COMMON THREAD COMMUNITY

EIN: 453731519 501(c)(3) Human Services

HOMEWOOD, AL

Total Revenue
$709,288
Total Expenses
$565,792
Total Assets
$3,840,815
Net Assets
$838,852
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
AL
Principal Officer
NICHOLAS CRAWFORD
Phone
9014852468
Tax Period
2024-01-01 to 2024-12-31

COMMON THREAD COMMUNITY, founded in 2011, is a small nonprofit in the Human Services sector that reported $709K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $143K, a strong 20% operating margin.

Mission

A COMMUNITY ON MISSION TOGETHER TO REACH THE LOST & POOR. WE DO THIS THROUGH MARKETPLACE ACTIVITIES & COMMUNITY AND SOCIOECONOMIC INVOLVEMENT. WE CREATE SPACES WHERE NONPROFITS & MISSION-DRIVEN ENTREPRENEURS GROW WHILE MEETING THE NEEDS OF RESIDENTS IN UNDERSERVED COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $480,102 Revenue: $709,288

WE CREATE SPACES WHERE NONPROFITS AND MISSION-DRIVEN ENTREPRENEURS CAN GROW WHILE MEETING THE NEEDS OF RESIDENTS IN HISTORICALLY UNDERSERVED NEIGHBORHOODS. OUR COMMUNITY HUBS SUPPORT SMALL...

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WE CREATE SPACES WHERE NONPROFITS AND MISSION-DRIVEN ENTREPRENEURS CAN GROW WHILE MEETING THE NEEDS OF RESIDENTS IN HISTORICALLY UNDERSERVED NEIGHBORHOODS. OUR COMMUNITY HUBS SUPPORT SMALL BUSINESSES, EDUCATIONAL ENTITIES, WORKFORCE DEVELOPMENT PROGRAMS, AND WELLNESS PROVIDERS IN UNIQUE VENUES THAT ARE CONVENIENT AND ACCESSIBLE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $538,363
Program Service Revenue $170,925
Investment Income $0
Other Revenue $0
TOTAL REVENUE $709,288

Expense Breakdown

Grants Paid $0
Salaries & Benefits $196,860
Fundraising Expenses $0
Program Expenses $480,102
Other Expenses $368,932
TOTAL EXPENSES $565,792

Year-over-Year Comparison

2024 2023 Change
Revenue $709,288 $1,548,680 -0.5%
Expenses $565,792 $1,657,077 -0.7%
Net Income $143,496 $-108,397 -2.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
9
Volunteers
250

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
3
$41,697
Total Directors
3
$41,697
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS CRAWFORD PRESIDENTTREASURER 40.00
Officer Director
$41,697 $0 $41,697
JEFFREY HUEY BOARD MEMBER 10.00
Officer Director
$0 $0 $0
LIBBY LASSITER BOARD CHAIR 10.00
Officer 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 $709,288 $565,792 $3,840,815 $143,496
2023 $1,548,680 $1,657,077 $1,830,609 $-108,397
2022 $2,590,892 $2,548,577 $3,477,690 $42,315
2021 $2,580,946 $2,413,766 $1,568,654 $167,180
2020 $2,375,405 $2,058,083 $1,234,993 $317,322
2019 $2,077,409 $2,072,194 $961,178 $5,215
2018 $2,036,657 $1,828,273 $949,692 $208,384
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