THREAD INC

EIN: 841700955 501(c)(3) Youth Development

BALTIMORE, MD

Total Revenue
$8,237,060
Total Expenses
$9,087,065
Total Assets
$14,627,015
Net Assets
$13,887,187
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MD
Principal Officer
DR SARAH HEMMINGER
Phone
4106608343
Tax Period
2023-07-01 to 2024-06-30

THREAD INC, founded in 2006, is a community nonprofit in the Youth Development sector that reported $8.2M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $9.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

SUPPORTS YOUNG PEOPLE FACING THE MOST SIGNIFICANT OPPORTUNITY AND ACHIEVEMENT GAPS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,969,893
Program Service Revenue $0
Investment Income $243,439
Other Revenue $23,728
TOTAL REVENUE $8,237,060

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,524,764
Fundraising Expenses $443,872
Program Expenses $7,870,403
Other Expenses $2,562,301
TOTAL EXPENSES $9,087,065

Year-over-Year Comparison

2023 2022 Change
Revenue $8,237,060 $10,037,741 -0.2%
Expenses $9,087,065 $7,431,317 +0.2%
Net Income $-850,005 $2,606,424 -1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
83
Volunteers
814

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
1
$243,273
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON COPELAND CHAIR 8.00
Director
$0 $0 $0
HEATHER BENZ BOARD MEMBER 2.00
Director
$0 $0 $0
KRISHNA POTARAZU TREASURER 2.00
Director
$0 $0 $0
CHERYL BOYER BOARD MEMBER 2.00
Director
$0 $0 $0
RYAN HEMMINGER BOARD MEMBER 2.00
Director
$0 $0 $0
JAN HOUBOLT BOARD MEMBER 2.00
Director
$0 $0 $0
MARJORIE RODGERS CHESHIRE BOARD MEMBER 2.00
Director
$0 $0 $0
MICHELLE LEFF SECRETARY 2.00
Director
$0 $0 $0
DHAUJEE ROSE BOARD MEMBER 2.00
Director
$0 $0 $0
DESTINY-SIMONE RAMJOHN PHD BOARD MEMBER 2.00
Director
$0 $0 $0
BARRY WILLIAMS BOARD MEMBER 2.00
Director
$0 $0 $0
SARAH HEMMINGER CEO & CO-FOUNDER 60.00
Officer
$235,093 $8,180 $243,273
ALLISON BUCHALTER EVP OF INVOLVEMENT 50.00
Highest
$171,558 $22,075 $193,633
ROLAND SELBY JR MNG DIRECTOR OF INVESTMENT 40.00
Highest
$126,575 $6,297 $132,872
CHARLES SMITH VP OF INTERACTION 40.00
Highest
$133,127 $10,232 $143,359
JOSEPH AZZARELLO DIRECTOR 40.00
Highest
$118,102 $5,534 $123,636
JORDAN WAGNER DIRECTOR OF DATA STRATEGY & OPS 40.00
Highest
$116,591 $3,823 $120,414
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 $8,237,060 $9,087,065 $14,627,015 $-850,005
2023 $10,037,741 $7,431,317 $9,967,708 $2,606,424
2022 $4,591,129 $5,103,597 $7,290,497 $-512,468
2021 $3,507,021 $4,786,622 $9,564,147 $-1,279,601
2020 $3,151,471 $5,188,211 $11,402,223 $-2,036,740
2019 $8,100,625 $4,915,952 $12,776,526 $3,184,673
2018 $10,316,746 $3,736,581 $9,575,127 $6,580,165
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