FRIENDS OF THIRD PLACE COMMONS (EIN 912054524) - 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

2000

Legal Domicile

Principal Officer

PHIL SLUITER

Phone

2063663302

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THIRD PLACE COMMONS, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $216K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

ENRICH, FOSTER REAL COMMUNITY IN REAL SPACE OPEN TO EVERYONE; FACILITATE FREE PUBLIC EVENTS IN THE COMMONS; SPONSOR THE LOCAL FARMERS MARKET; PARTNER WITH CIVIC, SOCIAL SERVICE ENTITIES TO HELP MAXIMIZE THEIR IMPACT.

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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 $138,045

Program Service Revenue $0

Investment Income $736

Other Revenue $77,422

TOTAL REVENUE $216,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,291

Fundraising Expenses $18,480

Program Expenses $176,416

Other Expenses $115,066

TOTAL EXPENSES $218,357

Year-over-Year Comparison

	2023	2022	Change
Revenue	$216,203	$229,450	-0.1%
Expenses	$218,357	$210,049	+0.0%
Net Income	$-2,154	$19,401	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL SLUITER	Treasurer	1.00	Director	$0	$0	$0
SHARY VAN	President	1.00	Officer Director	$0	$0	$0
GIN THORSON	Director	1.00	Director	$0	$0	$0
BRIAN JOHNSON	Director	1.00	Director	$0	$0	$0
ERIKA OLSON	Director	1.00	Director	$0	$0	$0
NORMAN LIEBERMAN	Vice President	1.00	Officer Director	$0	$0	$0
AARON STADLER	Director	1.00	Officer 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	No data	No data	No data	No data
2023	$216,203	$218,357	$265,454	$-2,154
2022	$229,450	$210,049	$259,897	$19,401
2021	$171,358	$171,631	$238,509	$-273
2020	$178,985	$168,345	$238,268	$10,640
2019	$237,007	$212,235	$227,651	$24,772
2018	$242,035	$236,392	$203,806	$5,643

FRIENDS OF THIRD PLACE COMMONS