Third Space Foundation

EIN: 851876261 501(c)(3) Education

Oklahoma City, OK

Total Revenue
$1,943,834
Total Expenses
$1,917,361
Total Assets
$712,228
Net Assets
$691,030
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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
2020
Legal Domicile
OK
Phone
4052082160
Tax Period
2024-01-01 to 2024-12-31

Third Space Foundation, founded in 2020, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

Provide fiscal sponsorship to support small organizations working in the community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,812,073
Program Service Revenue $120,803
Investment Income $10,958
Other Revenue $0
TOTAL REVENUE $1,943,834

Expense Breakdown

Grants Paid $199,623
Salaries & Benefits $785,078
Fundraising Expenses $0
Program Expenses $1,822,834
Other Expenses $932,660
TOTAL EXPENSES $1,917,361

Year-over-Year Comparison

2024 2023 Change
Revenue $1,943,834 $1,423,916 +0.4%
Expenses $1,917,361 $785,082 +1.4%
Net Income $26,473 $638,834 -1.0%
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
6
Independent Members
6
Employees
13
Volunteers
20

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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Suzette Grillot Executive Director 5.00
Director
$0 $0 $0
Anne Delong Chair 2.00
Officer Director
$0 $0 $0
Sarah Adams ViceChair 2.00
Officer Director
$0 $0 $0
Kimberly Francisco Secretary 2.00
Director
$0 $0 $0
Lexi TaylorHill Board Member 1.00
Director
$0 $0 $0
Norlia Ruiz Board Member 1.00
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
2024 $1,943,834 $1,917,361 $712,228 $26,473
2023 $1,423,916 $785,082 $706,954 $638,834
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