Golden Thread Productions (EIN 753009451) - 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

1996

Legal Domicile

Principal Officer

Sahar Assaf

Phone

4156264061

Tax Period

2023-01-01 to 2023-12-31

Golden Thread Productions, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $491K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $666K exceeded revenue, resulting in a 36% operating deficit.

Mission

Golden Thread Productions is the first American theatre company devoted to plays from or about the Middle East Golden Thread's signature programs include ReOrient Festival and Forum, development and production of full-length plays, New Threads staged reading series, Golden Thread Fairytale Players theatre for young audiences, and an annual Women's Day event.

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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 $437,776

Program Service Revenue $48,421

Investment Income $0

Other Revenue $5,020

TOTAL REVENUE $491,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $386,336

Fundraising Expenses $38,293

Program Expenses $448,840

Other Expenses $279,343

TOTAL EXPENSES $665,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$491,217	$664,559	-0.3%
Expenses	$665,679	$611,606	+0.1%
Net Income	$-174,462	$52,953	-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

Governance

Voting Members

Independent Members

Employees

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

$72,181

Total Directors

$72,181

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sahar Assaf	Exec Artist Dir	40.00	Officer Director	$72,181	$0	$72,181
Nora El Samahy	Secretary	1.00	Officer Director	$0	$0	$0
John Atwood	Director	1.00	Director	$0	$0	$0
Humaira Ghilzai	Director	1.00	Director	$0	$0	$0
May Allam	Treasurer	1.00	Officer Director	$0	$0	$0
Murrey Nelson	Director	1.00	Director	$0	$0	$0
Rita Hovakimian	Director	1.00	Director	$0	$0	$0
Babak Sani	President	1.00	Officer Director	$0	$0	$0
Nancy Chemaly	Director	1.00	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	No data	No data	No data	No data
2023	$491,217	$665,679	$705,389	$-174,462
2022	$664,559	$611,606	$916,129	$52,953
2021	$548,500	$347,761	$771,709	$200,739
2020	$812,960	$331,432	$606,534	$481,528
2019	$554,442	$482,017	$92,107	$72,425
2018	$381,076	$380,513	$40,885	$563

Golden Thread Productions