PUBLIC THREAD X

EIN: 882752338 501(c)(3) Human Services

GRAND RAPIDS, MI

Total Revenue
$514,656
Total Expenses
$148,611
Total Assets
$374,431
Net Assets
$366,045
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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
MI
Principal Officer
JANAY BROWER
Phone
6167451222
Tax Period
2022-10-01 to 2023-09-30

PUBLIC THREAD X, founded in 2022, is a small nonprofit in the Human Services sector that reported $515K in total revenue in fiscal year 2022. The organization ran a surplus of $366K, a strong 71% operating margin.

Mission

TO HELP GROW LIVING WAGE JOBS, PROVIDE TRAINING, EDUCATION AND WORKFORCE DEVELOPMENT OPPORTUNITIES TO SUPPORT A GROWING CREATIVE ECONOMY, AND ADDRESS TEXTILE WASTE THROUGH LARGE SCALE UPCYCLING.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $174,157
Program Service Revenue $0
Investment Income $0
Other Revenue $340,499
TOTAL REVENUE $514,656

Expense Breakdown

Grants Paid $0
Salaries & Benefits $79,009
Fundraising Expenses $9,175
Program Expenses $82,067
Other Expenses $69,602
TOTAL EXPENSES $148,611

Year-over-Year Comparison

2022 2021 Change
Revenue $514,656 N/A N/A
Expenses $148,611 N/A N/A
Net Income $366,045 N/A N/A
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
28

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
5
$49,677
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX CACERES BOARD MEMBER 1.00
Director
$0 $0 $0
BECA VELASZQUEZ PUBLES SECRETARY 1.00
Officer Director
$0 $0 $0
KARI BLISS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JAKE HIMMELSPACH TREASURER 1.00
Officer Director
$0 $0 $0
ALICE JASPER PRESIDENT 1.00
Officer Director
$0 $0 $0
ANNE MARIE HERTL BOARD MEMBER 1.00
Director
$0 $0 $0
JANAY BROWER CHIEF EXECUTIVE OFFICER 40.00
Officer
$49,677 $0 $49,677
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 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
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