THE THRESHOLD INCORPORATED (EIN 391102430) - 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

1968

Legal Domicile

Principal Officer

MICHAEL HOFFMAN

Phone

2623381188

Tax Period

2024-01-01 to 2024-12-31

THE THRESHOLD INCORPORATED, founded in 1968, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $5.6M left a modest 7% surplus.

Mission

PROGRAMS/SERVICES FOR CHILDREN UNDER 3 AND ADULTS 18+ YEARS WITH DISABILITIES IN SOUTHEASTERN WI.

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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 $914,367

Program Service Revenue $4,913,014

Investment Income $167,239

Other Revenue $78,181

TOTAL REVENUE $6,072,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,242,646

Fundraising Expenses $4,370

Program Expenses $4,687,651

Other Expenses $1,394,101

TOTAL EXPENSES $5,636,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,072,801	$5,420,317	+0.1%
Expenses	$5,636,747	$5,190,801	+0.1%
Net Income	$436,054	$229,516	+0.9%

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

162

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

$134,237

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD UEBERSETZIG	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY SALBERG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DON BETTERS	TREASURER	1.00	Officer Director	$0	$0	$0
JILL CORBETT	SECRETARY	1.00	Officer Director	$0	$0	$0
RICK LATHERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JACCI GAMBUCCI	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENDA HETEBRUEG	BOARD MEMBER	1.00	Director	$0	$0	$0
JAIME MALSOM	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA PETERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG PICKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTHA MERTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG FARRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW CARLTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE NORSKOG	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY WALSH	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL HOFFMAN	EXECUTIVE DIRECTOR	40.00	Officer	$99,503	$34,734	$134,237

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	$6,072,801	$5,636,747	$18,746,315	$436,054
2023	$5,420,317	$5,190,801	$17,748,052	$229,516
2022	$5,086,172	$4,958,297	$16,925,127	$127,875
2021	$6,539,239	$4,502,180	$17,151,603	$2,037,059
2020	$4,599,556	$4,565,092	$14,321,922	$34,464
2019	$5,210,436	$5,314,807	$13,882,303	$-104,371
2018	$5,323,824	$5,303,748	$13,389,670	$20,076

THE THRESHOLD INCORPORATED