SPACE FOR ART FOUNDATION INC (EIN 831005213) - 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

2018

Legal Domicile

Principal Officer

NICOLE P STOTT

Phone

8327258200

Tax Period

2024-01-01 to 2024-12-31

SPACE FOR ART FOUNDATION INC, founded in 2018, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $58K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $66K exceeded revenue, resulting in a 13% operating deficit.

Mission

The Organization was formed to develop, implement and facilitate space-inspired art therapy programs, exhibits and research; uniting a planetary community of children through the awe and wonder of space exploration and the healing power of art.

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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 $3,392

Program Service Revenue $0

Investment Income $55,077

Other Revenue $0

TOTAL REVENUE $58,469

Expense Breakdown

Grants Paid $21,000

Salaries & Benefits $0

Fundraising Expenses $2,119

Program Expenses $56,654

Other Expenses $45,279

TOTAL EXPENSES $66,279

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,469	$75,613	-0.2%
Expenses	$66,279	$50,469	+0.3%
Net Income	$-7,810	$25,144	-1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicole Stott	Dir/Pres/Sec	25.00	Officer Director	$0	$0	$0
David Graziosi	Director	5.00	Director	$0	$0	$0
Maria Lanas	Director/Treasurer	15.00	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
2024	$58,469	$66,279	$1,244,011	$-7,810
2024	$58,469	$66,279	$1,244,011	$-7,810
2023	$75,613	$21,469	$1,341,157	$54,144
2022	$23,069	$16,393	$1,300,360	$6,676
2021	$1,274,611	$43,879	$1,295,121	$1,230,732

SPACE FOR ART FOUNDATION INC