THREAD CREEK (EIN 872757464) - 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

2021

Legal Domicile

Principal Officer

SHEA PRISK

Phone

2487629302

Tax Period

2024-01-01 to 2024-12-31

THREAD CREEK, founded in 2021, is a small nonprofit in the Human Services sector that reported $393K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $375K left a modest 5% surplus.

Mission

BETTER COFFEE, LIVES CHANGED

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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 $7,608

Program Service Revenue $385,512

Investment Income $0

Other Revenue $0

TOTAL REVENUE $393,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,532

Fundraising Expenses $0

Program Expenses $374,648

Other Expenses $247,116

TOTAL EXPENSES $374,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,120	$311,427	+0.3%
Expenses	$374,648	$288,946	+0.3%
Net Income	$18,472	$22,481	-0.2%

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
SHEA PRISK	PRESIDENT	8.00	Officer	$0	$0	$0
SUE SECHRIST	SECRETARY/TREASURER	2.00	Officer	$0	$0	$0
DAVID REED	DIRECTOR	0.25	Officer	$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
2024	$393,120	$374,648	$216,576	$18,472
2023	$311,427	$288,946	$183,658	$22,481

THREAD CREEK