Threshold Coc

Nonprofit profile at a glance

EIN
113788955
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-EZ 2017
Location
Omaha, NE, USA
Phone
4023202761
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$12,022,571
Expenses
$11,520,977
Assets
$6,179,959
Liabilities
$26,241

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • ANNE HERMAN (PRESIDENT)
  • KRYSTAL RIDER (VICE PRESIDENT)
  • ANNE HINDERY (PAST BOARD PRESIDENT)
  • JASON FELDHAUS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JASON FELDHAUS (EXECUTIVE DIRECTOR): $117,963 total reported compensation
  • LISA VUKOV (DIRECTOR OF PROGRAMS & COMPLIANCE): $104,474 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Threshold coc mobilizes, advocates, and empowers community collaboration towards ending homelessness and fosters an effective system of crisis response, homelessness prevention, and intervention in the greater omaha-council bluffs metropolitan area.

What it reported doing in 2024

The primary goal of the threshold coc is to facilitate community wide planning and service provision to end homelessness in the omaha and council bluffs community. Threshold coc works with a wide variety of community partners and direct service providers to provide a more focused and data driven system of services while focusing on effective outcomes. Threshold coc works from a collective impact model believing that the most successful systems will create a shared agenda, identify common measurements, have mutually reinforcing activities, have effective communication and provide a strong backbone agency. Threshold coc strives to be that backbone agency on which the community can rely to facilitate, guide and encourage the other components.

Operating model

Revenue model
Grant-funded. 83% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 85% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.6%; rating input score 91
  • Program expense ratio: 94.9%; rating input score 95
  • Fundraising efficiency: $176.57 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 41st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 4.2%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.54; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 77; 77th percentile among comparable filings

Growth

  • Program expense growth: 20.5% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 23.7% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 22.8% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 90.6% of revenue deployed · 94.9% of spending went to programs
  • Governance: 15 of 15 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $10.9M in reported program spending
  • Leadership: top reported pay $118K · 17 people listed
  • Highest-paid contractors: 4 contractors listed · $1M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 10 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Related organizations: 14 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Operating margin scored 51/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.