Artspace Lima (EIN 346581141) - 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

1955

Legal Domicile

Phone

4192221721

Tax Period

2024-07-01 to 2025-06-30

Artspace Lima, founded in 1955, is a small nonprofit in the Arts, Culture & Humanities sector that reported $377K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $117K, a strong 31% operating margin.

Mission

To enrich the community with creativity through exhibitions, educational programs, and events relevant to all cultures and populations.

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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 (2024)

Revenue Breakdown

Contributions & Grants $340,730

Program Service Revenue $35,647

Investment Income $0

Other Revenue $357

TOTAL REVENUE $376,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,290

Fundraising Expenses $0

Program Expenses $173,585

Other Expenses $156,490

TOTAL EXPENSES $259,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$376,734	$614,396	-0.4%
Expenses	$259,780	$306,008	-0.2%
Net Income	$116,954	$308,388	-0.6%

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
Chad Hughes	Secretary	2.00	Officer Director	$0	$0	$0
Pam Joseph	Trustee	2.00	Director	$0	$0	$0
Cody Ridenour	Trustee	2.00	Director	$0	$0	$0
Rich Theodore	Trustee	2.00	Director	$0	$0	$0
Sydni Winkler	Trustee	2.00	Director	$0	$0	$0
Joseph Bonifas	President	2.00	Officer Director	$0	$0	$0
Christine O'Neill	Vice President	2.00	Officer Director	$0	$0	$0
Angela Elliott	Trustee	2.00	Director	$0	$0	$0
Fred Odum	Treasurer	2.00	Officer Director	$0	$0	$0
Sharetta Smith	Trustee	2.00	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	$376,734	$259,780	$856,826	$116,954
2024	$614,396	$306,008	$710,333	$308,388
2023	$327,042	$249,418	$381,628	$77,624
2022	$250,132	$234,029	$308,402	$16,103
2019	$223,272	$231,346	$280,290	$-8,074
2018	$215,219	$243,296	$288,840	$-28,077

Artspace Lima