MAKER SPACE 307 (EIN 843048784) - 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

2020

Legal Domicile

Principal Officer

DAVID MAULIK

Phone

3072403134

Tax Period

2023-01-01 to 2023-12-31

MAKER SPACE 307, founded in 2020, is a small nonprofit in the Education sector that reported $257K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $288K exceeded revenue, resulting in a 12% operating deficit.

Mission

MAKER SPACE 307 SUPPORTS CREATIVE IDEAS, INVENTIONS, AND STARTUPS BY TEACHING PEOPLE HOW TO USE THE TOOLS AND TECHNOLOGY NECESSARY FOR THEM TO MAKE THEIR OWN WAY.

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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 $257,209

Program Service Revenue $278

Investment Income $0

Other Revenue $0

TOTAL REVENUE $257,487

Expense Breakdown

Grants Paid $44,143

Salaries & Benefits $81,632

Fundraising Expenses $0

Program Expenses $207,618

Other Expenses $161,823

TOTAL EXPENSES $287,598

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,487	$377,030	-0.3%
Expenses	$287,598	$281,577	+0.0%
Net Income	$-30,111	$95,453	-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

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

$57,499

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES PALMER	FORMER PRESIDENT / VICE-CHAIR	1.00	Officer Director	$0	$0	$0
LETITIA BLACK	CHAIR	0.50	Officer Director	$0	$0	$0
CHRISTIN SINGER	DIRECTOR	0.25	Director	$0	$0	$0
RICH SINGER	DIRECTOR	0.25	Director	$0	$0	$0
GEORGE GUINA	DIRECTOR	0.25	Director	$0	$0	$0
ROB ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MAULIK	EXECUTIVE DIRECTOR	40.00	Officer	$57,499	$0	$57,499

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
2023	$257,487	$287,598	$149,861	$-30,111
2022	$377,030	$281,577	$181,997	$95,453
2021	$243,030	$245,622	$86,693	$-2,592

MAKER SPACE 307