THIRD SECTOR CAPITAL PARTNERS INC (EIN 461301032) - 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

CAROLINE WHISTLER

Phone

6179128957

Tax Period

2024-01-01 to 2024-12-31

THIRD SECTOR CAPITAL PARTNERS INC, founded in 2012, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $10.3M in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $13.3M exceeded revenue, resulting in a 29% operating deficit.

Mission

OUR MISSION IS TO TRANSFORM PUBLIC SYSTEMS TO ADVANCE IMPROVED AND EQUITABLE OUTCOMES.

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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 $1,940,294

Program Service Revenue $7,423,693

Investment Income $352,121

Other Revenue $567,984

TOTAL REVENUE $10,284,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,921,539

Fundraising Expenses $36,297

Program Expenses $10,545,129

Other Expenses $4,364,245

TOTAL EXPENSES $13,285,784

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,284,092	$6,113,325	+0.7%
Expenses	$13,285,784	$10,462,653	+0.3%
Net Income	$-3,001,692	$-4,349,328	-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

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

$868,463

Total Directors

$353,000

Key Employees

$1,549,187

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLINE WHISTLER	PRESIDENT &	40.00	Officer Director	$315,497	$37,503	$353,000
SHAROLYN MILLER	MANAGING DIR	40.00	Officer	$226,495	$36,636	$263,131
TIM PENNELL	MANAGING DIR	40.00	Officer	$235,249	$17,083	$252,332
MICHELE ROCHESTER	MANAGING DIR	40.00	Key Emp	$226,938	$19,506	$246,444
TYLER LEWIS	MANAGING DIR	40.00	Key Emp	$226,663	$15,820	$242,483
LAILA BRAVO	MANAGING DIR	40.00	Key Emp	$205,344	$22,645	$227,989
LAKESHA LEE	MANAGING DIR	40.00	Key Emp	$210,433	$15,897	$226,330
WILL RHETT	MANAGING DIR	40.00	Key Emp	$178,169	$37,096	$215,265
OSCAR ALEXANDER BENITEZ	MANAGING DIR	40.00	Key Emp	$200,046	$9,412	$209,458
JOY COATES	MANAGING DIR	40.00	Key Emp	$170,843	$10,375	$181,218
SUSANNAH K PETERSON	DIRECTOR	40.00	Highest	$139,331	$28,325	$167,656
MELISSA PENNEY	DIRECTOR	40.00	Highest	$151,081	$14,449	$165,530
ANNE NEIMAND	DIRECTOR	40.00	Highest	$132,628	$25,381	$158,009
ZACHARY KAMIN	DIRECTOR	40.00	Highest	$143,369	$13,255	$156,624
EMILY MELNICK	DIRECTOR	40.00	Highest	$137,830	$13,255	$151,085
PANKAJ BHANOT	BOARD MEMBER	0.50	Director	$0	$0	$0
REGGIE BICHA	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
OSCAR CHAVEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
MISHAELA DURAN	VICE CHAIR	0.50	Director	$0	$0	$0
TONY GHERARDINI	BOARD MEMBER	0.50	Director	$0	$0	$0
GARY GRAVES	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN KANIA	BOARD MEMBER	0.50	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	$10,284,092	$13,285,784	$23,211,234	$-3,001,692
2023	$6,113,325	$10,462,653	$24,856,257	$-4,349,328
2022	$8,702,199	$8,475,836	$29,043,545	$226,363
2021	$27,551,770	$8,163,110	$27,345,891	$19,388,660
2020	$7,378,636	$8,861,218	$8,904,595	$-1,482,582
2019	$11,702,979	$7,971,487	$9,236,394	$3,731,492
2018	$10,368,845	$7,803,330	$6,024,240	$2,565,515

THIRD SECTOR CAPITAL PARTNERS INC