TRANSITIONAL SPACES (EIN 461309078) - 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

2021

Legal Domicile

Principal Officer

JOHNNY BRASLEY III

Phone

5046383718

Tax Period

2023-01-01 to 2023-12-31

TRANSITIONAL SPACES, founded in 2021, is a micro nonprofit in the Human Services sector that reported $18K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $28K exceeded revenue, resulting in a 60% operating deficit.

Mission

TRANSITIONAL SPACES IS A NONPROFIT ORGANIZATION DEDICATED TO DEVELOPING AND OPERATING SKATE PARKS IN LOCAL COMMUNITIES

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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 $11,105

Program Service Revenue $6,635

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,083

Other Expenses $28,348

TOTAL EXPENSES $28,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,740	$15,797	+0.1%
Expenses	$28,348	$28,941	0.0%
Net Income	$-10,608	$-13,144	-0.2%

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

N/A

Employees

N/A

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
JOHNNY BRASLEY III	PRESIDENT	35.00	Officer	$0	$0	$0
ELLIOT ZAKI	VICE PRESIDENT	20.00	Officer	$0	$0	$0
THOMAS JEFFERSON	SECRETARY	10.00	Officer	$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
2023	$17,740	$28,348	$230,981	$-10,608

TRANSITIONAL SPACES