Troost39 Thrift Store
Legal name: Troost Thrift Store Inc
Nonprofit profile at a glance
- EIN
- 821413101
- IRS 990 coverage
- 2022–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- Kansas City, MO, US
- Phone
- 8165315485
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Thrift Shops
Reported finances
- Revenue
- $402,310
- Expenses
- $411,436
- Assets
- $132,888
- Liabilities
- $1,168
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Toni Pennisi (President)
- Jo Babaran (Vice President)
Highest reported compensation
- Toni Pennisi (President): $12,490 total reported compensation
- Jo Babaran (Vice President): $10,692 total reported compensation
- Charles Wurth (Secretary): $8,530 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Troost39 is committed to supporting the community of midtown Kansas City and the Troost Corridor. As a retail store, we offer low-priced, high-quality, essential household and personal items. As a non-profit Ministry, we offer assistance to those most in need, by partnering with social service agencies throughout the city. We welcome as friends and neighbors all who come to our door.
What it reported doing in 2024
With the aim to identify and develop local, aspiring Black artists to remain in Kansas City, Troost39 Thrift Store created a collective of artists is known as The Gift of Troost TGOT. Troost39 awarded 3,000 grants to selected recipients, conducted group gatherings for support every two-three months, and held an Art Showcase in order for these artists to sell their work. In addition, we have partnered with a strong local non-profit organization, Kansas City G.I.F.T., who provides such as artists with business education and promotion services.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 79
- Accountability: 9
- Sustainability: 30
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.1%; rating input score 88
- Program expense ratio: 86.1%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 83.3%; rating input score 83; 2nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -2.3%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.32; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 7.7%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 10.4% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 9.4% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: -21.6% per year; rating input score 0; 3rd percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 88.1% of revenue deployed · 86.1% of spending went to programs
- Governance: 0 of 4 board members independent · 2 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $354K in reported program spending
- Leadership: top reported pay $12K · 4 people listed
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 6 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.