UNTITLED ART SPACE INC (EIN 364527630) - 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

RIC MILLER

Phone

4058159995

Tax Period

2023-01-01 to 2023-12-31

UNTITLED ART SPACE INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $278K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $310K exceeded revenue, resulting in a 11% operating deficit.

Mission

ARTSPACE AT UNTITLED IS AN ENVIRONMENT DESIGNED TO STIMULATE CREATIVE THOUGHT AND NEW IDEAS THROUGH CONTEMPORARY ART. WE ARE COMMITTED TO PROVIDING ACCESS TO QUALITY EXHIBITIONS, EDUCATION PROGRAMS, PERFORMANCES, PUBLICATIONS, AND TO ENGAGE THE COMMUNITY IN COLLABORATIVE OUTREACH EFFORTS.

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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 $159,318

Program Service Revenue $19,567

Investment Income $8,200

Other Revenue $91,262

TOTAL REVENUE $278,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,918

Fundraising Expenses $32,028

Program Expenses $39,051

Other Expenses $198,796

TOTAL EXPENSES $309,714

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,347	$249,824	+0.1%
Expenses	$309,714	$263,734	+0.2%
Net Income	$-31,367	$-13,910	+1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BARBARA CRANDALL	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
DANIEL MATHIS	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
LANETA GOING	TREASURER	12.00	Officer Director	$0	$0	$0
MEL WILLIS	SECRETARY	1.00	Officer Director	$0	$0	$0
RIC MILLER	PRESIDENT	8.00	Officer Director	$0	$0	$0
CHUCK PEEL	MEMBER	4.00	Officer Director	$0	$0	$0
LAURA WARRINER	CREATIVE DIR	40.00	Director	$0	$0	$0
CATHERINE CAGIGAL	MEMBER	1.00	Director	$0	$0	$0
ANDREW BLACK	MEMBER	1.00	Director	$0	$0	$0
LOLLY ANDERSON	MEMBER	1.00	Director	$0	$0	$0
LISSA BARR SHAW	MEMBER	1.00	Director	$0	$0	$0
MARILYN ARTUS	MEMEBER	1.00	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
2024	No data	No data	No data	No data
2023	$278,347	$309,714	$323,959	$-31,367
2022	$249,824	$263,734	$353,601	$-13,910
2021	$415,421	$217,308	$377,472	$198,113
2020	$134,376	$216,641	$192,549	$-82,265
2019	$270,483	$228,961	$258,520	$41,522
2018	$257,974	$209,759	$219,173	$48,215

UNTITLED ART SPACE INC