Third Phase Christian Center (EIN 311001890) - Form 990 Financial Analysis & Trantor Score

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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

1980

Legal Domicile

Principal Officer

Steven J Glass

Phone

3177735100

Tax Period

2023-01-01 to 2023-12-31

Third Phase Christian Center, founded in 1980, is a small nonprofit in the Human Services sector that reported $163K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $52K, a strong 32% operating margin.

Mission

Provides aid to troubled young women. Third Phase, Inc. served approximately 186,236 patrons during the accounting period ending 12/31/2022. The patrons were provided food, shelter, counseling and academic education. All activity is unrestricted.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $162,723

Program Service Revenue $0

Investment Income $32

Other Revenue $0

TOTAL REVENUE $162,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,060

Fundraising Expenses $124

Program Expenses $104,735

Other Expenses $67,899

TOTAL EXPENSES $110,959

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,755	$181,847	-0.1%
Expenses	$110,959	$135,545	-0.2%
Net Income	$51,796	$46,302	+0.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

2598

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

Total Directors

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Director	60.00	Director	$40,000	$0	$40,000
N/A	Treasurer	10.00	Officer	$0	$0	$0

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	$162,755	$110,959	$619,716	$51,796
2022	$181,847	$135,545	$567,920	$46,302
2021	$194,276	$171,218	$521,618	$23,058
2020	$178,809	$129,687	$498,560	$49,122
2019	$172,368	$133,993	$449,438	$38,375
2018	$154,607	$135,851	$411,063	$18,756

Third Phase Christian Center