THRESHOLD 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

1996

Legal Domicile

Principal Officer

BILLIE J GUTHRIE

Phone

9196824124

Tax Period

2023-07-01 to 2024-06-30

THRESHOLD INC, founded in 1996, is a small nonprofit that reported $730K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $831K exceeded revenue, resulting in a 14% operating deficit.

Mission

THRESHOLD WORKS TO IMPROVE THE QUALITY OF LIFE FOR ADULTS WITH SEVERE AND PERSISTENT MENTAL ILLNESS IN DURHAM BY PROVIDING AN ENVIRONMENT OF OPPORTUNITIES AND SUPPORT THAT ADDRESSES THE VOCATIONAL, EDUCATIONAL, SOCIAL, RECREATIONAL, AND RESIDENTIAL NEEDS OF ITS CLIENT MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $722,639 Revenue: $485,795

THRESHOLD HELPS ADULTS IN DURHAM COUNTY, NC WITH SEVERE MENTAL ILLNESS STAY OUT OF THE HOSPITAL, SUCCEED AT WORK, ADVANCE THEIR EDUCATION, AND REACH THEIR GOALS. ESTABLISHED IN 1985, THRESHOLD...

THRESHOLD HELPS ADULTS IN DURHAM COUNTY, NC WITH SEVERE MENTAL ILLNESS STAY OUT OF THE HOSPITAL, SUCCEED AT WORK, ADVANCE THEIR EDUCATION, AND REACH THEIR GOALS. ESTABLISHED IN 1985, THRESHOLD FOLLOWS THE FOUNTAIN HOUSE CLUBHOUSE MODEL, AND IS CERTIFIED BY CLUBHOUSE INTERNATIONAL AND CARF. THRESHOLD PROVIDES A FULL SCOPE OF SERVICES INCLUDING PRE-VOCATIONAL TRAINING, SUPPORTED WORK OPPORTUNITIES (PART-TIME FULLY COMPENSATED EMPLOYMENT), LIFE SKILLS DEVELOPMENT, EDUCATIONAL, SOCIAL, AND RECREATIONAL ACTIVITIES. WHILE ATTENDING THRESHOLD, FEWER THAN 10% OF OUR MEMBERS REPORT BEING HOSPITALIZED FOR MENTAL HEALTH REASONS. DURING FISCAL YEAR 23-24: THRESHOLD'S UNDUPLICATED ANNUAL PARTICIPATION FOR ONSITE SERVICES WAS 60 MEMBERS, THRESHOLD PROVIDED APPROXIMATELY 10,000 SUBSIDIZED AND FREE MEALS DURING THE YEAR TO THRESHOLD MEMBERS. THRESHOLD PARTNERS WITH LOCAL NON-PROFITS, UNIVERSITIES AND EMPLOYERS TO AN INDIVIDUALIZED ARRAY OF EDUCATIONAL, HOUSING, EMPLOYMENT SERVICES AND RESOURCES FOR MEMBERS MEMBERS ATTENDING THRESHOLD ENGAGE IN PROGRAMMING THAT BUILDS DAILY LIVING SKILLS, SOCIAL SKILLS AND PRE-VOCATIONAL SKILLS. OUR CURRENT AVERAGE DAILY ATTENDANCE IS 35. WE CURRENTLY SERVE 60 ACTIVE MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $224,509

Program Service Revenue $485,795

Investment Income $19,394

Other Revenue $0

TOTAL REVENUE $729,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $578,084

Fundraising Expenses $18,548

Program Expenses $722,639

Other Expenses $252,994

TOTAL EXPENSES $831,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$729,698	$927,234	-0.2%
Expenses	$831,078	$763,672	+0.1%
Net Income	$-101,380	$163,562	-1.6%

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

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

$99,717

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLIE GUTHRIE	PRESIDENT	1.00	Officer Director	$0	$0	$0
BARRY DAVIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TAYLOR DAVIES	TREASURER	1.00	Officer Director	$0	$0	$0
FELICIA DUNSTON	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROLYN CROWDER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN HERTZ	DIRECTOR	1.00	Director	$0	$0	$0
FRED JONES	DIRECTOR	1.00	Director	$0	$0	$0
JENNIE LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
VALERETTA ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
BETSY SUMNER	DIRECTOR	1.00	Director	$0	$0	$0
TAMARA WINGFIELD	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH BARBER	EXEC. DIRECTOR	40.00	Officer	$84,898	$14,819	$99,717

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
2025	No data	No data	No data	No data
2024	$729,698	$831,078	$1,785,264	$-101,380
2023	$927,234	$763,672	$1,845,291	$163,562
2022	$876,404	$623,746	$1,661,118	$252,658
2021	$498,694	$685,255	$1,693,616	$-186,561
2020	$890,687	$801,813	$1,688,914	$88,874
2019	$797,708	$801,537	$1,466,767	$-3,829