INDIESPACE INC (EIN 474523884) - 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

2015

Legal Domicile

Principal Officer

RANDI BERRY

Phone

9176261369

Tax Period

2024-01-01 to 2024-12-31

INDIESPACE INC, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $912K, a strong 42% operating margin.

Mission

INDIESPACE CELEBRATES AND CENTERS INDEPENDENT THEATER-MAKING IN NEW YORK CITY. THE ORGANIZATION PROVIDES RADICALLY TRANSPARENT, RESPONSIVE AND EQUITY-FOCUSED FUNDING, REAL ESTATE PROGRAMS, PROFESSIONAL DEVELOPMENT, AND ADVOCACY TO INDIVIDUAL ARTISTS, THEATER COMPANIES, AND INDIE VENUES.

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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 $2,098,439

Program Service Revenue $0

Investment Income $37,202

Other Revenue $19,819

TOTAL REVENUE $2,155,460

Expense Breakdown

Grants Paid $275,565

Salaries & Benefits $407,776

Fundraising Expenses $59,465

Program Expenses $863,341

Other Expenses $560,105

TOTAL EXPENSES $1,243,446

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,155,460	$1,232,104	+0.7%
Expenses	$1,243,446	$1,335,032	-0.1%
Net Income	$912,014	$-102,928	-9.9%

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

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

$133,752

Total Directors

$205,034

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDI BERRY	BOARD MEMBER/EXECUTIVE DIRECTOR	40.00	Officer Director	$133,752	$0	$133,752
VESHONTE BROWN	BOARD MEMBER/PROGRAMS MANAGER	40.00	Director	$71,282	$0	$71,282
RAQUEL ALMAZAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN BERK	TREASURER	1.00	Officer Director	$0	$0	$0
SAMUEL MORALES	SECRETARY	1.00	Officer Director	$0	$0	$0
CANDACE JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MAYA QUETZALI GONZALEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
EREZ ZIV	BOARD MEMBER	1.00	Director	$0	$0	$0
BREA CLEMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW CLARKE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH AULD	BOARD MEMBER	1.00	Director	$0	$0	$0
PAMELA CHISLING	BOARD MEMBER	1.00	Director	$0	$0	$0
DECHELLE DAMIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SIOBHAN O'NEILL	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTY LINSKY	BOARD EMERITUS	1.00	Director	$0	$0	$0
PAUL LELBOWITZ	BOARD EMERITUS	1.00	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	$2,155,460	$1,243,446	$1,670,224	$912,014
2023	$1,232,104	$1,335,032	$900,952	$-102,928
2022	$1,533,164	$762,071	$868,878	$771,093
2021	$135,744	$137,420	$134,674	$-1,676
2020	$186,552	$174,023	$340,314	$12,529
2019	$120,695	$64,493	$317,025	$56,202
2018	$317,280	$64,229	$260,935	$253,051

INDIESPACE INC