Wauwatosa, WI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEWTHREADS OF HOPE INC, founded in 1990, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. Expenses of $5.6M left a modest 9% surplus.
NewThreads of Hope solicits and receives returned and excess brand new merchandise from corporations. It sorts, warehouses and redistributes this merchandise to a wide range of charitable organizations to be either distributed to or used for the care of the poor, the sick, elderly or children
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $6,180,319 | $3,066,335 | +1.0% |
| Expenses | $5,635,990 | $5,301,304 | +0.1% |
| Net Income | $544,329 | $-2,234,969 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Dennis Brand | President | 40 |
Officer
Director
Key Emp
Highest
|
$67,388 | $0 | $67,388 |
| Patrick Byrne | Chairman, Treasurer & Secretary | 10 |
Officer
Director
|
$0 | $0 | $0 |
| Erica P John | Vice President | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Armita Harmon | Director | 1 |
Director
|
$0 | $0 | $0 |
| David Strelitz | Director | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Kaye Garcia | Director | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $6,180,319 | $5,635,990 | $20,631,359 | $544,329 |
| 2024 | $3,066,335 | $5,301,304 | $20,085,970 | $-2,234,969 |
| 2023 | $8,239,416 | $4,894,287 | $22,320,030 | $3,345,129 |
| 2022 | $1,807,558 | $2,768,386 | $19,019,442 | $-960,828 |
| 2021 | $7,881,780 | $2,699,067 | $20,014,029 | $5,182,713 |
Compare NEWTHREADS OF HOPE INC with other nonprofits in Wisconsin and across the country.