THIRD PARTY RISK ASSOCIATION (EIN 832304238) - 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

2018

Legal Domicile

Principal Officer

Julie Gaiaschi

Phone

5156640513

Tax Period

2023-01-01 to 2023-12-31

THIRD PARTY RISK ASSOCIATION, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $429K in total revenue in fiscal year 2023. Revenue surged 139% from the prior year, signaling strong growth momentum. Expenses of $412K left a modest 4% surplus.

Mission

Our mission is to further the profession of third party risk management through knowledge sharing and networking.

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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 $0

Program Service Revenue $428,676

Investment Income $11

Other Revenue $0

TOTAL REVENUE $428,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,667

Fundraising Expenses $0

Program Expenses $0

Other Expenses $26,560

TOTAL EXPENSES $411,590

Year-over-Year Comparison

	2023	2022	Change
Revenue	$428,687	$179,659	+1.4%
Expenses	$411,590	$201,582	+1.0%
Net Income	$17,097	$-21,923	-1.8%

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

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

Total Directors

Key Employees

$65,494

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Gaiaschi	Chief Executive Officer and Co-Founder	40	Highest	$91,858	$0	$91,858
Meghan Schrader	Marketing	40	Key Emp	$44,869	$0	$44,869
Heather Hadavy	Membership	25	Key Emp	$20,625	$0	$20,625
Emily Chiong	Intern	20		$5,789	$0	$5,789
Vincent Scales	Chairman of the Board	5	Director	$0	$0	$0
Gerald Smith	Member of the BBoard	3	Director	$0	$0	$0
Kim LaBarbiera	Board Member	3	Director	$0	$0	$0
Nicole Makinney	Board Member	3	Director	$0	$0	$0
Corinne Elscott	Secretary	0	Officer	$0	$0	$0
Crystal Berg	Treasurer	10	Officer	$0	$0	$0
Sam Wolf	Board Member	3		$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	$428,687	$411,590	$288,992	$17,097

THIRD PARTY RISK ASSOCIATION