Artspace Inc (EIN 042986718) - 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

1987

Legal Domicile

Phone

9788979828

Tax Period

2025-01-01 to 2025-12-31

Artspace Inc, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $276K in total revenue in fiscal year 2025.

Mission

Promotion of the Arts by leasing real estate and sub-leasing it to performing artists for studio and performance space at below market rental levels and to provide Arts education classes, workshops, tours, and similar activities.

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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 (2025)

Revenue Breakdown

Contributions & Grants $179,663

Program Service Revenue $96,084

Investment Income $48

Other Revenue $0

TOTAL REVENUE $275,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,960

Fundraising Expenses $106

Program Expenses $149,266

Other Expenses $171,543

TOTAL EXPENSES $277,503

Year-over-Year Comparison

	2025	2024	Change
Revenue	$275,795	$256,628	+0.1%
Expenses	$277,503	$302,920	-0.1%
Net Income	$-1,708	$-46,292	-1.0%

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
Armand Diarbekirian	President	1.00	Officer Director	$0	$0	$0
Denise Shea	Clerk	1.00	Director	$0	$0	$0
Gail Erwin	Director	1.00	Director	$0	$0	$0
Priscilla Cotter	Treasurer	1.00	Officer Director	$0	$0	$0
Suchitra Mumford	CEO	40.00	Director Key Emp	$0	$0	$0
Mary Jo Samojia	Director	1.00	Director	$0	$0	$0
Jeannette M E Lee-Parikh	Director	1.00	Director	$0	$0	$0
Karen Myers	Director	1.00	Director	$0	$0	$0
Sarah Cressy	Director	1.00	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	$275,795	$277,503	$28,230	$-1,708
2024	$256,628	$302,920	$28,686	$-46,292
2023	$347,306	$225,840	$119,825	$121,466
2022	$437,967	$662,709	$206,340	$-224,742
2021	$291,785	$414,804	$304,805	$-123,019
2020	$310,886	$349,136	$449,267	$-38,250
2019	$331,406	$282,050	$465,997	$49,356
2018	$327,743	$314,122	$408,641	$13,621

Artspace Inc