Third Avenue Charitable Organization (EIN 330711272) - 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

1995

Legal Domicile

Principal Officer

LORENA GALLIGAN

Phone

6192359445

Tax Period

2023-01-01 to 2023-12-31

Third Avenue Charitable Organization, founded in 1995, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $497K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 23% operating margin.

Mission

TACO is a community to support people experiencing homelessness

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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 $448,613

Program Service Revenue $0

Investment Income $465

Other Revenue $47,683

TOTAL REVENUE $496,761

Expense Breakdown

Grants Paid $12,198

Salaries & Benefits $267,576

Fundraising Expenses $2,333

Program Expenses $242,422

Other Expenses $101,774

TOTAL EXPENSES $381,548

Year-over-Year Comparison

	2023	2022	Change
Revenue	$496,761	$274,922	+0.8%
Expenses	$381,548	$386,174	0.0%
Net Income	$115,213	$-111,252	-2.0%

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

1550

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

$71,500

Total Directors

$71,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN FLEMING	Executive Director	40.00	Officer Director	$71,500	$0	$71,500
KURT CHRISTENSEN	Board Member	N/A	Director	$0	$0	$0
JACK DAILEY	Vice President	N/A	Officer Director	$0	$0	$0
NANCY AELING	Secretary	N/A	Officer Director	$0	$0	$0
MARGY SCHMITT AJER	President	N/A	Officer Director	$0	$0	$0
SARON YITBAREK	Board Member	N/A	Director	$0	$0	$0
WILL SHEA	Board Member	N/A	Director	$0	$0	$0
PAUL ENGEL	Board Member	N/A	Director	$0	$0	$0
KARA OIEN	Board Member	N/A	Director	$0	$0	$0
JILL JOHNSON	Treasure	N/A	Director	$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	$496,761	$381,548	$269,049	$115,213
2022	$274,922	$386,174	$165,237	$-111,252
2021	$389,608	$348,681	$312,068	$40,927
2020	$528,703	$396,663	$334,830	$132,040

Third Avenue Charitable Organization