Rethreaded Inc

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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

2011

Legal Domicile

Principal Officer

Kristin Keen

Phone

9044388109

Tax Period

2024-07-01 to 2025-06-30

Rethreaded Inc, founded in 2011, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2024.

Mission

The organization's mission is to harness the power of business to create choices for survivors of human trafficking.

Program Service Accomplishments

Program 1

Expenses: $1,284,521 Revenue: $676,623

Rethreaded provides employment to women in the Jacksonville, Florida area who are coming out of lives of addiction, violence, human trafficking, and prostitution. Many of these women leave prison...

Rethreaded provides employment to women in the Jacksonville, Florida area who are coming out of lives of addiction, violence, human trafficking, and prostitution. Many of these women leave prison with felony records which create significant challenges to employment. Rethreaded is a safe place where woman are paid a living wage and employed in five different areas at Rethreaded included marketing, administration and finance, production, inventory, and sales. Locally, the organization has directly helped many women in the Jacksonville area through employment at Rethreaded. The organization also provides an initial 3-month paid job training program where after completion the women continue employment at Rethreaded and specialize in one of the five areas listed above. During the training period, Rethreaded works with the employee to identify an area in the organization where she will thrive. The goal is to help employees develop valuable job skills and a renewed sense of confidence so they can become leaders and advocates in the organization and the community.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,541,635

Program Service Revenue $676,623

Investment Income $27,046

Other Revenue $-38,697

TOTAL REVENUE $2,206,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,435,037

Fundraising Expenses $316,410

Program Expenses $1,284,521

Other Expenses $819,372

TOTAL EXPENSES $2,254,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,206,607	$2,161,425	+0.0%
Expenses	$2,254,409	$2,107,635	+0.1%
Net Income	$-47,802	$53,790	-1.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

1000

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

$269,532

Total Directors