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, through its innovative gifts-in-kind program, offers support and a renewed sense of hope by providing brand new clothing, household items and educational materials to the poor, the ill, children and seniors, so that they may live more self-sufficient lives.
The NewThreads of Hope program, the organzation's only program, is a gifts in kind merchandise distribution program. NewThreads solicits and receives donations of brand new clothing, bedding...
The NewThreads of Hope program, the organzation's only program, is a gifts in kind merchandise distribution program. NewThreads solicits and receives donations of brand new clothing, bedding, household goods, books and other softgoods from manufactures, retailers and wholesalers. This merchandise is then warehoused, sorted, processed, and then redistributed through a network of nonprofit and governmental organizations to individuals and families in need. This merchandise must be used for the care of or use of the poor, the sick, children or elderly. Please see Schedule I for a listing of distributions of this gifts in kind merchandise made during the year.
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 |
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