Threshold Inc

Nonprofit profile at a glance

EIN
561458745
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Durham, NC, USA
Phone
9196824124
Rating
88
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$1,005,685
Expenses
$971,006
Assets
$1,825,755
Liabilities
$94,767

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

Leadership & pay

13 people listed

Executive titles in this filing

  • TAYLOR DAVIES (PRESIDENT)
  • SUSAN HERTZ (VICE PRESIDENT)
  • ELIZABETH BARBER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ELIZABETH BARBER (EXECUTIVE DIRECTOR): $87,008 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 works to improve the quality of life for adults with severe and persistent mental illness in durham county by providing a supportive environment with opportunities that address vocational, educational, social, recreational, and residential needs.

What it reported doing in 2024

Threshold helps adults in durham county, North Carolina, with severe and persistent mental illness reduce hospitalizations, obtain and maintain employment, pursue education, and achieve personal goals. Established in 1985, threshold follows the fountain house clubhouse model and is accredited by clubhouse international and carf.the organization provides a comprehensive range of services, including pre-vocational training, supported employment opportunities (part-time, fully compensated positions), life skills development, and educational, social, and recreational activities. Fewer than 10% of participating members report hospitalization for mental health reasons while engaged in the program.threshold serves approximately 60 unduplicated members annually through onsite services and provides subsidized and free meals to support member participation. The organization partners with local nonprofits, universities, and employers to offer an individualized array of educational, housing, and employment services and resources. Members engage in programming designed to build daily living, social, and pre-vocational skills, with an average daily attendance of approximately 35 participants. New accomplishments include the receipt of a grant from labcorp, expanding the organization's base of support, and the celebration of 40 years of providing mental health services to the durham community.

Operating model

Revenue model
Earned-program. 64% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.4%; rating input score 90
  • Program expense ratio: 88.8%; rating input score 89
  • Fundraising efficiency: $22.96 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: 3.4%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 1.88; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 9%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: 0.8% per year; rating input score 100; 21st percentile among comparable filings
  • Revenue growth: 0.7% per year; rating input score 100; 17th percentile among comparable filings
  • Asset growth: 1.7% per year; rating input score 100; 24th percentile among comparable filings

Details

  • Where the money goes: 90.4% of revenue deployed · 88.8% of spending went to programs
  • Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $862K in reported program spending
  • Leadership: top reported pay $87K · 13 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Moderate — Sustainability: Operating margin scored 46/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 40/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.