A SPACE TO SOAR INC (EIN 832178217) - 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

Dale Royal

Phone

4046245295

Tax Period

2024-07-01 to 2025-06-30

A SPACE TO SOAR INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $317K in total revenue in fiscal year 2024. Expenses of $435K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO ACQUIRE, DEVELOP, AND LEASE A DANCE STUDIO AND COMMUNITY CENTER IN ATLANTA. THE ORGANIZATION IS ACCOMPLISHING THIS THROUGH THE NEW MARKETS CREDIT PROGRAM.

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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 $0

Program Service Revenue $316,500

Investment Income $11

Other Revenue $0

TOTAL REVENUE $316,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $425,559

Other Expenses $435,353

TOTAL EXPENSES $435,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$316,511	$326,520	0.0%
Expenses	$435,353	$460,552	-0.1%
Net Income	$-118,842	$-134,032	-0.1%

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

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
Dale Royal	President	1.0	Officer Director	$0	$0	$0
Helen Cease	Secretary	1.0	Officer Director	$0	$0	$0
Erin Forestner	Member	1.0	Director	$0	$0	$0
Jim Wehner	Member	1.0	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
2025	$316,511	$435,353	$8,110,928	$-118,842
2024	$82,021	$110,465	$8,440,695	$-28,444
2024	$326,520	$460,552	$8,229,770	$-134,032
2023	$87,031	$108,549	$8,469,138	$-21,518
2022	$316,545	$452,274	$8,491,712	$-135,729
2021	$336,575	$446,351	$8,626,385	$-109,776
2020	$159,668	$176,899	$9,157,906	$-17,231
2019	$446,545	$23,153	$9,765,618	$423,392

A SPACE TO SOAR INC