Spacetaker (EIN 300223932) - 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

2003

Legal Domicile

Principal Officer

Michael Umansky

Phone

7138681839

Tax Period

2023-01-01 to 2023-12-31

Spacetaker, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $626K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $753K exceeded revenue, resulting in a 20% operating deficit.

Mission

To empower Houston artists through programs that build knowledge, amplify local resources, and connect communities through art.

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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 $486,410

Program Service Revenue $21,932

Investment Income $30

Other Revenue $117,957

TOTAL REVENUE $626,329

Expense Breakdown

Grants Paid $136,557

Salaries & Benefits $292,892

Fundraising Expenses $58,759

Program Expenses $560,698

Other Expenses $323,934

TOTAL EXPENSES $753,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$626,329	$1,014,473	-0.4%
Expenses	$753,383	$826,324	-0.1%
Net Income	$-127,054	$188,149	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Kelley	Sec/Treas	1.00	Officer Director	$0	$0	$0
James Bell	Director	1.00	Director	$0	$0	$0
Marita Fairbanks	Director	1.00	Director	$0	$0	$0
Edgar Medina	Director	1.00	Director	$0	$0	$0
Jackie Staple	Director	1.00	Director	$0	$0	$0
James Phelan	Director	1.00	Director	$0	$0	$0
John Thrash	Director	1.00	Director	$0	$0	$0
Rassul Zarinfr	Director	1.00	Director	$0	$0	$0
Tina Zulu	Director	1.00	Director	$0	$0	$0
Ross Muramaru	Director	1.00	Director	$0	$0	$0
Michael Umansky	President	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$626,329	$753,383	$453,004	$-127,054
2022	$1,014,473	$826,324	$575,825	$188,149
2021	$642,528	$580,583	$350,991	$61,945
2020	$630,623	$771,370	$297,935	$-140,747
2019	$761,939	$822,427	$441,752	$-60,488
2018	$998,161	$957,525	$522,520	$40,636

Spacetaker