FIGMENT PROJECT INC (EIN 204582464) - 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

2007

Principal Officer

RACHEL KLEIN

Phone

6463914729

Tax Period

2019-07-01 to 2020-06-30

FIGMENT PROJECT INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $168K in total revenue in fiscal year 2019. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 18% operating margin.

Mission

THE MISSION OF FIGMENT PROJECT, INC. IS TO BUILD COMMUNITY THROUGH THE PARTICIPATORY ARTS, INSPIRING PERSONAL AND SOCIAL TRANSFORMATION BY CREATING CULTURAL EVENTS AND EXPERIENCES IN A SPIRIT OF PARTICPATION AND INCLUSION.

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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 (2019)

Revenue Breakdown

Contributions & Grants $158,725

Program Service Revenue $7,640

Investment Income $0

Other Revenue $1,470

TOTAL REVENUE $167,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,231

Fundraising Expenses $17,862

Program Expenses $64,578

Other Expenses $86,600

TOTAL EXPENSES $137,831

Year-over-Year Comparison

	2019	2018	Change
Revenue	$167,835	$217,158	-0.2%
Expenses	$137,831	$181,005	-0.2%
Net Income	$30,004	$36,153	-0.2%

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

100

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
FRANCESCA ANUMONWO	MEMBER	1.50	Director	$0	$0	$0
MICHAEL GOLDBERG	MEMBER	1.00	Director	$0	$0	$0
KRYSTAL HENRIQUEZ	MEMBER	1.50	Director	$0	$0	$0
RACHEL KLEIN	TREASURER	1.50	Officer Director	$0	$0	$0
DAVID KOREN	EXECUTIVE DI	10.00	Director	$0	$0	$0
SASHA KOREN	MEMBER	1.50	Director	$0	$0	$0
CARLY LEINHEISER	CHAIRWOMAN	1.50	Officer Director	$0	$0	$0
FIL MARESCA	MEMBER	1.50	Director	$0	$0	$0
HILARY SPENCER	MEMBER	0.50	Director	$0	$0	$0
WYLIE STECKLOW	SECRETARY	1.50	Officer Director	$0	$0	$0
CARLIJN URLINGS	MEMBER	2.50	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	No data	No data	No data	No data
2020	$167,835	$137,831	$162,845	$30,004
2019	$217,158	$181,005	$123,872	$36,153

FIGMENT PROJECT INC