FFTA PROPERTIES INC (EIN 311497554) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

Christen Boone

Phone

5025820100

Tax Period

2020-07-01 to 2021-06-30

FFTA PROPERTIES INC, founded in 1997, is a small nonprofit that reported $209K in total revenue in fiscal year 2020. Expenses of $1.4M exceeded revenue, resulting in a 553% operating deficit.

Mission

To own, renovate, preserve and provide access to facilities which are used primarily to support initiatives important to the success of the Metro Louisville arts community.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $50,000

Program Service Revenue $114,110

Investment Income $25,148

Other Revenue $19,426

TOTAL REVENUE $208,684

Expense Breakdown

Grants Paid $1,070,816

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,356,890

Other Expenses $292,012

TOTAL EXPENSES $1,362,828

Year-over-Year Comparison

	2020	2019	Change
Revenue	$208,684	$208,958	0.0%
Expenses	$1,362,828	$370,859	+2.7%
Net Income	$-1,154,144	$-161,901	+6.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$273,748

Total Directors

$273,748

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ms Christen Boone	President and CEO	1	Officer Director	$0	$0	$193,750
Ms Janie Martin	Secretary/Treasurer	8.0	Officer Director	$0	$0	$79,998
Mr Jeffrey McKenzie	Board Chair	1.0	Director	$0	$0	$0
Mr Paul Fultz	Board Vice Chair	0.5	Director	$0	$0	$0
Mr C Edward Glasscock	Board Member	0.5	Director	$0	$0	$0
Ms Barbara Sexton Smith	Board Member	0.25	Director	$0	$0	$0
Ms Rebecca Matheny	Board Member	0.25	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
2021	$208,684	$1,362,828	No data	$-1,154,144
2020	$208,958	$370,859	$1,393,159	$-161,901
2019	$148,779	$371,490	$1,508,653	$-222,711
2018	$-1,136,158	$788,662	$1,835,168	$-1,924,820

FFTA PROPERTIES INC