FIRST FRIDAY FOUNDATION LAS VEGAS

EIN: 461097401 501(c)(3) Education

LAS VEGAS, NV

Total Revenue
$930,874
Total Expenses
$924,035
Total Assets
$507,468
Net Assets
$-15,957
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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
2012
Principal Officer
NANCY HIGGINS
Phone
7025831358
Tax Period
2025-01-01 to 2025-12-31

FIRST FRIDAY FOUNDATION LAS VEGAS, founded in 2012, is a small nonprofit in the Education sector that reported $931K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO CREATE, FACILITATE, AND MANAGE ARTISTICALLY INSPIRED ENDEAVORS IN ALL MEDIUMS AND TO THE BETTERMENT AND ENRICHMENT OF SOCIETY.

Program Service Accomplishments

Program 1
Expenses: $776,894 Revenue: $533,186

TO CREATE, FACILITATE, AND MANAGE ARTISTICALLY INSPIRED ENDEAVORS IN ALL MEDIUMS AND TO THE BETTERMENT AND ENRICHMENT OF SOCIETY.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $386,322
Program Service Revenue $533,186
Investment Income $10,655
Other Revenue $711
TOTAL REVENUE $930,874

Expense Breakdown

Grants Paid $1,220
Salaries & Benefits $98,029
Fundraising Expenses $46,824
Program Expenses $776,894
Other Expenses $812,786
TOTAL EXPENSES $924,035

Year-over-Year Comparison

2025 2024 Change
Revenue $930,874 $828,724 +0.1%
Expenses $924,035 $873,423 +0.1%
Net Income $6,839 $-44,699 -1.2%
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

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Governance

Voting Members
6
Independent Members
5
Employees
1
Volunteers
50

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
3
$91,000
Total Directors
6
$91,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORINA FAGAN EXECUTIVE DI 40.00
Officer Director
$91,000 $0 $91,000
MICHAEL CORNTHWAITE PRESIDENT 2.00
Officer Director
$0 $0 $0
NANCY HIGGINS TREASURER 2.00
Officer Director
$0 $0 $0
LEU STROPE MEMBER 2.00
Director
$0 $0 $0
IZAAC ZEVALKING MEMBER 2.00
Director
$0 $0 $0
CHIP CROOP MEMBER 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 $930,874 $924,035 $507,468 $6,839
2024 $828,724 $873,423 $357,444 $-44,699
2023 $761,024 $861,346 $370,560 $-100,322
2022 $792,838 $792,418 $473,387 $420
2021 $560,809 $473,835 $458,071 $86,974
2020 $222,479 $302,918 $226,621 $-80,439
2019 $698,483 $778,983 $143,923 $-80,500
2018 $756,461 $634,791 $218,705 $121,670
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