Threaded Together (EIN 843148291) - 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

Principal Officer

Rachel Kalnbach

Tax Period

2023-01-01 to 2023-12-31

Threaded Together, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $135K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $156K exceeded revenue, resulting in a 16% operating deficit.

Mission

Inspiring creativity and connection through textile arts programs that partner with participants to nurture inclusive communities, cultivate agency, and develop employment pathways for people who have faced personal challenges and institutional injustices.

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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 (2023)

Revenue Breakdown

Contributions & Grants $112,731

Program Service Revenue $22,163

Investment Income $0

Other Revenue $0

TOTAL REVENUE $134,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,150

Fundraising Expenses $0

Program Expenses $152,909

Other Expenses $30,888

TOTAL EXPENSES $156,038

Year-over-Year Comparison

	2023	2022	Change
Revenue	$134,894	$121,168	+0.1%
Expenses	$156,038	$142,666	+0.1%
Net Income	$-21,144	$-21,498	0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eileen Baca	CEO	2.00	Officer	$0	$0	$0
Christina Hoschain	secretary	2.00	Officer	$0	$0	$0
Vanya Watson	Vice President	3.00	Officer	$0	$0	$0
Rachel Kalnbach	President	40.00	Officer Key Emp	$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
2023	$134,894	$156,038	$114,011	$-21,144
2022	$121,168	$142,666	$59,850	$-21,498
2021	$124,758	$145,962	$10,073	$-21,204
2020	$215,132	$186,410	$31,541	$28,722

Threaded Together