Binding Thread Inc (EIN 833464773) - 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

2019

Legal Domicile

Phone

8125680330

Tax Period

2025-01-01 to 2025-12-31

Binding Thread Inc, founded in 2019, is a small nonprofit in the Human Services sector that reported $890K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $830K left a modest 7% surplus.

Mission

Binding Thread Inc is an organization dedicated to relief of the poor distressed and underprivileged by providing basic needs to orphans through collection and distribution of resources on a regular and consistent basis

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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 (2025)

Revenue Breakdown

Contributions & Grants $842,724

Program Service Revenue $28,601

Investment Income $19,064

Other Revenue $0

TOTAL REVENUE $890,389

Expense Breakdown

Grants Paid $729,342

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $830,294

Other Expenses $100,952

TOTAL EXPENSES $830,294

Year-over-Year Comparison

	2025	2024	Change
Revenue	$890,389	$780,324	+0.1%
Expenses	$830,294	$684,072	+0.2%
Net Income	$60,095	$96,252	-0.4%

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

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

Total Directors

$7,388

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON RUGANI	Executive Director	10.00	Director	$7,388	$0	$7,388
BETH TROMLEY	Shop Manager	0.00	Director	$0	$0	$0
ASHLEY DYE	Advisor	0.00	Director	$0	$0	$0
ZACH SNYDER	Advisor	0.00	Director	$0	$0	$0
NIKKI LEONARD	Advisor	0.00	Director	$0	$0	$0
MICHELE CROWLEY-WATKINS	Advisor	0.00	Director	$0	$0	$0
ALLISON RUGANI	Connection Director	0.00	Officer	$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
2025	$890,389	$830,294	$778,813	$60,095
2024	$780,324	$684,072	$718,718	$96,252
2023	$927,268	$653,266	$628,816	$274,002
2022	$668,201	$767,604	$399,108	$-99,403
2021	$770,420	$652,837	$455,518	$117,583
2020	$601,548	$498,589	$331,491	$102,959
2019	$345,308	$117,035	$228,529	$228,273

Binding Thread Inc