Common Threads of Maine (EIN 833630750) - Form 990 Financial Analysis & Trantor Score

🔒

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

2019

Legal Domicile

Principal Officer

Jo Bell

Phone

2078546900

Tax Period

2024-01-01 to 2024-12-31

Common Threads of Maine, founded in 2019, is a small nonprofit that reported $131K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $152K exceeded revenue, resulting in a 16% operating deficit.

Mission

To promote fulfilling careers in the Maine textile industry by teaching people to become skilled stitchers, advocating for fair treatment in the workplace, and assisting business development.

🔒

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 $58,910

Program Service Revenue $52,766

Investment Income $3,522

Other Revenue $15,897

TOTAL REVENUE $131,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,960

Fundraising Expenses $3,397

Program Expenses $124,004

Other Expenses $51,514

TOTAL EXPENSES $152,474

Year-over-Year Comparison

	2024	2023	Change
Revenue	$131,095	$202,099	-0.4%
Expenses	$152,474	$191,311	-0.2%
Net Income	$-21,379	$10,788	-3.0%

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

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

$107,069

Total Directors

$3,119

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dory Waxman	Board Chair	1.00	Officer Director	$3,119	$0	$3,119
Jill Duson	Treasurer	1.00	Officer Director	$0	$0	$0
Kevin Beal	Secretary	1.00	Officer Director	$0	$0	$0
Pious Ali	Director	1.00	Director	$0	$0	$0
Katie Brown	Director	1.00	Director	$0	$0	$0
Leslie Clark	Director	1.00	Director	$0	$0	$0
Rosemarie De Angelis	Director	1.00	Director	$0	$0	$0
Jo Bell	Co-Executive Director	35.00	Officer	$52,500	$0	$52,500
Apphia Kamanda	Co-Executive Director	35.00	Officer	$51,450	$0	$51,450

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	$131,095	$152,474	No data	$-21,379
2023	$202,099	$191,311	$29,255	$10,788

Common Threads of Maine