Thread

Overview

Mission

To advance the quality of early childhood education and child development by empowering parents, educating child care professionals, and collaborating with our communities. Strengthening our partnerships: We extend our heartfelt thanks to our partners for working together to strengthen child care. Our primary partner this year was the State of Alaska, Child Care Program Office (CCPO). We thank them for their invaluable collaboration in continuing to ensure stability in the child care sector. They, like many of you, stood by and worked with **thread** to respond to still critical needs and provide targeted resources. We appreciate your partnership to strengthen our mission and impact. Together, we ensured that children have access to affordable, high-quality care. Thank you for your continued support. Stephanie Berglund.

Operating model

Revenue model

Grant-funded. 96% of the money available for current operations came from government grants.

Distribution model

Hybrid. The nonprofit split its reported program spending across 51% for direct work, and 49% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

• Financial Efficiency: 90
• Transparency & Controls: 88
• Accountability: 100
• Sustainability: 28
• Growth: 100

Detailed rating inputs

Details

• What they do: 6 programs and campaigns described on the official site
• Where the money goes: 90.1% of revenue deployed · 90.7% of spending went to programs
• Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
• Programs: 1 filed program accomplishment · $9.8M in reported program spending
• Leadership: top reported pay $198K · 20 people listed · 5 of 6 pay-setting controls reported
• Highest-paid contractors: 1 contractor listed · $407K reported
• Consistency: 34 of 35 current checks pass · 1 finding to review
• Schedules: 7 filed schedules · includes major donors, grants, and executive pay
• Filing history: 14 filing years from 2011 to 2024
• Contacts: How to reach this organization
• Money network: 18 filed money-flow records
• Related organizations: 13 filed related-organization links
• Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
• People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

• Moderate — Sustainability: Operating margin scored 36/100.
• High — Sustainability: Total-asset coverage ratio scored 10/100.
• Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
• Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
• Moderate — Sustainability: Officer compensation ratio scored 39/100.