3RD CIRCLE INC (EIN 813215421) - 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

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.

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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 (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

Governance

Voting Members

Independent Members

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

$203,498

Total Directors

$203,498

Key Employees

Highest Compensated

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

3RD CIRCLE INC