THE PRACTICE SPACE INC (EIN 815115661) - 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

2017

Legal Domicile

Phone

5107080535

Tax Period

2023-01-01 to 2023-12-31

THE PRACTICE SPACE INC, founded in 2017, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $301K, a strong 29% operating margin.

Mission

To provide public speaking workshops to the community

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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 $722,077

Program Service Revenue $321,585

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,043,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $545,412

Fundraising Expenses $43,001

Program Expenses $519,877

Other Expenses $197,461

TOTAL EXPENSES $742,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,043,662	$581,466	+0.8%
Expenses	$742,873	$539,915	+0.4%
Net Income	$300,789	$41,551	+6.2%

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

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

$89,553

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNMARIE BAINES	Executive Dir.	40.00	Director	$87,129	$2,424	$89,553
RASHON LANE	Secretary	3.00	Officer Director	$0	$0	$0
JESSE STEWART	Director	2.00	Director	$0	$0	$0
EVANGELIA WARD-JACKSON	Director	2.00	Director	$0	$0	$0
PAUL BAINES	Treasurer	4.00	Officer Director	$0	$0	$0
SYLVIA SUDAT	President	3.00	Officer Director	$0	$0	$0
TODD GROVES	Director	2.00	Director	$0	$0	$0
LORNA CONTRERAS-TOWNSEND	Vice President	2.00	Officer Director	$0	$0	$0
JADE SHIPMAN	Director	3.00	Director	$0	$0	$0
ELAINE LIN-HERING	Director	2.00	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	No data	No data	No data	No data
2023	$1,043,662	$742,873	$506,491	$300,789
2022	$581,466	$539,915	$203,999	$41,551
2021	$336,145	$322,197	$164,138	$13,948
2020	$214,419	$205,233	$149,086	$9,186
2019	$213,941	$172,863	$138,246	$41,078

THE PRACTICE SPACE INC