PEACE OF THREAD INC

EIN: 461695943 501(c)(3) Human Services

GRAYSON, GA

Total Revenue
$52,300
Total Expenses
$103,951
Total Assets
$27,246
Net Assets
$26,605
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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
2014
Legal Domicile
GA
Principal Officer
DENISE SMITH
Phone
6787072780
Tax Period
2023-01-01 to 2023-12-31

PEACE OF THREAD INC, founded in 2014, is a micro nonprofit in the Human Services sector that reported $52K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $104K exceeded revenue, resulting in a 99% operating deficit.

Mission

TO EMPLOY UNEMPLOYABLE WOMEN IN VULNERABLE POPULATIONS, PROVIDING THEM WITH INCOME, PRACTICE USING ENGLISH, AND JOB SKILLS

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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 $94,345
Program Service Revenue $0
Investment Income $0
Other Revenue $-42,045
TOTAL REVENUE $52,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,038
Fundraising Expenses $0
Program Expenses $103,951
Other Expenses $35,913
TOTAL EXPENSES $103,951

Year-over-Year Comparison

2023 2022 Change
Revenue $52,300 $99,265 -0.5%
Expenses $103,951 $83,651 +0.2%
Net Income $-51,651 $15,614 -4.3%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
1
Independent Members
1
Employees
3
Volunteers
N/A

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
1
$24,432
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENISE SMITH PRESIDENT 40.00
Officer
$24,432 $0 $24,432
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 No data No data No data No data
2023 $52,300 $103,951 $27,246 $-51,651
2022 $99,265 $83,651 $78,897 $15,614
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