Soroptimist Thrift Shop of Anacortes

Nonprofit profile at a glance

EIN
871722135
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Anacortes, WA, USA
Phone
3602937251
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$485,142
Expenses
$468,570
Assets
$73,696
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Shirley Bowlin (President)

People named in this filing

  • Shirley Bowlin (President)
  • Connie Pangrazzi (Secretary)
  • Diana Berge (Treasurer)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Soroptimist Thrift shop is operated to provide funding to organizations that work to improve the lives of women and children. The profits from the thrift shop are donated to non-profit organizations that meet this criteria. It also provides hands-on assistance to individuals through its Home Health program and dress you for success program.

What it reported doing in 2024

The Shop has a vigorous community service donation system granting funds primarily to local organizations that work with women and children. The Shop gave to 10 different organizations throughout the year. Each of these organizations is a 501c3 organization and has demonstrated that their programs match our goal of providing a better life for women and children. We maintain close relationships with each organization visiting their work sites reviewing their financial needs and keeping current on their offered programs. Programs range from scholarships awards low income housing and counseling for homeless individuals food banks utility emergency assistance meals for the elderly senior services special uncompensated hospice services assistance for farmworkers and programs for child care and activities among other services.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 77% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 87
  • Accountability: 76
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.5%; rating input score 86
  • Program expense ratio: 89.5%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.8%; rating input score 99; 59th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • 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: 3.4%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 0.16; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 8.6% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 8.3% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 17.8% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 86.5% of revenue deployed · 89.5% of spending went to programs
  • Governance: 91 of 91 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $419K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 41 of 42 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules · includes grants
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 9 filed related-organization links
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • Moderate — Sustainability: Operating margin scored 47/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.