Five Myles Inc

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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

1999

Legal Domicile

Principal Officer

Hanne Tierney

Tax Period

2023-07-01 to 2024-06-30

Five Myles Inc, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $113K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $167K exceeded revenue, resulting in a 48% operating deficit.

Mission

Promote interest in innovative artwork.

Program Service Accomplishments

Program 1

Expenses: $155,017 Revenue: $113,371

In FY24 FiveMyles organized 21 solo and group exhibitions of contemporary art in the 1,500 sq. ft. Main Gallery space and in the adjacent 120 sq. ft. Plus/Space. We presented the work of 72 visual...

In FY24 FiveMyles organized 21 solo and group exhibitions of contemporary art in the 1,500 sq. ft. Main Gallery space and in the adjacent 120 sq. ft. Plus/Space. We presented the work of 72 visual artists. For 5 different exhibitions, we organized conversations with speakers from different fields in the Humanities alongside the exhibitions curators, offering the public a different lens to connect with the work on display. We also ran our SpaceProgram, which offers our space, free of charge, for live performances in a wide array of disciplines. The 24 SpaceProgram events in FY24 took place inside the gallery and on our wide sidewalk. Thanks to this flexible setup we were able to present live music, dance, spoken word, acted, interactive performances, readings and pop-up exhibitions, film screenings and artist talks by 83 artists. In total, a physical audience of approximately 4400 people attended FiveMyles programs. All events and exhibitions are free of charge.

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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 $107,371

Program Service Revenue $6,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $113,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,502

Fundraising Expenses $0

Program Expenses $155,017

Other Expenses $64,844

TOTAL EXPENSES $167,346

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,371	$168,838	-0.3%
Expenses	$167,346	$187,037	-0.1%
Net Income	$-53,975	$-18,199	+2.0%

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

Volunteers

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

$50,000

Total Directors