3RD SPACE INC (EIN 922825960) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2023

Legal Domicile

Principal Officer

DONNA BEDWELL

Phone

7576257849

Tax Period

2025-01-01 to 2025-12-31

3RD SPACE INC, founded in 2023, is a micro nonprofit in the Education sector that reported $12K in total revenue in fiscal year 2023. The organization ran a surplus of $9K, a strong 78% operating margin.

Mission

THE ORGANIZATION IS DEDICATED TO PROVIDING ART EDUCATION AND SUPPORT TO THE COMMUNITY BY PROVIDING A WIDE RANGE OF SERVICES INCLUDING ART CLASSES, WORKSHOPS, EQUIPMENT & SUPPLIES, AND STUDIO SPACE FOR RENT. THE ORGANIZATION'S GOAL IS TO MAKE ART ACCESSIBLE TO ALL AND CREATING A SPACE FOR ARTISTIC CREATIVITY, EXPRESSION AND LEARNING.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $4,557

Program Service Revenue $6,880

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,608

Other Expenses $15,268

TOTAL EXPENSES $15,268

Year-over-Year Comparison

	2025	2024	Change
Revenue	$11,437	$31,270	-0.6%
Expenses	$15,268	$11,727	+0.3%
Net Income	$-3,831	$19,543	-1.2%

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

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
DONNA BEDWELL	PRESIDENT	N/A	Officer Director	$0	$0	$0
KAREN MILNES	DIRECTOR	N/A	Director	$0	$0	$0
POLLY NEWLON	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES SAUNDERS	TREASURER	N/A	Officer Director	$0	$0	$0
KIM WOLFE	SECRETARY	N/A	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
2025	$11,437	$15,268	$24,921	$-3,831
2023	$11,822	$2,613	$11,990	$9,209

3RD SPACE INC