VITAL SPACES 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

2019

Legal Domicile

Principal Officer

JONATHAN BOYD

Phone

5056908962

Tax Period

2020-01-01 to 2020-12-31

VITAL SPACES INC, founded in 2019, is a small nonprofit that reported $235K in total revenue in fiscal year 2020. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $227K left a modest 3% surplus.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $226,903

WE SUPPORT UNDERREPRESENTED AND NON-COMMERCIAL ARTISTS BY OFFERING RET-FREE OR LOW-RENT SPACES AS WELL AS EDUCATION, COMMUNITY BUILDING, AND COLLABORATIVE INITIATIVES AND EVENTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $218,210

Program Service Revenue $0

Investment Income $0

Other Revenue $16,454

TOTAL REVENUE $234,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,897

Fundraising Expenses $0

Program Expenses $226,903

Other Expenses $129,006

TOTAL EXPENSES $226,903

Year-over-Year Comparison

	2020	2019	Change
Revenue	$234,664	$167,657	+0.4%
Expenses	$226,903	$74,276	+2.1%
Net Income	$7,761	$93,381	-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

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
JONATHAN BOYD	DIRECTOR	6.00	Director	$0	$0	$0
NINA KOH	COMMUNICATIONS DIRECTOR	6.00	Director	$0	$0	$0
CHRISTOPHER WEBSTER	DIRECTOR	6.00	Director	$0	$0	$0
RAASHAN AHMAD	DIRECTOR	6.00	Director	$0	$0	$0
YUKI MURATA	DIRECTOR	6.00	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
2020	$234,664	$226,903	$112,781	$7,761