THE THRESHOLD INCORPORATED

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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

THE THRESHOLD INCORPORATED PROVIDES PROGRAMS AND SERVICES FOR CHILDREN AND ADULTS WITH DISABILITIES IN SOUTHEASTERN WISCONSIN, PARTICULARLY WASHINGTON AND SURROUNDING COUNTIES. OUR MISSION IS "CREATING OPPORTUNITIES TO ENRICH LIVES", WHILE OUR VISION IS "EVERY PERSON IN OUR COMMUNITY HAS THE CHOICES, OPPORTUNITIES, AND SUPPORT TO LIVE A FULFILLING LIFE".

Program Service Accomplishments

Program 1

Expenses: $2,138,221 Revenue: $2,275,413

DAY SERVICES - PROVIDES OPTIONS FOR YOUTH AND ADULTS WITH DISABILITIES TO ENJOY LEISURE ACTIVITIES OR WORK ON SKILL-BUILDING ACTIVITIES; SCHEDULED AFTER HOURS AND WEEKEND ACTIVITIES; SOCIAL...

DAY SERVICES - PROVIDES OPTIONS FOR YOUTH AND ADULTS WITH DISABILITIES TO ENJOY LEISURE ACTIVITIES OR WORK ON SKILL-BUILDING ACTIVITIES; SCHEDULED AFTER HOURS AND WEEKEND ACTIVITIES; SOCIAL, COMMUNITY, LEISURE AND RECREATION ACTIVITIES. WE SERVED AN AVERAGE OF 119 CLIENTS/MONTH THROUGH THESE PROGRAMS.

Program 2

Expenses: $1,038,973 Revenue: $863,210

AGENCY WORK PROGRAMS - INDIVIDUALS WITH DISABILITIES ARE EMPLOYED BY THE ORGANIZATION TO WORK IN ITS TTI INDUSTRIES AND/OR CLEAN SWEEP DIVISIONS. WE SERVED AN AVERAGE OF 32 CLIENTS/MONTH THROUGH...

AGENCY WORK PROGRAMS - INDIVIDUALS WITH DISABILITIES ARE EMPLOYED BY THE ORGANIZATION TO WORK IN ITS TTI INDUSTRIES AND/OR CLEAN SWEEP DIVISIONS. WE SERVED AN AVERAGE OF 32 CLIENTS/MONTH THROUGH THESE PROGRAMS.

Program 3

Expenses: $695,422 Revenue: $680,645

BIRTH TO THREE - USING NATURAL ENVIRONMENT SETTINGS, THIS PROGRAM OFFERS SERVICE COORDINATION, SPECIAL EDUCATION, THERAPY AND FAMILY SUPPORT TO CHILDREN AGES BIRTH TO THREE WITH DEVELOPMENTAL DELAYS...

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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