The 3rd Inc

EIN: 842311250 501(c)(3) Community Improvement

Columbia, MD

Total Revenue
$7,619
Total Expenses
$508,907
Total Assets
$64
Net Assets
$64
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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
2019
Legal Domicile
MD
Principal Officer
Minah Woo
Phone
4439043403
Tax Period
2025-01-01 to 2025-12-31

The 3rd Inc, founded in 2019, is a micro nonprofit in the Community Improvement sector that reported $8K in total revenue in fiscal year 2025. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $509K exceeded revenue, resulting in a 6579% operating deficit.

Mission

Is to build a space that fosters dreams, creates community, and provides mentorship, which enables Women of Color to turn their ideas into economic power and freedom.

Program Service Accomplishments

Program 1
Expenses: $214,372

In 2025, during the months of January through March, we held a online business cohort weekly group coaching sessions serving 25 entrepreneurs focusing on increasing revenue. One of the participants...

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In 2025, during the months of January through March, we held a online business cohort weekly group coaching sessions serving 25 entrepreneurs focusing on increasing revenue. One of the participants boasted a new campaign born out of the program that brouth in $100,000 in the month of March. During the months of June, 50 women gathered for a 2 day event which featured 10 entrepreneurs as speakers and faciliators. For the existing survey, 100% of the women gained tools to move their businesses forward and create clear revenue generating strategies.

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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 (2025)

Revenue Breakdown

Contributions & Grants $7,619
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,619

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,166
Fundraising Expenses $2,608
Program Expenses $214,372
Other Expenses $456,741
TOTAL EXPENSES $508,907

Year-over-Year Comparison

2025 2024 Change
Revenue $7,619 $687,537 -1.0%
Expenses $508,907 $389,354 +0.3%
Net Income $-501,288 $298,183 -2.7%
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
7
Independent Members
7
Employees
1
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
5
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Radiah Rhodes Vice Chair 5.00
Officer Director
$0 $0 $0
Jetheda Hernandez Chair 5.00
Officer Director
$0 $0 $0
Minah Woo Member 5.00
Officer Director
$0 $0 $0
LKimberly Prescott Member 5.00
Director
$0 $0 $0
Laura Bacon Founder and CEO 40.00
Officer
$0 $0 $0
Patricia W Marshall Treasurer 5.00
Officer
$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
2025 $7,619 $508,907 $64 $-501,288
2024 $687,537 $389,354 $511,758 $298,183
2023 $588,925 $578,713 $281,965 $10,212
2022 $450,195 $521,470 $321,398 $-71,275
2021 $357,177 $132,275 $231,647 $224,902
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