VITAL SPACES (EIN 994189021) - 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

2024

Legal Domicile

Principal Officer

RAASHAN AHMAD MORRIS

Phone

5054698820

Tax Period

2025-01-01 to 2025-12-31

VITAL SPACES, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $503K in total revenue in fiscal year 2025. The organization ran a surplus of $86K, a strong 17% operating margin.

Mission

VITAL SPACES IS A COMMUNITY VITALITY ORGANIZATION USING THE ARTS AS A CATALYST FOR ECONOMIC, SOCIAL, AND CULTURAL GROWTH IN SANTA FE. OUR MISSION IS TO EMPOWER ARTISTS, SUPPORT CREATIVE ENTREPRENEURS, AND FOSTER A THRIVING CREATIVE ECONOMY THAT BENEFITS THE CITY'S DIVERSE POPULATIONS.

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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 $501,796

Program Service Revenue $1,600

Investment Income $6

Other Revenue $39

TOTAL REVENUE $503,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $45,382

Program Expenses $241,969

Other Expenses $411,817

TOTAL EXPENSES $417,197

Year-over-Year Comparison

	2025	2024	Change
Revenue	$503,441	N/A	N/A
Expenses	$417,197	N/A	N/A
Net Income	$86,244	N/A	N/A

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

$142,950

Total Directors

$142,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAASHAN AHMAD MORRIS	EXECUTIVE DI	40.00	Officer Director	$142,950	$0	$142,950
JIM HEYNAN	CHAIR	5.00	Officer Director	$0	$0	$0
JOAN BAKER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
CHRISTOPHER WEBSTER	TREASURER	5.00	Officer Director	$0	$0	$0
ELENA HIGGINS	SECRETARY	5.00	Officer Director	$0	$0	$0
ALEJANDRA AVILA	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTOPHER GOETT	DIRECTOR	5.00	Director	$0	$0	$0
ISATU KIAGZIABIHER	DIRECTOR	5.00	Director	$0	$0	$0
ZIZI MUELLER	DIRECTOR	5.00	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
2025	$503,441	$417,197	$427,177	$86,244

VITAL SPACES