FFTA PROPERTIES INC

EIN: 311497554 501(c)(3)

Louisville, KY

Total Revenue
$208,684
Total Expenses
$1,362,828
Total Assets
N/A
Net Assets
N/A
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
KY
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

The mission of FFTA Properties Inc. (Properties) is to own, renovate and preserve facilities which are used primarily to support initiatives important to the success of the Metro Louisville arts community. The Center was called ArtSpace which serves as home for various Arts organizations including the Kentucky Opera, Kentucky Shakespeare, West Louisville Performing Arts Academy, CirqueLouie and Acting Against Cancer. The building was sold in May 2021.

Program Service Accomplishments

Program 1
Expenses: $1,356,890 Revenue: $189,471

Ownership and operation of ArtSpace - home of Bank of Louisville Community Room and various community and arts organizations including Kentucky Opera, Kentucky Shakespeare, West Louisville Performing...

Read more

Ownership and operation of ArtSpace - home of Bank of Louisville Community Room and various community and arts organizations including Kentucky Opera, Kentucky Shakespeare, West Louisville Performing Arts Academy and Acting Against Cancer.

🔒

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%)

Sign In — Free (10 views/day)

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

Sign In

Governance

Voting Members
7
Independent Members
5
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
2
$273,748
Total Directors
7
$273,748
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Kentucky →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FFTA PROPERTIES INC with other nonprofits in Kentucky and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.