EPIC ART SPACE INC

EIN: 844586968 501(c)(3)

Chicago, IL

Total Revenue
$103,000
Total Expenses
$97,216
Total Assets
$15,700
Net Assets
$15,700
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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
IL
Principal Officer
PETER KIBANYI
Phone
3127226476
Tax Period
2022-01-01 to 2022-12-31

EPIC ART SPACE INC, founded in 2020, is a small nonprofit that reported $103K in total revenue in fiscal year 2022. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $97K left a modest 6% surplus.

Mission

PROVIDE ART EDUCATION, AWARENESS PROGRAMS AND CLASSES FOR THE COMMUNITY AND GENERAL PUBLIC

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $86,040
Program Service Revenue $16,762
Investment Income $0
Other Revenue $198
TOTAL REVENUE $103,000

Expense Breakdown

Grants Paid $350
Salaries & Benefits $25,354
Fundraising Expenses $0
Program Expenses $70,964
Other Expenses $71,512
TOTAL EXPENSES $97,216

Year-over-Year Comparison

2022 2021 Change
Revenue $103,000 $76,992 +0.3%
Expenses $97,216 $110,046 -0.1%
Net Income $5,784 $-33,054 -1.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
4
Volunteers
40

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER KIBANYI PRESIDENT 3.00
Officer Director
$0 $0 $0
LIZZETE HARKINS TREASURER 3.00
Officer Director
$0 $0 $0
MARA AGUIRRE SECRETARY 2.00
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
2022 $103,000 $97,216 $15,700 $5,784
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