THREAD CAPITAL INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

PATRICK WOODIE

Phone

9192124950

Tax Period

2024-07-01 to 2025-06-30

THREAD CAPITAL INC, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $4.5M exceeded revenue, resulting in a 176% operating deficit.

Mission

THREAD CAPITAL BELIEVES EVERYONE DESERVES THE CHANCE TO BE SUCCESSFUL. WE GIVE PEOPLE THE TOOLS THEY NEED TO PURSUE THEIR SMALL-BUSINESS DREAMS, AND CREATE A BETTER TOMORROW FOR THEMSELVES, THEIR FAMILIES, AND THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $4,201,016 Revenue: $1,446,951

LENDING PROGRAM - IN MAY OF 2024, MANAGEMENT OF THREAD CAPITAL BEGAN A STRATEGIC ASSESSMENT OF OPERATIONS, INCLUDING TEMPORARILY CEASING LOAN ORIGINATIONS WHILE CONTINUING TO SERVICE EXISTING LOANS OUTSTANDING. THIS ASSESSMENT CULMINATED IN A NEW CAPITAL ACCESS FRAMEWORK WHERE THREAD WILL SUPPORT SMALL BUSINESS LENDING IN AN INTERMEDIARY ROLE INSTEAD OF A DIRECT LENDING ROLE. CURRENTLY, THREAD IS PLANNING AND INIATING THIS NEW FRAMEWORK. IT WILL CONTINUE TO SERVICE LOANS THAT HAD ALREADY BEEN ORIGINATED. PRIOR TO THIS ASSESSMENT, THREAD CAPITAL OFFERED SMALL BUSINESS LOANS FROM $500 TO $250,000 TO BUSINESSES THAT WERE NOT EFFECTIVELY SERVED BY THE TRADITIONAL FINANCIAL SYSTEM. IT ALSO PROVIDED LOANS TO BUSINESSES THAT HAVE BEEN IMPACTED BY EITHER NATURAL DISASTERS OR THE GLOBAL PANDEMIC. IN ADDITION TO CAPITAL ACCESS, THREAD CAPITAL ALSO PROVIDED COACHING AND CONNECTIONS TO SMALL BUSINESSES AND ENTREPRENEURS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $45,000

Program Service Revenue $1,446,951

Investment Income $120,775

Other Revenue $0

TOTAL REVENUE $1,612,726

Expense Breakdown

Grants Paid $3,276,208

Salaries & Benefits $310,773

Fundraising Expenses $0

Program Expenses $4,201,016

Other Expenses $871,444

TOTAL EXPENSES $4,458,425

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,612,726	$7,228,789	-0.8%
Expenses	$4,458,425	$3,021,846	+0.5%
Net Income	$-2,845,699	$4,206,943	-1.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$615,546

Total Directors

$435,546

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK WOODIE	DIRECTOR	1.00	Director	$0	$51,084	$435,546
ANDY ANDERSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JOSEPH STANLEY	TREASURER	1.00	Officer Director	$0	$0	$0
KIM GRAHAM	SECRETARY	1.00	Officer Director	$0	$0	$0
RYAN AMMANN	DIRECTOR	1.00	Director	$0	$0	$0
JOSE ALVAREZ	DIRECTOR	1.00	Director	$0	$0	$0
AL BASS	DIRECTOR	1.00	Director	$0	$0	$0
GRANT GODWIN	DIRECTOR	1.00	Director	$0	$0	$0
JUVENCIO ROCHA-PERALTA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN STOKES	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY BENNETT WESTON	DIRECTOR (TO DEC '24)	1.00	Director	$0	$0	$0
CAROLYN RHODES	COO	1.00	Officer	$0	$36,358	$340,237
FRANKLIN ROBERTS	CFO & ASST TREASURER	1.00	Officer	$0	$39,310	$275,309
JONATHAN BRERETON	EXECUTIVE DIRECTOR (TO AUG '23)	20.00		$0	$0	$237,735

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	$1,612,726	$4,458,425	$11,672,551	$-2,845,699
2024	$7,228,789	$3,021,846	$15,959,507	$4,206,943
2023	$3,034,496	$2,494,891	$11,368,374	$539,605
2022	$1,469,550	$2,568,332	$10,988,241	$-1,098,782
2021	$3,562,695	$2,068,967	$10,500,992	$1,493,728
2020	$3,838,887	$1,776,207	$10,857,847	$2,062,680
2019	$8,078,528	$685,706	$7,470,509	$7,392,822