Third Coast Rising (EIN 862026080) - 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

2021

Legal Domicile

Phone

7045198690

Tax Period

2021-01-01 to 2021-12-31

Third Coast Rising, founded in 2021, is a micro nonprofit in the Recreation & Sports sector that reported $13K in total revenue in fiscal year 2021. The organization ran a surplus of $11K, a strong 87% operating margin.

Mission

Surf therapy nonprofit for veterans and first responders with PTSD depression anxiety and trauma Surf and paddle lake Michigan

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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 (2021)

Revenue Breakdown

Contributions & Grants $13,090

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $490

Program Expenses $2,000

Other Expenses $1,690

TOTAL EXPENSES $1,690

Year-over-Year Comparison

	2021	2020	Change
Revenue	$13,090	N/A	N/A
Expenses	$1,690	N/A	N/A
Net Income	$11,400	N/A	N/A

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

N/A

Employees

N/A

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
SHELLEY RITTER	Director	4.000	Officer	$0	$0	$0
VANESSA KING	Secretary	4.000	Officer	$0	$0	$0
BRICE LEDYARD	Treasurer	1.000	Officer	$0	$0	$0
NICOLE BOOKO	Vice President	0.500	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
2021	$13,090	$1,690	$16,740	$11,400

Third Coast Rising