FURALITY INC (EIN 852497531) - 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

KYLE LOCKWOOD

Phone

3213003966

Tax Period

2023-01-01 to 2023-12-31

FURALITY INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $739K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum.

Mission

PROVIDE A FORUM TO EXPERIENCE, LEARN, AND SHARE ANTHROPOMORPHIC ARTS, INCLUDING PERFORMANCE AND VISUAL ART, IMPROV AND MUSICAL PERFORMANCES AS WELL AS CARTOONS, PHOTOGRAPHY, 3D MODELING, AND 3D DIGITAL DESIGN

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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 $74,158

Program Service Revenue $664,601

Investment Income $112

Other Revenue $0

TOTAL REVENUE $738,871

Expense Breakdown

Grants Paid $24,811

Salaries & Benefits $64,800

Fundraising Expenses $12,079

Program Expenses $751,218

Other Expenses $678,350

TOTAL EXPENSES $767,961

Year-over-Year Comparison

	2023	2022	Change
Revenue	$738,871	$431,991	+0.7%
Expenses	$767,961	$454,959	+0.7%
Net Income	$-29,090	$-22,968	+0.3%

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

N/A

Volunteers

258

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

$64,800

Total Directors

$64,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE LOCKWOOD	CHAIRMAN	50.00	Officer Director	$64,800	$0	$64,800
MICHAEL MELBY	VICE-CHAIR/S	10.00	Officer Director	$0	$0	$0
MICHAEL KLOS	TREASURER	8.00	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
2023	$738,871	$767,961	$3,371	$-29,090
2022	$431,991	$454,959	$9,134	$-22,968
2021	$311,112	$296,463	$49,492	$14,649

FURALITY INC