THREAD GROUP INC (EIN 471172966) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

VIVIDH SIDDHA

Phone

9252756644

Tax Period

2024-01-01 to 2024-12-31

THREAD GROUP INC, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $549K, a strong 19% operating margin.

Mission

THROUGH INDUSTRY COLLABORATION, THE THREAD GROUP DELIVERS AN OPEN AND GLOBAL WIRELESS MESH NETWORKING PROTOCOL THAT EXTENDS IP INFRASTRUCTURE IN HOMES AND BUILDINGS. THIS LOW-POWER, RELIABLE AND SECURE NETWORK ENABLES THE MOST DIVERSE ECOSYSTEM OF IOT DEVICES.

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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 $0

Program Service Revenue $2,827,000

Investment Income $54,601

Other Revenue $0

TOTAL REVENUE $2,881,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,332,542

TOTAL EXPENSES $2,332,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,881,601	$2,229,092	+0.3%
Expenses	$2,332,542	$2,183,545	+0.1%
Net Income	$549,059	$45,547	+11.1%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIVIDH SIDDHA	PRESIDENT & DIRECTOR	8.00	Officer Director	$0	$0	$0
KEVIN KRAUS	TREASURER & DIRECTOR	5.00	Officer Director	$0	$0	$0
ARNULF RUPP	SECRETARY & DIRECTOR	3.00	Officer Director	$0	$0	$0
JONATHAN HUI	VP OF TECHNOLOGY & DIRECTO	8.00	Officer Director	$0	$0	$0
SUJATA NEIDIG	VP OF MARKETING & DIRECTOR	8.00	Officer Director	$0	$0	$0
BILL SMITH	DIRECTOR	2.50	Director	$0	$0	$0
THOMAS KUROWSKI	VP OF COMMERCIAL, VPA OF EUROPEAN REGION & DIRECTO	6.00	Officer Director	$0	$0	$0
ROLF DE VEGT	DIRECTOR	2.50	Director	$0	$0	$0
JEAN-MICHEL ORSAT	DIRECTOR	2.50	Director	$0	$0	$0
GABE KASSEL	DIRECTOR	2.50	Director	$0	$0	$0
CRAIG BABCOCK	DIRECTOR	2.50	Director	$0	$0	$0
TOM MANLEY	DIRECTOR	2.50	Director	$0	$0	$0
JORDAN CRAFTS	DIRECTOR	2.50	Director	$0	$0	$0
KRZYSZTOK LOSKA	DIRECTOR	2.50	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	$2,881,601	$2,332,542	$2,564,824	$549,059
2023	$2,229,092	$2,183,545	$1,978,026	$45,547
2023	$2,229,092	$2,183,545	$1,978,026	$45,547
2022	$2,013,102	$1,855,239	$1,526,630	$157,863
2021	$1,657,288	$1,463,291	$1,431,071	$193,997
2020	$1,543,423	$1,421,937	$1,122,223	$121,486
2019	$1,797,537	$1,727,261	$1,159,465	$70,276
2018	$1,944,485	$1,509,348	$1,245,373	$435,137

THREAD GROUP INC