PAINTING SPACE 122 INC (EIN 133325038) - 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

1982

Legal Domicile

Principal Officer

VINCENT CINIGLIO

Phone

3478352578

Tax Period

2024-07-01 to 2025-06-30

PAINTING SPACE 122 INC, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $188K in total revenue in fiscal year 2024.

Mission

TO FOSTER AND DEVELOP THE ARTS

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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 $300

Program Service Revenue $187,613

Investment Income $0

Other Revenue $0

TOTAL REVENUE $187,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,795

Program Expenses $46,859

Other Expenses $194,832

TOTAL EXPENSES $194,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$187,913	$183,384	+0.0%
Expenses	$194,832	$225,684	-0.1%
Net Income	$-6,919	$-42,300	-0.8%

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

N/A

Independent Members

N/A

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
MARYJANE MONTALTO	VICE-PRESIDENT	5.00	Officer	$0	$0	$0
RENEE MAGNANTI	TREASURER	5.00	Officer	$0	$0	$0
VINCENT CINIGLIO	PRESIDENT	5.00	Officer	$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	$187,913	$194,832	$28,684	$-6,919
2024	$183,384	$225,684	$32,466	$-42,300
2023	$203,306	$201,658	$74,296	$1,648
2022	$165,001	$155,619	$74,957	$9,382
2021	$154,322	$156,957	$69,586	$-2,635
2020	$172,741	$146,462	$69,408	$26,279
2019	$121,537	$98,715	$45,879	$22,822
2018	No data	$13,993	$10,383	No data

PAINTING SPACE 122 INC