I came up with this based on the above
using System;
using System.Threading;
using System.Timers;
using log4net;
using Timer = System.Timers.Timer;
namespace somewhere
{
    public class ThreadStatsLogger : IDisposable
    {
        private const int DEPLETION_WARN_LEVEL = 10;
        private const int HISTERESIS_LEVEL = 10;
    private const double SAMPLE_RATE_MILLISECONDS = 500;
    private bool _workerThreadWarned = false;
    private bool _ioThreadWarned = false;
    private bool _minWorkerThreadLevelWarned = false;
    private bool _minIoThreadLevelWarned = false;
    private readonly int _maxWorkerThreadLevel;
    private readonly int _maxIoThreadLevel;
    private readonly int _minWorkerThreadLevel;
    private readonly int _minWorkerThreadLevelRecovery;
    private readonly int _minIoThreadLevel;
    private readonly int _minIoThreadLevelRecovery;
    private Timer _timer;
    private static readonly ILog _logger = LogManager.GetLogger(System.Reflection.MethodBase.GetCurrentMethod().DeclaringType);
    public ThreadStatsLogger()
    {
        _timer = new Timer
        {
            AutoReset = true,
            Interval = SAMPLE_RATE_MILLISECONDS,
        };
        _timer.Elapsed += TimerElasped;
        _timer.Start();
        ThreadPool.GetMinThreads(out _minWorkerThreadLevel, out _minIoThreadLevel);
        ThreadPool.GetMaxThreads(out _maxWorkerThreadLevel, out _maxIoThreadLevel);
        ThreadPool.GetAvailableThreads(out int workerAvailable, out int ioAvailable);
        _logger.InfoFormat("Thread statistics at startup: minimum worker:{0} io:{1}", _minWorkerThreadLevel, _minIoThreadLevel );
        _logger.InfoFormat("Thread statistics at startup: maximum worker:{0} io:{1}", _maxWorkerThreadLevel, _maxIoThreadLevel);
        _logger.InfoFormat("Thread statistics at startup: available worker:{0} io:{1}", workerAvailable, ioAvailable);
        _minWorkerThreadLevelRecovery = (_minWorkerThreadLevel * 3) / 4;
        _minIoThreadLevelRecovery = (_minIoThreadLevel * 3) / 4;
        if (_minWorkerThreadLevelRecovery == _minWorkerThreadLevel) _minWorkerThreadLevelRecovery = _minWorkerThreadLevel - 1;
        if (_minIoThreadLevelRecovery == _minIoThreadLevel) _minIoThreadLevelRecovery = _minIoThreadLevel - 1;
    }
    private void TimerElasped(object sender, ElapsedEventArgs e)
    {
        ThreadPool.GetAvailableThreads(out int availableWorkerThreads, out int availableIoThreads);
        var activeWorkerThreads = _maxWorkerThreadLevel - availableWorkerThreads;
        var activeIoThreads = _maxIoThreadLevel - availableIoThreads;
        _logger.InfoFormat("Thread statistics: active worker:{0} io:{1}", activeWorkerThreads, activeIoThreads);
        if (activeWorkerThreads > _minWorkerThreadLevel && !_minWorkerThreadLevelWarned)
        {
            _logger.InfoFormat("Thread statistics WARN active worker threads above minimum {0}:{1}", activeWorkerThreads, _minWorkerThreadLevel);
            _minWorkerThreadLevelWarned = !_minWorkerThreadLevelWarned;
        }
        if (activeWorkerThreads < _minWorkerThreadLevelRecovery && _minWorkerThreadLevelWarned)
        {
            _logger.InfoFormat("Thread statistics RECOVERY active worker threads below minimum {0}:{1}", activeWorkerThreads, _minWorkerThreadLevel);
            _minWorkerThreadLevelWarned = !_minWorkerThreadLevelWarned;
        }
        if (activeIoThreads > _minIoThreadLevel && !_minIoThreadLevelWarned)
        {
            _logger.InfoFormat("Thread statistics WARN active io threads above minimum {0}:{1}", activeIoThreads, _minIoThreadLevel);
            _minIoThreadLevelWarned = !_minIoThreadLevelWarned;
        }
        if (activeIoThreads < _minIoThreadLevelRecovery && _minIoThreadLevelWarned)
        {
            _logger.InfoFormat("Thread statistics RECOVERY active io threads below minimum {0}:{1}", activeIoThreads, _minIoThreadLevel);
            _minIoThreadLevelWarned = !_minIoThreadLevelWarned;
        }
        if (availableWorkerThreads < DEPLETION_WARN_LEVEL && !_workerThreadWarned)
        {
            _logger.InfoFormat("Thread statistics WARN available worker threads below warning level {0}:{1}", availableWorkerThreads, DEPLETION_WARN_LEVEL);
            _workerThreadWarned = !_workerThreadWarned;
        }
        if (availableWorkerThreads > (DEPLETION_WARN_LEVEL + HISTERESIS_LEVEL) && _workerThreadWarned)
        {
            _logger.InfoFormat("Thread statistics RECOVERY available worker thread recovery {0}:{1}", availableWorkerThreads, DEPLETION_WARN_LEVEL);
            _workerThreadWarned = !_workerThreadWarned;
        }
        if (availableIoThreads < DEPLETION_WARN_LEVEL && !_ioThreadWarned)
        {
            _logger.InfoFormat("Thread statistics WARN available io threads below warning level {0}:{1}", availableIoThreads, DEPLETION_WARN_LEVEL);
            _ioThreadWarned = !_ioThreadWarned;
        }
        if (availableIoThreads > (DEPLETION_WARN_LEVEL + HISTERESIS_LEVEL) && _ioThreadWarned)
        {
            _logger.InfoFormat("Thread statistics RECOVERY available io thread recovery {0}:{1}", availableIoThreads, DEPLETION_WARN_LEVEL);
            _ioThreadWarned = !_ioThreadWarned;
        }
    }
    public void Dispose()
    {
        if (_timer == null) return;
        _timer.Close();
        _timer.Dispose();
        _timer = null;
    }
}
}