THORN (EIN 270943677) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

JULIE A CORDUA

Phone

6504096385

Tax Period

2024-01-01 to 2024-12-31

THORN, founded in 2009, is a mid-sized nonprofit in the Human Services sector that reported $16.4M in total revenue in fiscal year 2024. Expenses of $21.8M exceeded revenue, resulting in a 33% operating deficit.

Mission

BUILD TECHNOLOGY TO DEFEND CHILDREN FROM SEXUAL ABUSE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,661,881

Program Service Revenue $8,015,412

Investment Income $1,678,324

Other Revenue $0

TOTAL REVENUE $16,355,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,609,858

Fundraising Expenses $2,518,803

Program Expenses $17,431,772

Other Expenses $4,159,456

TOTAL EXPENSES $21,769,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,355,617	$15,763,167	+0.0%
Expenses	$21,769,314	$24,645,174	-0.1%
Net Income	$-5,413,697	$-8,882,007	-0.4%

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

Governance

Voting Members

Independent Members

Employees

111

Volunteers

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

$685,382

Total Directors

$355,491

Key Employees

$897,956

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE CORDUA	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$317,694	$37,797	$355,491
SARA CLEMENS	INTERIM CHAIR	1.00	Officer Director	$0	$0	$0
SUZANNE BELL	SECRETARY	1.00	Officer Director	$0	$0	$0
ERNIE ALLEN	MEMBER	1.00	Director	$0	$0	$0
VANESSA KANU	MEMBER	1.00	Director	$0	$0	$0
NEELIE KROES	MEMBER	1.00	Director	$0	$0	$0
MIKE ABBOT	MEMBER	1.00	Director	$0	$0	$0
JOHN BENNETT	MEMBER	1.00	Director	$0	$0	$0
RAY CHAMBERS	MEMBER (UNTIL 03/2024)	1.00	Director	$0	$0	$0
FERNANDO RUIZ	MEMBER (UNTIL 01/2024)	1.00	Director	$0	$0	$0
MICHELLE CORMACK	CFO (UNTIL 04/2024)	40.00	Officer	$60,653	$10,101	$70,754
LISA FIERSTEIN	CHIEF FINANCIAL OFFICER	40.00	Officer	$245,043	$14,094	$259,137
JAMES WILLIAMS	GENERAL COUNSEL	40.00	Key Emp	$277,819	$36,051	$313,870
JAMES PITKOW	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$278,954	$15,547	$294,501
JOHN STARR	VICE PRESIDENT, INDUSTRY	40.00	Key Emp	$254,238	$35,347	$289,585
PAMELA SMITH	VICE PRESIDENT, EXTERNAL AFFAIRS	40.00	Highest	$268,723	$25,277	$294,000
EMILY SCHULTZ	VICE PRESIDENT, ENGINEERING	40.00	Highest	$240,514	$12,372	$252,886
SMITA MENON	VICE PRESIDENT, PRODUCT	40.00	Highest	$237,757	$6,416	$244,173
REBECCA PORTNOFF	VICE PRESIDENT, DATA SCIENCE	40.00	Highest	$228,502	$34,577	$263,079
AMANDA VOLZ	VP, CUSTOMERS & PARTNERSHIPS	40.00	Highest	$228,417	$22,839	$251,256

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
2024	$16,355,617	$21,769,314	$32,719,427	$-5,413,697
2023	$15,763,167	$24,645,174	$38,493,056	$-8,882,007
2022	$14,667,821	$23,987,273	$46,186,179	$-9,319,452
2021	$19,053,788	$19,555,164	$55,899,980	$-501,376
2020	$13,018,180	$16,548,619	$56,967,204	$-3,530,439
2019	$61,959,140	$10,124,102	$58,995,375	$51,835,038
2018	$7,884,237	$5,361,087	$6,557,380	$2,523,150

THORN