Friends of Third Street School

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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

1984

Legal Domicile

Principal Officer

Liza Keckler

Tax Period

2024-07-01 to 2025-06-30

Friends of Third Street School, founded in 1984, is a small nonprofit in the Education sector that reported $716K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $628K left a modest 12% surplus.

Mission

The organization provides services and benefits to the various constituencies of Third Street School, including parents, students, teachers, vendors and others in the local community, without whose support, the school and the organization would not be successful. Many of the various programs are described in sufficient detail in this exempt organization return.

Program Service Accomplishments

Program 1

Expenses: $138,347

The organization pays the cost of teacher aides to assist all teachers, K-5, with administrative duties.

Program 2

Expenses: $136,434

The organization provides the financial support for visual and performing arts at the school, including music, movement, drama and kindergarten visual arts. Friends hired instructors to provide...

The organization provides the financial support for visual and performing arts at the school, including music, movement, drama and kindergarten visual arts. Friends hired instructors to provide specialized instruction and incurred costs of supplies.

Program 3

Expenses: $71,954

The organization pays for a school safety aide and physical education teacher as well as playground supplies, garden expenses, safety and campus beautification.

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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 (2024)

Revenue Breakdown

Contributions & Grants $63,010

Program Service Revenue $0

Investment Income $116

Other Revenue $652,524

TOTAL REVENUE $715,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $613,251

Other Expenses $627,877

TOTAL EXPENSES $627,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$715,650	$634,326	+0.1%
Expenses	$627,877	$608,032	+0.0%
Net Income	$87,773	$26,294	+2.3%

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
Liza Keckler	Chairman	5.00	Director	$0	$0	$0
Rachel Pring	Co President	5.00	Officer Director	$0	$0	$0
Allison Holcombe	Co President	5.00	Officer Director	$0	$0	$0
Jennifer Rojas	Co President	5.00	Officer Director	$0	$0	$0
Alina Moffat	Secretary	5.00	Officer Director	$0	$0	$0
Courtney Caron	Director	0.00	Director	$0	$0	$0
Michelle Richman	Director	0.00	Director	$0	$0	$0
Sarah Shetter	Director	5.00	Director	$0	$0	$0
Lila Byock	Director	5.00	Director	$0	$0	$0
Connie Cho	Director	0.00	Director	$0	$0	$0
Alina Moffat	Director	5.00	Director	$0	$0	$0
Joanne Lee	Director	5.00	Director	$0	$0	$0
Scott Abrams	Director	5.00	Director	$0	$0	$0
Erin Isaac	Director	5.00	Director	$0	$0	$0
Robin Kuroki	Director	0.00	Director	$0	$0	$0
Ellen Cho	Director	5.00	Director	$0	$0	$0
Sul Lee	Director	5.00	Director	$0	$0	$0
Jocelyn Minton	Director	5.00	Director	$0	$0	$0
Elizabeth Schmidt	Director	5.00	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
2025	$715,650	$627,877	$482,728	$87,773
2024	$634,326	$608,032	$400,627	$26,294
2023	$691,987	$576,791	$375,819	$115,196
2022	$604,999	$585,407	$260,622	$19,592
2021	$319,704	$299,775	$241,310	$19,929
2020	$567,719	$517,467	$219,444	$50,252
2019	$514,240	$528,604	$169,192	$-14,364