CITY THREAD (EIN 880867975) - 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

2022

Legal Domicile

Principal Officer

KYLE WAGENSCHUTZ

Phone

7204665228

Tax Period

2024-01-01 to 2024-12-31

CITY THREAD, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $935K, a strong 38% operating margin.

Mission

WE WORK TO CONNECT PEOPLE AND COMMUNITIES. WE IDENTIFY THE RIGHT MIX OF PARTNERS, RESOURCES, STRATEGY, AND ACCOUNTABILITY TO HELP LOCAL LEADERS THINK BROADLY ABOUT THEIR PROJECTS AND OUTCOMES.

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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 $2,351,673

Program Service Revenue $72,200

Investment Income $8,230

Other Revenue $313

TOTAL REVENUE $2,432,416

Expense Breakdown

Grants Paid $60,548

Salaries & Benefits $390,889

Fundraising Expenses $141,101

Program Expenses $1,169,001

Other Expenses $1,045,976

TOTAL EXPENSES $1,497,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,432,416	$1,228,221	+1.0%
Expenses	$1,497,413	$1,087,026	+0.4%
Net Income	$935,003	$141,195	+5.6%

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

N/A

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

$385,900

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZOE KIRCOS	SECRETARY/PA	40.00	Officer	$120,100	$7,200	$127,300
KYLE WAGENSCHUTZ	CFO/PARTNER	40.00	Officer	$120,100	$7,200	$127,300
SARA STUDDARD	PARTNER	40.00	Officer	$120,100	$7,200	$127,300
PATRICK HENDRICKS	PRESIDENT	0.80	Officer Director	$2,000	$0	$2,000
YENDRA RUIZ TENCZA	TREASURER	0.80	Officer Director	$2,000	$0	$2,000
ABBY MILLER	BOARD MEMBER	0.80	Director	$2,000	$0	$2,000

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	$2,432,416	$1,497,413	$1,439,100	$935,003
2023	$1,228,221	$1,087,026	$584,290	$141,195
2022	$677,547	$316,252	$374,345	$361,295

CITY THREAD