BIT HOLDINGS THREE INC

EIN: 521876490

LAS VEGAS, NV

Total Revenue
$43,263,209
Total Expenses
$5,699,038
Total Assets
$737,687,563
Net Assets
$562,582,538
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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
1994
Legal Domicile
MD
Principal Officer
JENNIFER E MATZ
Phone
8664276885
Tax Period
2023-01-01 to 2023-12-31

BIT HOLDINGS THREE INC, founded in 1994, is a mid-sized nonprofit that reported $43.3M in total revenue in fiscal year 2023. The organization ran a surplus of $37.6M, a strong 87% operating margin.

Mission

THE CORPORATION WAS ORGANIZED TO ACQUIRE REAL PROPERTY, HOLD TITLE THERETO, COLLECT INCOME FROM SUCH PROPERTY, AND REMIT THE ENTIRE AMOUNT LESS EXPENSES TO QUALIFIED SHAREHOLDERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $43,263,209
TOTAL REVENUE $43,263,209

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $5,699,038
TOTAL EXPENSES $5,699,038

Year-over-Year Comparison

2023 2022 Change
Revenue $43,263,209 $40,242,400 +0.1%
Expenses $5,699,038 $7,658,228 -0.3%
Net Income $37,564,171 $32,584,172 +0.2%
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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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
11
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RINSE A BRINK EXIT 515 PRES/ASST SEC/ASST TREAS 0.20
Officer Director
$0 $0 $0
AUSTIN CATES EXIT 515 VP/ASSISTANT SECRETARY 0.10
Officer Director
$0 $0 $0
CLAYTON FLANAGAN EXIT 515 VP/ASSISTANT SECRETARY 0.20
Officer Director
$0 $0 $0
CYNTHIA HELMS EXIT 515 VP/SECRETARY/TREASURER 0.20
Officer Director
$0 $0 $0
KENNETH MARTY JR EXIT 515 VP/ASSISTANT SECRETARY 0.10
Officer Director
$0 $0 $0
WILLIAM K MIHM EXIT 515 VP/ASSISTANT SECRETARY 0.10
Officer Director
$0 $0 $0
ROBERT COULMAN EXIT 515 VP/ASSISTANT SECRETARY 0.10
Officer Director
$0 $0 $0
ROBERT N BARNETT III PRESIDENT (ENTER 5/15) 0.10
Officer Director
$0 $0 $0
CHRISTOPHER RANDALL VICE PRESIDENT (ENTER 5/15) 0.10
Officer Director
$0 $0 $0
JENNIFER E MATZ SECRETARY (ENTER 5/15) 0.10
Officer Director
$0 $0 $0
CHRISTOPHER M BLAKE TREASURER (ENTER 5/15) 0.10
Officer Director
$0 $0 $0
N/A TRUSTEE 0.10
$0 $0 $0
N/A TRUSTEE (ENTER 5/15) 0.10
$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 No data No data No data No data
2023 $43,263,209 $5,699,038 $737,687,563 $37,564,171
2022 $40,242,400 $7,658,228 $969,623,957 $32,584,172
2021 $54,861,016 $8,474,675 $1,289,791,914 $46,386,341
2020 $57,252,180 $8,622,054 $1,266,699,189 $48,630,126
2019 $84,651,746 $8,845,241 $1,261,636,622 $75,806,505
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