THE THRESHOLD FOUNDATION INC (EIN 391525008) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

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

ESTABLISHED TO SUPPORT THE THRESHOLD INCORPORATED PROVIDE SERVICES TO PEOPLE WITH DISABILITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$134,237

Key Employees

Highest Compensated

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

THE THRESHOLD FOUNDATION INC