THIRD SPACE FOUNDRY

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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

2013

Legal Domicile

Principal Officer

Tristan Ursell

Phone

4582104987

Tax Period

2022-01-01 to 2022-12-31

THIRD SPACE FOUNDRY, founded in 2013, is a small nonprofit in the Education sector that reported $319K in total revenue in fiscal year 2022. Revenue surged 1276264% from the prior year, signaling strong growth momentum. The organization ran a surplus of $256K, a strong 80% operating margin.

Mission

We offer fiscal sponsorship, including financial-logistical support for community art, technology, and science-education projects that bring people together and inspire curiosity and increase understanding of our natural and human world.

Program Service Accomplishments

Program 1

Expenses: $55,429 Revenue: $0

For our sole project in 2022, we provided financial logistical support, fiscal sponsorship, and project advising for a large public art installation at Burning Man 2022, a music, art, and cultural...

For our sole project in 2022, we provided financial logistical support, fiscal sponsorship, and project advising for a large public art installation at Burning Man 2022, a music, art, and cultural festival attended by over 80,000 people and held between August 28 and September 5, 2022, at Black Rock Desert, Nevada, USA. Our project -- called Sonic Sphere -- was a one-of-a-kind, highly technical 3D sound immersion experience inside a large custom metal polyhedron.

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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 (2022)

Revenue Breakdown

Contributions & Grants $319,091

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $319,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,429

Other Expenses $63,427

TOTAL EXPENSES $63,427

Year-over-Year Comparison

	2022	2021	Change
Revenue	$319,091	$25	+12762.6%
Expenses	$63,427	$2,523	+24.1%
Net Income	$255,664	$-2,498	-103.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anna-Marie Clifton	Director	1.00	Officer Director	$0	$0	$0
Tristan Ursell	Treasurer	1.00	Officer Director	$0	$0	$0
Eric Nguyen	Secretary	1.00	Officer 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
2022	$319,091	$63,427	$275,901	$255,664