The 3rd Inc (EIN 842311250) - 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

2019

Legal Domicile

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.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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

The 3rd Inc