HISTORIC THIRD WARD ASSOCIATION INC (EIN 391460281) - 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

1976

Legal Domicile

Principal Officer

JAMES PLAISTED

Phone

4142731173

Tax Period

2024-01-01 to 2024-12-31

HISTORIC THIRD WARD ASSOCIATION INC, founded in 1976, is a small nonprofit in the Community Improvement sector that reported $820K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $728K left a modest 11% surplus.

Mission

NON-PROFIT NEIGHBORHOOD ASSOCIATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $481,183

Program Service Revenue $334,388

Investment Income $3,221

Other Revenue $827

TOTAL REVENUE $819,619

Expense Breakdown

Grants Paid $12,547

Salaries & Benefits $361,405

Fundraising Expenses $0

Program Expenses $551,010

Other Expenses $353,552

TOTAL EXPENSES $727,504

Year-over-Year Comparison

	2024	2023	Change
Revenue	$819,619	$720,888	+0.1%
Expenses	$727,504	$736,511	0.0%
Net Income	$92,115	$-15,623	-6.9%

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

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

$134,474

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM PLAISTED	EXECUTIVE DIR.	40.00	Officer	$109,926	$24,548	$134,474
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 8/24	1.00	Officer Director	$0	$0	$0
MAL MONTOYA	TREASURER THRU 7/24	1.00	Officer Director	$0	$0	$0
JACK LEMMON	AT-LARGE	1.00	Officer Director	$0	$0	$0
CARRIE ARROUET	DIRECTOR	1.00	Director	$0	$0	$0
SHAWNA BALLINGER	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN DOHEARTY PENNISTON	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
STACEY STEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
KATE STRZOK	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

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	$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

HISTORIC THIRD WARD ASSOCIATION INC