Thrift Shop Association of Ann Arbor
Nonprofit profile at a glance
- EIN
- 386099708
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Ann Arbor, MI, USA
- Phone
- 7346626771
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Thrift Shops
Reported finances
- Revenue
- $731,394
- Expenses
- $730,899
- Assets
- $1,068,022
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Colleen Spencer (President)
- Maureen Burns (President Elect)
People named in this filing
- Colleen Spencer (President)
- Maureen Burns (President Elect)
- Margaret Conger (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
To provide resources to cover the emergency housing, utility, health-related and food insecurity needs of area residents
What it reported doing in 2024
Since 1932, the Thrift Shop Association of Ann Arbor Ann Arbor Thrift Shop has directly filled the financial gaps that families face as they struggle to be safely housed or have health-related needs in our community. Clients who are assisted by the Ann Arbor Thrift Shop include the working poor, recently unemployed, and those struggling with substance abuse or homelessness. The Ann Arbor Thrift Shop provides grants to area nonprofit organizations who help the most vulnerable in the community. The source of funds used to meet these emergency needs comes from the sale of donated items, which are collected, curated, and resold in a carefully managed shop. The Ann Arbor Thrift Shop is recognized in the community as a high-quality venue to donate, recycle, and purchase reusable items. Clothing, outerwear, and household items are also directly provided to area residents.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 69% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 88
- Accountability: 88
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.1%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 97.5%; rating input score 97; 45th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- 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: 0.1%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 1.46; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 6.5% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.1% of spending went to programs
- Governance: 15 of 15 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $717K in reported program spending
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 17 filed money-flow records
- Related organizations: 17 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 — Sustainability: Operating margin scored 36/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.