Third Place Technologies (EIN 472732864) - 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

2014

Legal Domicile

Principal Officer

Shelly Farnham

Phone

2062263586

Tax Period

2023-01-01 to 2023-12-31

Third Place Technologies, founded in 2014, is a small nonprofit in the Science & Technology sector that reported $138K in total revenue in fiscal year 2023. Revenue surged 159% from the prior year, signaling strong growth momentum.

Mission

Our mission to foster interdisciplinary collaboration, community, and life-long learning for artists, creative technologists, and civic activists. We provide spaces, events, and new technologies for the creative community at the intersection of art, technology, and civic engagement to create, collaborate, learn, and share their work.

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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 $90,681

Program Service Revenue $47,476

Investment Income $0

Other Revenue $0

TOTAL REVENUE $138,157

Expense Breakdown

Grants Paid $26,563

Salaries & Benefits $52,276

Fundraising Expenses $0

Program Expenses $111,983

Other Expenses $64,288

TOTAL EXPENSES $143,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$138,157	$53,393	+1.6%
Expenses	$143,127	$53,467	+1.7%
Net Income	$-4,970	$-74	+66.2%

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

$19,594

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beanne Hull	Board Member	2.00	Director	$0	$0	$0
Shelly Farnham	President of the Board of Directors	20.00	Officer Director	$0	$0	$0
Al Boss	Board Member	0.50	Director	$0	$0	$0
Genevieve Tremblay	Board Member	2.00	Director	$0	$0	$0
Jeffrey Larson	Board Member	3.00	Director	$0	$0	$0
Joshua Lind	Board Member	0.50	Director	$0	$0	$0
Jeff Brice	Board member	0.20	Director	$0	$0	$0
Sean Draine	Board Member	0.20	Director	$0	$0	$0
Karen Molesky	Gallery Manager	15.00	Key Emp	$19,594	$0	$19,594

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	No data	No data	No data	No data
2023	$138,157	$143,127	$8,404	$-4,970
2022	$53,393	$53,467	$13,521	$-74
2021	$86,902	$76,305	$13,597	$10,597

Third Place Technologies