NSP III INC (EIN 364728400) - 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

2012

Legal Domicile

Principal Officer

STEVEN WELCH

Phone

8132722244

Tax Period

2023-01-01 to 2023-12-31

NSP III INC, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $233K in total revenue in fiscal year 2023. Expenses of $308K exceeded revenue, resulting in a 32% operating deficit.

Mission

TO ACQUIRE AND MANAGE PROPERTIES TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME FAMILIES.

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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 $0

Program Service Revenue $228,325

Investment Income $5,172

Other Revenue $0

TOTAL REVENUE $233,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,539

Fundraising Expenses $0

Program Expenses $273,159

Other Expenses $267,950

TOTAL EXPENSES $308,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,497	$221,283	+0.1%
Expenses	$308,489	$279,017	+0.1%
Net Income	$-74,992	$-57,734	+0.3%

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

N/A

Volunteers

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

$699,830

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY SIKORSKI	DIRECTOR	1.00	Director	$0	$0	$0
DAVID TARABOCCHIA	TREASURER/SECRETARY	1.00	Director	$0	$0	$0
JENNIFER BOSSON	VICE CHAIR	1.00	Director	$0	$0	$0
EDI ERB	CHAIR	1.00	Director	$0	$0	$0
CAROLYN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JASON SUMERAU	DIRECTOR	1.00	Director	$0	$0	$0
ROAYA TYSON	CEO	1.00	Officer	$0	$38,786	$386,863
STEVEN WELCH	CFO	1.00	Officer	$0	$28,211	$312,967
JOSEPH RUTHERFORD	FORMER CEO	1.00		$0	$17,552	$150,236

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	$233,497	$308,489	$2,356,942	$-74,992
2022	$221,283	$279,017	$2,403,186	$-57,734
2021	$186,257	$256,701	$2,462,414	$-70,444
2020	$187,913	$254,665	$2,522,124	$-66,752
2019	$183,948	$235,999	$2,587,362	$-52,051
2018	$174,193	$234,437	$2,662,238	$-60,244

NSP III INC