TURNPARK ART SPACE INC (EIN 465064530) - 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

2014

Legal Domicile

Principal Officer

Ekaterina Brezgunova

Phone

5164745957

Tax Period

2024-01-01 to 2024-12-31

TURNPARK ART SPACE INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $281K in total revenue in fiscal year 2024. Revenue surged 209% from the prior year, signaling strong growth momentum.

Mission

The organization is operated for charitable, literary and educational purposes including the operation of an art museum to display, preserve and stimulate an appreciation of art, all in service of the public.

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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 $241,013

Program Service Revenue $40,466

Investment Income $0

Other Revenue $0

TOTAL REVENUE $281,479

Expense Breakdown

Grants Paid $307

Salaries & Benefits $85,552

Fundraising Expenses $22,882

Program Expenses $237,091

Other Expenses $208,012

TOTAL EXPENSES $293,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$281,479	$91,123	+2.1%
Expenses	$293,871	$250,502	+0.2%
Net Income	$-12,392	$-159,379	-0.9%

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
EKATERINA BREZGUNOVA	PRESIDENT and DIRECTOR	040.00	Officer Director	$0	$0	$0
IGOR GOMBERG	TREASURER and DIRECTOR	040.00	Officer Director	$0	$0	$0
ELIZAVETA GOMBERG	CLERK	025.00	Officer Director	$0	$0	$0
MICHAEL KHODARKOVSKY	DIRECTOR	015.00	Director	$0	$0	$0
LEV LOFFE	DIRECTOR	015.00	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	$281,479	$293,871	$89,496	$-12,392
2023	$91,123	$250,502	$101,888	$-159,379
2022	$272,830	$258,859	$99,851	$13,971
2021	$235,721	$252,051	$105,007	$-16,330
2020	$118,345	$148,151	$111,899	$-29,806
2019	$156,218	$177,781	$109,456	$-21,563
2018	$188,039	$141,030	$131,020	$47,009

TURNPARK ART SPACE INC