3RD CIRCLE INC

EIN: 813215421 501(c)(3) Mental Health

CLARKSTON, MI

Total Revenue
$3,850,172
Total Expenses
$3,789,910
Total Assets
$893,981
Net Assets
$849,536
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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
MI
Principal Officer
MICHAEL CORMIER
Phone
2487952625
Tax Period
2022-10-01 to 2023-09-30

3RD CIRCLE INC, founded in 2016, is a community nonprofit in the Mental Health sector that reported $3.9M in total revenue in fiscal year 2022.

Mission

TO PROVIDE 24 HOUR CARE TO MENTALLY AND PHYSICALLY CHALLENGED ADULTS.

Program Service Accomplishments

Program 1

TO PROVIDE 24 HOUR CARE TO PHYSICALLY AND MENTALLY DISABLED ADULTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,620,708
Program Service Revenue $224,446
Investment Income $5,018
Other Revenue $0
TOTAL REVENUE $3,850,172

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,186,763
Fundraising Expenses $0
Program Expenses $3,247,471
Other Expenses $603,147
TOTAL EXPENSES $3,789,910

Year-over-Year Comparison

2022 2021 Change
Revenue $3,850,172 $3,784,710 +0.0%
Expenses $3,789,910 $3,573,907 +0.1%
Net Income $60,262 $210,803 -0.7%
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

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Governance

Voting Members
6
Independent Members
5
Employees
137
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
3
$203,498
Total Directors
6
$203,498
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CORMIER EXECUTIVE DI 50.00
Officer Director
$203,498 $0 $203,498
TERI DONALDSON VICE-PRESIDE N/A
Officer Director
$0 $0 $0
CHRIS HENCH SECRETARY N/A
Officer Director
$0 $0 $0
TIM JOY PRESIDENT N/A
Director
$0 $0 $0
ASHLEIGH MITCHELL BOARD MEMBER N/A
Director
$0 $0 $0
JIM ROBINSON BOARD MEMBER N/A
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
2023 $3,850,172 $3,789,910 $893,981 $60,262
2022 $3,784,710 $3,573,907 $845,598 $210,803
2021 $3,637,494 $3,168,223 $628,419 $469,271
2020 $2,698,137 $2,571,592 $171,256 $126,545
2019 $1,925,909 $1,978,275 $81,549 $-52,366
2018 $764,074 $721,255 $67,092 $42,819
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