The Third Chair (EIN 770693331) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

Scott McKnight

Phone

6169163711

Tax Period

2024-09-01 to 2025-08-31

The Third Chair, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

The Third Chair exists to inspire growth, empower change and celebrate the forward movement of young adults.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $637

Program Service Revenue $1,431,601

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,432,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $293,179

Fundraising Expenses $2,938

Program Expenses $1,093,419

Other Expenses $1,122,283

TOTAL EXPENSES $1,415,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,432,238	$1,289,895	+0.1%
Expenses	$1,415,462	$1,327,166	+0.1%
Net Income	$16,776	$-37,271	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$113,673

Total Directors

$146,127

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott McKnight	President	40	Officer Director	$113,673	$0	$113,673
Joni Cook	Treasurer	25	Director	$32,454	$0	$32,454
Lisa Rathbun	Secretary	1	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	$1,432,238	$1,415,462	$179,785	$16,776
2024	$1,289,895	$1,327,166	$195,240	$-37,271
2023	$1,228,284	$1,185,154	$224,648	$43,130
2023	$1,235,638	$1,244,116	$225,743	$-8,478
2022	$993,509	$958,391	$224,391	$35,118
2021	$872,570	$804,515	$145,905	$68,055
2020	$532,406	$491,575	$91,297	$40,831
2019	$326,740	$338,937	$29,518	$-12,197

The Third Chair