ECONOMIC DEVELOPMENT ON THIRD (EIN 813198441) - 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

2016

Legal Domicile

Principal Officer

EARL SHADDIX

Phone

4155555555

Tax Period

2023-01-01 to 2023-12-31

ECONOMIC DEVELOPMENT ON THIRD, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $985K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

CHARITY

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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 $889,453

Program Service Revenue $92,310

Investment Income $0

Other Revenue $3,004

TOTAL REVENUE $984,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,443

Fundraising Expenses $0

Program Expenses $939,667

Other Expenses $829,550

TOTAL EXPENSES $963,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$984,767	$1,324,406	-0.3%
Expenses	$963,993	$1,240,391	-0.2%
Net Income	$20,774	$84,015	-0.8%

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

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

$123,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EARL SHADDIX	Executive Dir.	40.00	Officer	$123,500	$0	$123,500
KRISTIN HOUK	Chairman	1.00	Officer Director	$0	$0	$0
BARBARA GRATTA	CO-CHAIR	1.00	Officer Director	$0	$0	$0
LISA LITSEY	SECR./TREAS.	1.00	Officer Director	$0	$0	$0
LAWANDA DICKERSON	Director	1.00	Director	$0	$0	$0
JEANNE ANYANWU	Director	1.00	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	No data	No data	No data	No data
2023	$984,767	$963,993	$251,043	$20,774
2022	$1,324,406	$1,240,391	$230,469	$84,015
2021	$942,409	$948,975	$146,254	$-6,566
2020	$730,669	$658,659	$152,620	$72,010
2019	$344,867	$275,442	$81,724	$69,425

ECONOMIC DEVELOPMENT ON THIRD