THREADS DANCE PROJECT (EIN 273479875) - 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

2011

Legal Domicile

Principal Officer

KAREN L CHARLES

Phone

9522505965

Tax Period

2024-01-01 to 2024-12-31

THREADS DANCE PROJECT, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $328K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

TO EXAMINE, EXPOSE AND CELEBRATE THE THREADS THAT CONNECT US.

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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 $289,471

Program Service Revenue $33,036

Investment Income $2,624

Other Revenue $2,918

TOTAL REVENUE $328,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,730

Fundraising Expenses $36,165

Program Expenses $271,028

Other Expenses $148,164

TOTAL EXPENSES $350,499

Year-over-Year Comparison

	2024	2023	Change
Revenue	$328,049	$430,988	-0.2%
Expenses	$350,499	$313,198	+0.1%
Net Income	$-22,450	$117,790	-1.2%

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

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

$46,325

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OMARRA ALEXANDER	SECRETARY	1.00	Officer Director	$0	$0	$0
KENNETH CHARLES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALICIA PHILLIPS	PRESIDENT	2.00	Officer Director	$0	$0	$0
AMANDA THOR	DIRECTOR	1.00	Director	$0	$0	$0
ELLA MCGRADY-WILEY	DIRECTOR	1.00	Director	$0	$0	$0
TRACI SHANNON	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA ERICSON	DIRECTOR	20.00	Director	$0	$0	$0
MARGARET OGAS	DIRECTOR	20.00	Director	$0	$0	$0
KAREN AALGAARD	DIRECTOR	10.00	Director	$0	$0	$0
LUCIA NASCIMENTO	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN CHARLES	EXECUTIVE DIRECTOR	40.00	Officer	$46,325	$0	$46,325

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	$328,049	$350,499	$416,800	$-22,450
2024	$328,049	$350,499	$416,800	$-22,450
2024	$328,049	$350,499	$416,800	$-22,450
2023	$430,988	$313,198	$199,188	$117,790
2022	$254,160	$265,291	$101,978	$-11,131
2022	$254,160	$265,291	$101,978	$-11,131
2021	$254,504	$256,588	$92,495	$-2,084
2020	$253,868	$290,107	$95,182	$-36,239

THREADS DANCE PROJECT