BULK SPACE (EIN 861809965) - 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

2021

Legal Domicile

Principal Officer

JESSICA ALLIE

Phone

3137524321

Tax Period

2024-01-01 to 2024-12-31

BULK SPACE, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $425K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $110K, a strong 26% operating margin.

Mission

TO SUPPORT DETROIT'S CULTURAL LANDSCAPE; AS A NETWORK FOR ARTISTS, CURATORS & ARTS ENTHUSIASTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $421,973

Program Service Revenue $1,450

Investment Income $0

Other Revenue $1,423

TOTAL REVENUE $424,846

Expense Breakdown

Grants Paid $1,039

Salaries & Benefits $66,067

Fundraising Expenses $18,733

Program Expenses $270,976

Other Expenses $248,103

TOTAL EXPENSES $315,209

Year-over-Year Comparison

	2024	2023	Change
Revenue	$424,846	$761,304	-0.4%
Expenses	$315,209	$137,195	+1.3%
Net Income	$109,637	$624,109	-0.8%

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

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

$31,506

Total Directors

$66,068

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA ALLIE	PRESIDENT/CO-DIRECTOR	15.00	Officer Director	$0	$0	$0
MEGAN KELLEY	TREASURER	10.00	Officer Director	$31,506	$0	$31,506
SARA NISHIKAWA	SECRETARY	5.00	Officer Director	$0	$0	$0
JOVA LYNNE JOHNSON VARGAS	DIRECTOR	0.50	Director	$34,562	$0	$34,562
TIZZIANA BALDENEBRO	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM MARCELLUS ARMSTRONG	DIRECTOR	3.00	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
2024	$424,846	$315,209	$437,623	$109,637
2023	$761,304	$137,195	$776,801	$624,109

BULK SPACE