THE ASSOCIATION'S THIRD PROPERTY INC (EIN 454719355) - 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

ANDREW CAIRES

Phone

4137320531

Tax Period

2023-07-01 to 2024-06-30

THE ASSOCIATION'S THIRD PROPERTY INC, founded in 2012, is a micro nonprofit in the Housing & Shelter sector that reported $44K in total revenue in fiscal year 2023. Expenses of $76K exceeded revenue, resulting in a 74% operating deficit.

Mission

TO PROVIDE HOUSING FOR LOW INCOME ADULTS WITH DISABILITIES.

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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 $25,268

Program Service Revenue $18,225

Investment Income $18

Other Revenue $0

TOTAL REVENUE $43,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,113

Other Expenses $75,568

TOTAL EXPENSES $75,568

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,511	$45,016	0.0%
Expenses	$75,568	$62,143	+0.2%
Net Income	$-32,057	$-17,127	+0.9%

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

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

$293,637

Total Directors

$293,637

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW CAIRES	TREASURER/CLERK	1.00	Officer Director	$0	$26,651	$151,647
JOHN ROBERSON	PRESIDENT	1.00	Officer Director	$0	$7,684	$141,990
KELLY PIGNATARE	DIRECTOR	1.00	Director	$0	$0	$0
GLENN WELCH	DIRECTOR	1.00	Director	$0	$0	$0
MARK GERMAIN	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET HALEY	DIRECTOR	1.00	Director	$0	$0	$0
DENISE COGMAN	DIRECTOR	1.00	Director	$0	$0	$0
JON LUMBRA	DIRECTOR (UNTIL 1/2024)	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
2025	No data	No data	No data	No data
2024	$43,511	$75,568	$652,909	$-32,057
2023	$45,016	$62,143	$681,334	$-17,127
2022	$45,014	$72,514	$693,222	$-27,500
2021	$45,013	$68,699	$721,453	$-23,686
2020	$45,026	$73,838	$746,120	$-28,812
2019	$45,040	$94,862	$789,360	$-49,822
2018	$45,041	$70,226	$831,634	$-25,185

THE ASSOCIATION'S THIRD PROPERTY INC