ACT-A Common Thread (EIN 851799580) - 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

2020

Legal Domicile

Principal Officer

Brenda Jallits

Phone

2532198017

Tax Period

2024-07-01 to 2025-06-30

ACT-A Common Thread, founded in 2020, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

ACT - A Common Thread ACT is a nonprofit organization established in 2020. ACT's mission is to provide free self-serve farmer markets to remote locations, senior living facilities, mobile home courts and other facilities across Pierce, Thurston, Lewis and King Counties of Washington State. ACT procures its food primarily through donations and receives funding from government grants and contracts administered by the Washington State Department of Agriculture. ACT's operating model relies on use of volunteer labor and generally allows for donated food to be picked up from donors and distributed to those in need within these communities within the same day.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,233,729

Program Service Revenue $46,391

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,280,120

Expense Breakdown

Grants Paid $4,781,206

Salaries & Benefits $151,272

Fundraising Expenses $1,811

Program Expenses $5,291,540

Other Expenses $448,580

TOTAL EXPENSES $5,381,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,280,120	$5,850,719	-0.1%
Expenses	$5,381,058	$5,951,319	-0.1%
Net Income	$-100,938	$-100,600	+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

333

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

$106,425

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Schull	Treasurer	40.00	Director	$106,425	$0	$106,425
Diana Borroughs	Secretary	20.00	Director	$0	$0	$0
Elizabeth Larson	Vice President	10.00	Director	$0	$0	$0
Brenda Jallits	President	40.00		$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	$5,280,120	$5,381,058	$281,666	$-100,938
2024	$5,850,719	$5,951,319	$397,975	$-100,600
2023	$2,981,582	$2,677,493	$580,886	$304,089
2022	$3,212,929	$3,029,276	$269,119	$183,653
2022	$663,014	$448,412	$270,705	$214,602

ACT-A Common Thread