IDEASPACE PROJECT 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

2020

Legal Domicile

Principal Officer

FREDERICK IRVING TAFT

Phone

2164702443

Tax Period

2025-01-01 to 2025-12-31

IDEASPACE PROJECT INC, founded in 2020, is a micro nonprofit in the Public & Societal Benefit sector that reported $35K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. Expenses of $42K exceeded revenue, resulting in a 20% operating deficit.

Mission

CONSULTATION AND RESEARCH SERVICES FOR STRATEGIC PLANNING AND DECISION MAKING FOR PUBLIC AND PRIVATE ENTITIES.

Program Service Accomplishments

Program 1

Expenses: $37,333

ONGOING PRESENTATION OF MATERIAL REGARDING U.S. IMMIGRATION POLICY ON THE IDEASPACE.COM WEBSITE AND SUBSTANTIAL BACKGROUND WORK TO PREPARE FOR A NEW WEBSITE THAT WILL IN 2026 PUBLISH MATERIAL...

ONGOING PRESENTATION OF MATERIAL REGARDING U.S. IMMIGRATION POLICY ON THE IDEASPACE.COM WEBSITE AND SUBSTANTIAL BACKGROUND WORK TO PREPARE FOR A NEW WEBSITE THAT WILL IN 2026 PUBLISH MATERIAL REGARDING A PROPOSED GRAND STRATEGY FOR THE DEMOCRATIC PARTY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $35,100

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $35,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,333

Other Expenses $42,200

TOTAL EXPENSES $42,200

Year-over-Year Comparison

	2025	2024	Change
Revenue	$35,100	$43,520	-0.2%
Expenses	$42,200	$57,711	-0.3%
Net Income	$-7,100	$-14,191	-0.5%

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
FREDERICK TAFT	PRESIDENT	7.00	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
2025	$35,100	$42,200	$2,245	$-7,100
2024	No data	No data	No data	No data
2023	$124,999	$142,567	$23,536	$-17,568
2022	$26	$220,335	$41,104	$-220,309
2021	$250,048	$241,037	$261,413	$9,011
2020	$312,001	$59,599	$252,402	$252,402