K SPACE CONTEMPORARY

EIN: 743006446 501(c)(3) Arts, Culture & Humanities

CORPUS CHRISTI, TX

Total Revenue
$390,883
Total Expenses
$386,188
Total Assets
$125,988
Net Assets
$120,546
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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
2001
Legal Domicile
TX
Principal Officer
ANDREA VALENTI
Phone
3615496327
Tax Period
2024-01-01 to 2024-12-31

K SPACE CONTEMPORARY, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $391K in total revenue in fiscal year 2024.

Mission

EDUCATION & PROMOTION OF CULTURAL FINE ARTS TO THE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $237,320
Program Service Revenue $105,688
Investment Income $0
Other Revenue $47,875
TOTAL REVENUE $390,883

Expense Breakdown

Grants Paid $0
Salaries & Benefits $122,631
Fundraising Expenses $10,606
Program Expenses $287,680
Other Expenses $263,557
TOTAL EXPENSES $386,188

Year-over-Year Comparison

2024 2023 Change
Revenue $390,883 $371,673 +0.1%
Expenses $386,188 $370,138 +0.0%
Net Income $4,695 $1,535 +2.1%
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

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Governance

Voting Members
18
Independent Members
N/A
Employees
7
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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER ARNOLD ART CHAIR 2.00
Officer
$0 $0 $0
DAY WHEELER BOARD MEMBER 1.00
Director
$0 $0 $0
OMAR LOPEZ CO-SECRETARY 2.00
Officer
$0 $0 $0
SCOTT ELLISON TREASURER 2.00
Officer
$0 $0 $0
ROBIN SIMS BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREA VALENTI BUSINESS CHA 2.00
Officer
$0 $0 $0
ALEXANDRIA CANCHOLA BOARD MEMBER 1.00
Director
$0 $0 $0
VILMA MOSIER BOARD MEMBER 1.00
Director
$0 $0 $0
ADAIR APPLE BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL HOBLIT JD BOARD MEMBER 1.00
Director
$0 $0 $0
ADAM RIOS BOARD MEMBER 1.00
Director
$0 $0 $0
COURTNEY BRACCO BOARD MEMBER 1.00
Director
$0 $0 $0
SAVANNAH GARZA BOARD MEMBER 1.00
Director
$0 $0 $0
PHILIP JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
HAYFORD OSEI BOARD MEMBER 1.00
Director
$0 $0 $0
JANET LAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
BRAD ALAN SHEEK BOARD MEMBER 1.00
Director
$0 $0 $0
CASSANDRA CHAMPION BOARD MEMBER 1.00
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
2024 $390,883 $386,188 $125,988 $4,695
2023 $371,673 $370,138 $126,951 $1,535
2022 $372,809 $338,337 $129,912 $34,472
2021 $189,581 $168,483 $85,594 $21,098
2020 $93,396 $131,276 $61,283 $-37,880
2019 $281,861 $265,647 $99,538 $16,214
2018 $277,695 $267,346 $82,010 $10,349
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