FIRST FRIDAY FOUNDATION LAS VEGAS (EIN 461097401) - 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

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 SUPPORT THE ARTS 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%)

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

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

$91,000

Total Directors

$91,000

Key Employees

Highest Compensated

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

FIRST FRIDAY FOUNDATION LAS VEGAS