THIRD ACT INITIATIVE INC (EIN 880776955) - 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

2022

Legal Domicile

Principal Officer

VANESSA ARCARA

Phone

3109290276

Tax Period

2023-01-01 to 2023-12-31

THIRD ACT INITIATIVE INC, founded in 2022, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 124% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 4% surplus.

Mission

TO BUILD A COMMUNITY OF AMERICANS OVER THE AGE OF SIXTY DETERMINED TO CHANGE THE WORLD FOR THE BETTER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,008,973

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,008,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $990,139

Fundraising Expenses $114,816

Program Expenses $1,319,653

Other Expenses $929,610

TOTAL EXPENSES $1,919,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,008,973	$896,157	+1.2%
Expenses	$1,919,749	$730,583	+1.6%
Net Income	$89,224	$165,574	-0.5%

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

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

$255,155

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AKAYA WINDWOOD	CHAIR	1.00	Officer Director	$0	$0	$0
HEATHER BOOTH	TREASURER	1.00	Officer Director	$0	$0	$0
BILL MCKIBBEN	SECRETARY	1.00	Officer Director	$0	$0	$0
VANESSA ARCARA	PRESIDENT	40.00	Officer	$120,938	$250	$121,188
KAFIA AHMED	CHIEF EXECUTIVE OFFICER	40.00	Officer	$120,938	$13,029	$133,967

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	$2,008,973	$1,919,749	$285,964	$89,224
2022	$896,157	$730,583	$165,574	$165,574

THIRD ACT INITIATIVE INC