ARTISTS SPACE INC (EIN 132749632) - 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

1972

Legal Domicile

Principal Officer

JAY SANDERS

Phone

2122263970

Tax Period

2023-07-01 to 2024-06-30

ARTISTS SPACE INC, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

A CONTEMPORARY ART SPACE THAT PROVIDES DIRECT SUPPORT TO ARTISTS THROUGH EXHIBITION OPPORTUNITIES, LIVE COMMISSIONS, AND PUBLIC PROGRAMS. IN RECENT YEARS, THE EXHIBITION PROGRAM HAS GROWN TO PRESENT SIX MAJOR EXHIBITIONS PER YEAR REFLECTING THE WIDEST RANGE OF

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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 $1,856,252

Program Service Revenue $0

Investment Income $25,283

Other Revenue $72,167

TOTAL REVENUE $1,953,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $850,245

Fundraising Expenses $418,608

Program Expenses $1,704,460

Other Expenses $1,547,781

TOTAL EXPENSES $2,398,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,953,702	$2,367,337	-0.2%
Expenses	$2,398,026	$2,332,867	+0.0%
Net Income	$-444,324	$34,470	-13.9%

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

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

$317,899

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY SANDERS	EXECUTIVE DIRECTOR	40.00	Officer Highest	$175,000	$10,811	$185,811
ANDREW STILLPASS	TREASURER	1.00	Officer Director	$0	$0	$0
LIAM GILLICK	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN SCHINDLER	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
ELEANOR CAYRE	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
JONATHAN CAPLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RIRKRIT TIRAVANIJA	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN CHENG	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTIN COX	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAIRE DISTENFELD OLSHAN	BOARD MEMBER Thru 10/2023	1.00	Director	$0	$0	$0
DARBY ENGLISH	BOARD MEMBER	1.00	Director	$0	$0	$0
LATOYA RUBY FRAZIER	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL GREENE	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA GLASTONE	BOARD MEMBER Thru 6/2024	1.00	Director	$0	$0	$0
RACHEL HARRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
EBONY HAYNES	BOARD MEMBER	1.00	Director	$0	$0	$0
JOAN JONAS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLAN SCHWARTZMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIPPA POLSKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
SETH PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
ELEANOR HEYMAN PROPP	BOARD MEMBER	1.00	Director	$0	$0	$0
NEGAR AZIMI	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANE AKEROYD	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY TAXTER	DEPUTY DIRECTOR	40.00	Officer Highest	$120,446	$11,642	$132,088

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	No data	No data	No data	No data
2024	$1,953,702	$2,398,026	$9,364,873	$-444,324
2023	$2,367,337	$2,332,867	$10,229,621	$34,470
2022	$2,371,745	$2,251,837	$6,172,363	$119,908
2021	$1,999,612	$1,600,531	$6,760,161	$399,081
2020	$2,234,333	$1,307,513	$6,505,861	$926,820
2019	$2,883,933	$978,625	$4,400,320	$1,905,308
2018	$2,776,688	$1,409,423	$1,838,942	$1,367,265

ARTISTS SPACE INC