THIRD WAY CENTER INC

EIN: 840599572 501(c)(3) Mental Health

DENVER, CO

Total Revenue
$19,520,935
Total Expenses
$14,184,380
Total Assets
$22,852,021
Net Assets
$18,615,816
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
CO
Principal Officer
DAVID KOEHLER
Phone
3037809191
Tax Period
2023-01-01 to 2023-12-31

THIRD WAY CENTER INC, founded in 1970, is a mid-sized nonprofit in the Mental Health sector that reported $19.5M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 27% operating margin.

Mission

THE ORGANIZATION WAS INCORPORATED TO OPERATE FIVE RESIDENTIAL TREATMENT FACILITIES WHICH PROVIDES CARE AND COUNSELING FOR ADOLESCENTS ASSIGNED TO IT BY MUNICIPAL GOVERNMENTAL AGENCIES AND THROUGH PRIVATE PLACEMENT.

Program Service Accomplishments

Program 1
Expenses: $9,705,817 Revenue: $16,443,362

TREATMENT - PROVIDE ROOM, BOARD, SUPPORT, GUIDANCE AND COUNSELING TO MINORS ASSIGNED TO THIRD WAY CENTER BY COUNTIES AND PRIVATE AGENCIES.

Program 2
Expenses: $2,317,688 Revenue: $2,246,117

EDUCATION - PROVIDE AN EDUCATION PROGRAM FOR THE BENEFIT OF RESIDENTS WHO CANNOT FUNCTION IN A STANDARD PUBLIC SCHOOL SYSTEM AS AN ALTERNATIVE MEANS OF CONTINUING THEIR EDUCATION WHILE RECEIVING...

Read more

EDUCATION - PROVIDE AN EDUCATION PROGRAM FOR THE BENEFIT OF RESIDENTS WHO CANNOT FUNCTION IN A STANDARD PUBLIC SCHOOL SYSTEM AS AN ALTERNATIVE MEANS OF CONTINUING THEIR EDUCATION WHILE RECEIVING TREATMENT.

Program 3
Expenses: $54,019 Revenue: $84,092

NEXT STEPS PROGRAM PROVIDES AFTER EMANCIPATION ASSISTANCE AND SUPERVISION.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $771,351
Program Service Revenue $18,773,571
Investment Income $82,806
Other Revenue $-106,793
TOTAL REVENUE $19,520,935

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,128,468
Fundraising Expenses $244,486
Program Expenses $12,077,524
Other Expenses $3,055,912
TOTAL EXPENSES $14,184,380

Year-over-Year Comparison

2023 2022 Change
Revenue $19,520,935 $15,890,670 +0.2%
Expenses $14,184,380 $12,534,543 +0.1%
Net Income $5,336,555 $3,356,127 +0.6%
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

Sign In

Governance

Voting Members
12
Independent Members
10
Employees
226
Volunteers
101

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
4
$690,800
Total Directors
14
$690,800
Key Employees
1
$236,502
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HILDEGARD MESSENBAUGH MD MEDICAL DIRECTOR 40.00
Officer Director
$224,176 $0 $224,176
DAVID EISNER EXECUTIVE DIRECTOR-RETIRED 2023 40.00
Officer Director
$52,593 $1,734 $54,327
RENEE JOHNSON EXECUTIVE DIRECTOR 40.00
Officer Director
$206,160 $11,100 $217,260
DAVID KOEHLER ASST EXECUTIVE DIRECTOR 40.00
Officer Director
$191,986 $3,051 $195,037
BRENDAN BARTIC BOARD CHAIR 2.00
Director
$0 $0 $0
GARY GRAY VICE CHAIR 2.00
Director
$0 $0 $0
JEAN E SMITH GONNELL BOARD SECRETARY 2.00
Director
$0 $0 $0
PATRICK SOBERS BOARD TREASURER 2.00
Director
$0 $0 $0
DAVID EISNER BOARD MEMBER 2.00
Director
$0 $0 $0
MEG EVERETT BOARD MEMBER 2.00
Director
$0 $0 $0
SALLY JOHNSTON BOARD MEMBER 2.00
Director
$0 $0 $0
MATTHEW MCCORMICK BOARD MEMBER 2.00
Director
$0 $0 $0
STACY OHLSSON BOARD MEMBER 2.00
Director
$0 $0 $0
MELANIE SCHONINGER BOARD MEMBER 2.00
Director
$0 $0 $0
MIRA EKLUND ASST MEDICAL DIRECTOR 36.00
Key Emp
$215,004 $21,498 $236,502
KRISTINE EDMONDS CLINICAL DIRECTOR 40.00
Highest
$141,162 $2,867 $144,029
KIM RENNER ASST CLINICAL DIR-COMMUNITY 40.00
Highest
$117,811 $2,422 $120,233
DANA FREISINGER ASST CLINICAL DIR-PRTF 40.00
Highest
$102,711 $25,590 $128,301
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 $19,520,935 $14,184,380 $22,852,021 $5,336,555
2022 $15,890,670 $12,534,543 $16,253,914 $3,356,127
2021 $12,672,196 $11,492,872 $12,292,960 $1,179,324
2020 $12,641,911 $11,246,124 $10,977,029 $1,395,787
2019 $11,194,794 $10,841,038 $9,516,560 $353,756
2018 $11,460,762 $10,473,992 $9,358,969 $986,770
Explore More Nonprofits
→Top 100 Nonprofits in Colorado →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THIRD WAY CENTER INC with other nonprofits in Colorado and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.