ART SPACE DEVELOPMENT CORPORATION (EIN 942832487) - 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

2006

Legal Domicile

Principal Officer

JOHN B WONG

Phone

4157934126

Tax Period

2024-01-01 to 2024-12-31

ART SPACE DEVELOPMENT CORPORATION, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $219K in total revenue in fiscal year 2024. Expenses of $263K exceeded revenue, resulting in a 20% operating deficit.

Mission

PROVIDE AFFORDABLE SPACE FOR SAN FRANCISCO BAY AREA ARTISTS TO WORK AND LIVE..

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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 $0

Program Service Revenue $219,365

Investment Income $0

Other Revenue $0

TOTAL REVENUE $219,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $263,455

Other Expenses $263,453

TOTAL EXPENSES $263,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,365	$219,365	N/A
Expenses	$263,453	$298,504	-0.1%
Net Income	$-44,088	$-79,139	-0.4%

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
JOHN B WONG	PRESIDENT/EXEC DIR	005.00	Officer Director	$0	$0	$0
ALMA ROBINSON	SECRETARY	001.00	Officer Director	$0	$0	$0
MARK BEST	TREASURER	001.00	Officer Director	$0	$0	$0
STEPHEN TABER	DIRECTOR	001.00	Director	$0	$0	$0
MARTHA SANGER	DIRECTOR	001.00	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	$219,365	$263,453	$843,762	$-44,088
2023	$219,365	$298,504	$910,117	$-79,139
2022	$202,993	$296,253	$990,000	$-93,260
2021	$209,140	$224,014	$1,078,540	$-14,874
2020	$181,374	$235,776	$1,101,058	$-54,402
2018	$263,880	$235,259	$1,202,940	$28,621

ART SPACE DEVELOPMENT CORPORATION