THE THRESHOLD FOUNDATION INC

EIN: 391525008 501(c)(3)

WEST BEND, WI

Total Revenue
$285,991
Total Expenses
$229,848
Total Assets
$5,711,203
Net Assets
$5,701,851
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
WI
Principal Officer
MICHAEL HOFFMAN
Phone
2623381188
Tax Period
2024-01-01 to 2024-12-31

THE THRESHOLD FOUNDATION INC, founded in 1988, is a small nonprofit that reported $286K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $56K, a strong 20% operating margin.

Mission

THE THRESHOLD FOUNDATION INC. WAS ESTABLISHED TO SUPPORT THE THRESHOLD INCORPORATED'S PROGRAMS DIRECTED TO PROVIDE SERVICES TO PEOPLE WITH DISABILITIES.

Program Service Accomplishments

Program 1
Expenses: $200,181

THE THRESHOLD FOUNDATION INC. WAS ESTABLISHED TO SUPPORT THE THRESHOLD INCORPORATED'S PROGRAMS DIRECTED TO PROVIDE SERVICES TO PEOPLE WITH DISABILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $28,934
Program Service Revenue $0
Investment Income $257,057
Other Revenue $0
TOTAL REVENUE $285,991

Expense Breakdown

Grants Paid $200,181
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $200,181
Other Expenses $29,667
TOTAL EXPENSES $229,848

Year-over-Year Comparison

2024 2023 Change
Revenue $285,991 $322,342 -0.1%
Expenses $229,848 $212,404 +0.1%
Net Income $56,143 $109,938 -0.5%
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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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
3
$134,237
Total Directors
6
$134,237
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL HOFFMAN EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $34,734 $134,237
DONALD BETTERS TREASURER 1.00
Officer Director
$0 $0 $0
CLAIRE ROLFS PRESIDENT 1.00
Officer Director
$0 $0 $0
MIKE NOWACK DIRECTOR 1.00
Director
$0 $0 $0
ISAIAH RICHIE DIRECTOR 1.00
Director
$0 $0 $0
SUE GARMAN DIRECTOR 1.00
Director
$0 $0 $0
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 $285,991 $229,848 $5,711,203 $56,143
2023 $322,342 $212,404 $5,252,333 $109,938
2022 $365,822 $200,460 $4,684,964 $165,362
2021 $1,226,899 $184,549 $5,228,866 $1,042,350
2020 $153,941 $177,183 $4,306,306 $-23,242
2019 $201,505 $171,527 $3,933,403 $29,978
2018 $237,705 $174,913 $3,425,149 $62,792
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