SPACE-SHIP INC

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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

2018

Legal Domicile

Principal Officer

JULIA VLOCK

Phone

2032313573

Tax Period

2021-01-01 to 2021-12-31

SPACE-SHIP INC, founded in 2018, is a micro nonprofit that reported $509 in total revenue in fiscal year 2021. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $1K exceeded revenue, resulting in a 163% operating deficit.

Mission

PROMOTING ART AND EDUCATING THE PUBLIC BY PROVIDING SHORT TERM GALLERY SPACES FOR EMERGING AND MARGINALIZED ARTISTS.

Program Service Accomplishments

Program 1

SPACE-SHIP INC WAS DISSOLVED ON MARCH 16, 2020 AND CEASED ACTIVITES IN 2021.PRIOR TO THE DISSOLUTION THE ORGANIZATION PROMOTED ART AND EDUCATED THE PUBLIC BY PROVIDING SHORT TERM GALLERY SPACES FOR MARGINALIZED ARTISTS, GIVING THEM A PLATFORM TO ENGAGE WITH AND MARKET TO A MYRIAD OF COMMUNITIES THAT MIGHT NOT EVER SEE OR EXPERIENCE THEIR ARTWORK OTHERWISE. THE CORPORATION AND ITS COMMUNITY ALSO PROVIDED A DIGITAL PLATFORM FOR UP-AND-COMING ARTISTS TO EXHIBIT WORK AND EXCHANGE IDEAS. THROUGH THE CORPORATION'S INSTALLATIONS, PROGRAMMING, AND EDUCATIONAL INITIATIVES, IT ENGAGED LOCAL COMMUNITIES: ITS LARGER GOAL BEING TO CREATE GENUINE CONNECTIVITY BETWEEN INDIVIDUALS AND GROUPS, FACILITATING CONVERSATIONS SPANNING DIFFERENT UPBRINGINGS, BACKGROUNDS, AND PERSPECTIVES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $509

TOTAL REVENUE $509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,337

TOTAL EXPENSES $1,337

Year-over-Year Comparison

	2021	2020	Change
Revenue	$509	$10,878	-1.0%
Expenses	$1,337	$19,586	-0.9%
Net Income	$-828	$-8,708	-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

N/A

Employees

N/A

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
JOEL CAMPO	DIRECTOR	10.00	Director	$0	$0	$0
SERENA BOARD	SECRETARY, DIRECTOR	10.00	Officer Director	$0	$0	$0
JULIA VLOCK	PRESIDENT	10.00	Officer 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
2021	$509	$1,337	No data	$-828
2020	$10,878	$19,586	$703	$-8,708
2019	$106,289	$151,451	$9,465	$-45,162
2018	$243,663	$189,093	$54,626	$54,570