PUBLIC THREAD X

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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

JANAY BROWER

Phone

6167451222

Tax Period

2025-01-01 to 2025-12-31

PUBLIC THREAD X, founded in 2022, is a small nonprofit in the Human Services sector that reported $425K in total revenue in fiscal year 2025. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $123K, a strong 29% operating margin.

Mission

TO HELP GROW LIVING WAGE JOBS, PROVIDE TRAINING, EDUCATION AND WORKFORCE DEVELOPMENT OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $143,610

TO PROVIDE BOLD UPCYCLES LUXURY THAT SUPPORTS PEOPLE, THE PLANET, AND THE COMMUNITY. PART OF THIS MISSION IS TO REDUCE TEXTILE WASTE IN KENT COUNTY, MI.

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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 (2025)

Revenue Breakdown

Contributions & Grants $433,794

Program Service Revenue $0

Investment Income $0

Other Revenue $-8,610

TOTAL REVENUE $425,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,022

Fundraising Expenses $1,753

Program Expenses $143,610

Other Expenses $189,791

TOTAL EXPENSES $302,566

Year-over-Year Comparison

	2025	2024	Change
Revenue	$425,184	$655,848	-0.4%
Expenses	$302,566	$905,674	-0.7%
Net Income	$122,618	$-249,826	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANAY BROWER	FOUNDER & EX	N/A	Director	$0	$0	$0
ANNE MARIE HERTL	PRESIDENT	N/A	Director	$0	$0	$0
ALICE JASPER	MEMBER	N/A	Director	$0	$0	$0
WINSOME KIRTON	MEMBER	N/A	Director	$0	$0	$0
ALMA OBANDE	MEMBER	N/A	Director	$0	$0	$0
BECA VELAZQUEZ-PUBLES	SECRETARY	N/A	Director	$0	$0	$0
ELIZABTH WILLIAMS	MEMBER	N/A	Director	$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	$425,184	$302,566	$303,476	$122,618
2024	No data	No data	No data	No data
2023	$514,656	$148,611	$374,431	$366,045
2023	$102,079	$139,781	$424,779	$-37,702