizations in our community. To provide a place for citizens to recycle and reuse household items.

What it reported doing in 2019

8 Jewish non-profit agencies and synagogues were presented checks that totaled $4,987. The amount of the contribution to each agency was based on the donations received by and the hours volunteered by their constituents. Those agencies serve religious, spiritual, social, medical and recreational needs in our community. Those non-profits include the Jewish Community Foundation of Southern Arizona, Hadassah Southern Arizona, Tucson Jewish Community Center, Chabad of Tucson, Congregation Anshei Israel, Jewish Federation of Southern Arizona - LGBT, Jewish Federation of Southern Arizona - Northwest and the Bnai Brith Covenant House.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 100
  • Accountability: 82
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.2%; rating input score 73
  • Program expense ratio: 65.7%; rating input score 66
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -14.2%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.14; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: -3.9% per year; rating input score 0; 26th percentile among comparable filings
  • Revenue growth: -2.9% per year; rating input score 0; 21st percentile among comparable filings
  • Asset growth: -3% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 73.2% of revenue deployed · 65.7% of spending went to programs
  • Governance: 7 of 7 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $147K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 9 filing years from 2011 to 2019
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 19/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.