OPERATION THRESHOLD INC

EIN: 420982549 501(c)(3)

WATERLOO, IA

Total Revenue
$12,234,755
Total Expenses
$12,456,746
Total Assets
$5,440,982
Net Assets
$4,375,907
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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
1964
Legal Domicile
IA
Principal Officer
BRIAN QUIRK
Phone
3192912065
Tax Period
2023-10-01 to 2024-09-30

OPERATION THRESHOLD INC, founded in 1964, is a mid-sized nonprofit that reported $12.2M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

COLLABORATE, EDUCATE AND PROVIDE SERVICES TO HELP MEET THE BASIC NEEDS OF PEOPLE & CREATE OPPORTUNITIES FOR SELF-SUFFICIENCY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,928,091
Program Service Revenue $299,189
Investment Income $2,648
Other Revenue $4,827
TOTAL REVENUE $12,234,755

Expense Breakdown

Grants Paid $7,981,645
Salaries & Benefits $2,553,296
Fundraising Expenses $340,392
Program Expenses $11,179,752
Other Expenses $1,921,805
TOTAL EXPENSES $12,456,746

Year-over-Year Comparison

2023 2022 Change
Revenue $12,234,755 $13,536,437 -0.1%
Expenses $12,456,746 $13,587,486 -0.1%
Net Income $-221,991 $-51,049 +3.3%
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
13
Independent Members
13
Employees
52
Volunteers
55

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
4
$225,895
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA SMITH TREASURER 0.60
Officer Director
$0 $0 $0
KIM ROSS DIRECTOR 0.60
Director
$0 $0 $0
BRIAN QUIRK CHAIRPERSON 0.60
Officer Director
$0 $0 $0
TARA MAKEPEACE DIRECTOR 0.60
Director
$0 $0 $0
KARI REA DIRECTOR 0.60
Director
$0 $0 $0
KATIE BUSKER DIRECTOR 0.60
Director
$0 $0 $0
BOB TYSON DIRECTOR 0.60
Director
$0 $0 $0
CHRIS SCHWARTZ DIRECTOR 0.60
Director
$0 $0 $0
DEBRA HODGES HARMON DIRECTOR 0.60
Director
$0 $0 $0
JOYCE HUNTER DIRECTOR 0.60
Director
$0 $0 $0
MICHELLE KESTERSON DIRECTOR 0.60
Director
$0 $0 $0
FAITH WHITE DIRECTOR 0.60
Director
$0 $0 $0
JOHN KURTZ DIRECTOR 0.60
Director
$0 $0 $0
BARBARA A GRANT EXECUTIVE DIRECTOR 40.00
Officer
$91,672 $27,150 $118,822
LEIAN KAMMEYER DEPUTY DIRECTOR 40.00
Officer
$75,986 $31,087 $107,073
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 $12,234,755 $12,456,746 $5,440,982 $-221,991
2023 $13,536,437 $13,587,486 $5,636,711 $-51,049
2022 $16,231,549 $16,072,853 $5,603,638 $158,696
2021 $12,392,663 $12,222,685 $5,831,083 $169,978
2020 $10,793,762 $10,920,074 $5,238,525 $-126,312
2019 $10,752,352 $10,951,060 $5,403,535 $-198,708
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