THREAD 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

2006

Legal Domicile

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

THREAD HARNESSES THE POWER OF RELATIONSHIPS TO CREATE A NEW SOCIAL FABRIC OF DIVERSE INDIVIDUALS DEEPLY ENGAGED WITH YOUNG PEOPLE FACING THE MOST SIGNIFICANT OPPORTUNITY AND ACHIEVEMENT GAPS. OUR COMMUNITY IS COMMITTED TO ENDING SOCIAL ISOLATION AND BUILDING A MORE EQUITABLE CULTURE IN WHICH EVERYONE THRIVES.

Program Service Accomplishments

Program 1

Expenses: $7,870,403 Revenue: $23,728

THREAD INTERVENES IN THE 9TH GRADE AND DISRUPTS THE PATTERN OF ISOLATION THAT LEADS TO ACADEMIC UNDERPERFORMANCE, ENROLLING STUDENTS WHO RANK IN THE BOTTOM 25% OF THEIR CLASS AND WHO FACE AN...

THREAD INTERVENES IN THE 9TH GRADE AND DISRUPTS THE PATTERN OF ISOLATION THAT LEADS TO ACADEMIC UNDERPERFORMANCE, ENROLLING STUDENTS WHO RANK IN THE BOTTOM 25% OF THEIR CLASS AND WHO FACE AN ABUNDANCE OF CHALLENGES OUTSIDE OF THE CLASSROOM. STUDENTS REMAIN IN THREAD FOR 10 YEARS, SURROUNDED BY A GROUP OF UP TO FOUR VOLUNTEERS - A THREAD FAMILY - THAT PROVIDES THE STUDENT WITH CONTINUOUS SUPPORT AND INCREASED ACCESS TO COMMUNITY RESOURCES WHILE DEEPLY ENRICHING THE LIVES OF COMMITTED VOLUNTEERS. ONCE ENROLLED, THREAD COMMITS TO NEVER GIVING UP ON A SINGLE STUDENT, AND OUR STUDENTS CONSISTENTLY DEFY THE ODDS. THREAD STUDENTS COMPLETE HIGH SCHOOL AT A RATE TEN TIMES THAT OF SIMILAR PEERS.

🔒

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 (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

🔒

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

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

$243,273

Total Directors

Key Employees

Highest Compensated

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