TWINSTATE MAKERSPACES INC (EIN 471285995) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

STEVEN GOLDSMITH

Phone

6035043419

Tax Period

2023-07-01 to 2024-06-30

TWINSTATE MAKERSPACES INC, founded in 2014, is a small nonprofit in the Human Services sector that reported $103K in total revenue in fiscal year 2023. Expenses of $132K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE A COMBINATION OF WORKSHOPS, ARTIST STUDIOS, CLASSROOMS, AND BUSINESS INCUBATORS FOCUSED ON THE ACT OF MAKING THINGS AND TO PROVIDE FOR COMMUNITY REVITALIZATION, JOB TRAINING AND ECONOMIC DEVELOPMENT IN LOW INCOME CENSUS TRACTS IN NORTHERN NEW ENGLAND.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,015

Program Service Revenue $79,778

Investment Income $5,524

Other Revenue $1,988

TOTAL REVENUE $103,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,735

Fundraising Expenses $0

Program Expenses $122,357

Other Expenses $81,223

TOTAL EXPENSES $131,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,305	$98,036	+0.1%
Expenses	$131,958	$120,195	+0.1%
Net Income	$-28,653	$-22,159	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD ACKERMAN	DIRECTOR	0.25	Director	$0	$0	$0
DAVID AUERBACH	DIRECTOR	0.25	Director	$0	$0	$0
MIKE DAVIDSON	DIRECTOR	0.25	Director	$0	$0	$0
STEVEN GOLDSMITH	PRESIDENT	18.00	Officer Director	$0	$0	$0
TOM HOYT	DIRECTOR	0.25	Director	$0	$0	$0
JEREMY KATZ	TREASURER	12.00	Officer Director	$0	$0	$0
EDWARD VILANDRIE	DIRECTOR	0.25	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	No data	No data	No data	No data
2024	$103,305	$131,958	$961,097	$-28,653
2023	$98,036	$120,195	$990,840	$-22,159
2022	$116,539	$148,662	$1,014,458	$-32,123
2021	$226,998	$169,484	$1,051,678	$57,514
2020	$327,739	$178,043	$933,423	$149,696
2019	$182,935	$193,639	$746,162	$-10,704
2018	$826,886	$111,022	$752,138	$715,864

TWINSTATE MAKERSPACES INC