THRESHOLD REHABILITATION SERVICES INC

EIN: 231681448 501(c)(3) Employment

READING, PA

Total Revenue
$23,373,241
Total Expenses
$19,591,521
Total Assets
$17,120,672
Net Assets
$14,092,401
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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
1965
Legal Domicile
PA
Principal Officer
ROBERT GANTER
Phone
6107777691
Tax Period
2023-07-01 to 2024-06-30

THRESHOLD REHABILITATION SERVICES INC, founded in 1965, is a mid-sized nonprofit in the Employment sector that reported $23.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.8M, a strong 16% operating margin.

Mission

OFFERS SERVICES FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES AND MENTAL HEALTH CHALLENGES

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,629,690
Program Service Revenue $19,564,394
Investment Income $179,157
Other Revenue $0
TOTAL REVENUE $23,373,241

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,283,011
Fundraising Expenses $0
Program Expenses $16,970,904
Other Expenses $4,308,510
TOTAL EXPENSES $19,591,521

Year-over-Year Comparison

2023 2022 Change
Revenue $23,373,241 $19,784,116 +0.2%
Expenses $19,591,521 $18,703,446 +0.0%
Net Income $3,781,720 $1,080,670 +2.5%
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
15
Independent Members
10
Employees
404
Volunteers
10

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
5
$440,753
Total Directors
15
$511,486
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD MICHALIK PSYD PRESIDENT AND CEO 40.00
Officer Director
$163,936 $18,668 $182,604
HEIDI SHAFFER SECRETARY; CHIEF HR OFFICER 40.00
Officer Director
$103,218 $16,273 $119,491
ROBERT C GANTER II TREASURER; CFO 40.00
Officer Director
$121,562 $17,096 $138,658
ANDREW NATALIE BOARD MEMBER; PEER SUPPORT MANAGER 40.00
Director
$56,547 $14,186 $70,733
ALBERT DALLAO CHAIRPERSON 1.00
Officer Director
$0 $0 $0
DANIEL WEBER VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
CHARLES BARBERA MD BOARD MEMBER 1.00
Director
$0 $0 $0
BLAKE BAILEY DO BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELE CHRISTMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MALCOLM COLE BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN STINSKY BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY GERHART BOARD MEMBER 1.00
Director
$0 $0 $0
PHILIP MACARONIS BOARD MEMBER 1.00
Director
$0 $0 $0
RAMONA PALMERIO-ROBERTS PSYD BOARD MEMBER AS OF MARCH 2024 1.00
Director
$0 $0 $0
CAROL SZTABA BOARD MEMBER 1.00
Director
$0 $0 $0
FREDELANDE CHERY MANAGER OF CRR SERVICES 40.00
Highest
$132,216 $4,834 $137,050
CHEICK TALL DIRECT SUPPORT PROFESSIONAL 40.00
Highest
$131,311 $17,180 $148,491
NABY LAYE TOURE DIRECT SUPPORT PROFESSIONAL 40.00
Highest
$125,451 $17,077 $142,528
LINDA GROFF VP OF MENTAL HEALTH SERVICES 40.00
Highest
$122,576 $16,666 $139,242
MELANIE SOMMERVILLE DIRECT SUPPORT PROFESSIONAL 40.00
Highest
$119,989 $15,840 $135,829
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
2025 No data No data No data No data
2024 $23,373,241 $19,591,521 $17,120,672 $3,781,720
2023 $19,784,116 $18,703,446 $13,207,417 $1,080,670
2022 $18,211,797 $17,589,622 $12,348,009 $622,175
2021 $17,640,016 $16,701,549 $11,899,909 $938,467
2020 $17,715,687 $16,105,794 $11,461,843 $1,609,893
2019 $18,719,430 $16,955,308 $8,749,687 $1,764,122
2018 $17,410,584 $15,611,074 $6,707,955 $1,799,510
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