HISTORIC THIRD WARD ASSOCIATION INC

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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

1976

Legal Domicile

Principal Officer

JAMES PLAISTED

Phone

4142731173

Tax Period

2025-01-01 to 2025-12-31

HISTORIC THIRD WARD ASSOCIATION INC, founded in 1976, is a small nonprofit in the Community Improvement sector that reported $900K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $155K, a strong 17% operating margin.

Mission

NON-PROFIT NEIGHBORHOOD ASSOCIATION

Program Service Accomplishments

Program 1

Expenses: $71,930

MARKETING OF THE NEIGHBORHOOD THROUGH THREE MAGAZINE, ADVERTISEMENTS, WEBSITE, MAILING, SOCIAL MEDIA AND THE GUIDE

Program 2

Expenses: $93,067 Revenue: $211,198

EVENTS TO PROMOTE THE AREA INCLUDING, CHRISTMAS IN THE WARD, QUARTLEY GALLERY NIGHT & DAY, SHOP THE WARD, COFFEE BREAK, GATHER AND THE ART FESTIVAL

Program 3

Expenses: $375,138 Revenue: $52,152

MEMBERSHIP SERVICES INCLUDING INFORMATION, ANNUAL GATHERINGS, ETC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $556,268

Program Service Revenue $338,810

Investment Income $3,341

Other Revenue $1,287

TOTAL REVENUE $899,706

Expense Breakdown

Grants Paid $8,622

Salaries & Benefits $374,190

Fundraising Expenses $18,995

Program Expenses $540,135

Other Expenses $362,280

TOTAL EXPENSES $745,092

Year-over-Year Comparison

	2025	2024	Change
Revenue	$899,706	$819,619	+0.1%
Expenses	$745,092	$727,504	+0.0%
Net Income	$154,614	$92,115	+0.7%

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

101

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

$144,530

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH GOODE	PRESIDENT	1.00	Officer Director	$0	$0	$0
NATHAN BERNSTEIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LEANN MESTER	SECRETARY	1.00	Officer Director	$0	$0	$0
ANN HANNA	TREASURER	1.00	Officer Director	$0	$0	$0
STACEY STEINBERG	AT-LARGE	1.00	Officer Director	$0	$0	$0
JACK LEMMON	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE ARROUET	DIRECTOR	1.00	Director	$0	$0	$0
SHAWNA BALLINGER	DIRECTOR	1.00	Director	$0	$0	$0
JOSH AMROZE	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE FUENTES	DIRECTOR	1.00	Director	$0	$0	$0
SARAH PANCHERI	DIRECTOR	1.00	Director	$0	$0	$0
MARY SCHANNING	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
GINA M SPANG	DIRECTOR	1.00	Director	$0	$0	$0
JENNY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
KATE DOWNEY	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN VARELA	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY WADSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA WEBER	DIRECTOR	1.00	Director	$0	$0	$0
JIM PLAISTED	EXECUTIVE DIR.	40.00	Officer	$117,694	$26,836	$144,530

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
2025	$899,706	$745,092	$701,536	$154,614
2024	$819,619	$727,504	$587,722	$92,115
2023	$720,888	$736,511	$543,096	$-15,623
2022	$689,217	$654,220	$609,419	$34,997
2021	$639,489	$663,267	$330,302	$-23,778
2020	$539,791	$489,520	$327,790	$50,271
2019	$598,823	$570,928	$295,075	$27,895
2018	$476,565	$489,621	$253,731	$-13,056