SPARC INC (EIN 020811276) - 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

2007

Legal Domicile

Principal Officer

GEORGE R TURK JR

Phone

9495155100

Tax Period

2024-07-01 to 2025-06-30

SPARC INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $464K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 17% operating margin.

Mission

PROVIDE SERVICES AND PROGRAMS TO THE RESIDENTS OF MILLENNIUM HOUSING'S MANUFACTURED HOME COMMUNITIES.

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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 $455,688

Program Service Revenue $0

Investment Income $8,642

Other Revenue $0

TOTAL REVENUE $464,330

Expense Breakdown

Grants Paid $25,500

Salaries & Benefits $237,919

Fundraising Expenses $0

Program Expenses $374,730

Other Expenses $123,050

TOTAL EXPENSES $386,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$464,330	$383,045	+0.2%
Expenses	$386,469	$388,679	0.0%
Net Income	$77,861	$-5,634	-14.8%

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

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

$1,628,874

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON KMETT	DIRECTOR	0.25	Director	$0	$0	$0
NICK SANCHEZ	DIRECTOR	0.25	Director	$0	$0	$0
BOB BAGBY	DIRECTOR	0.25	Director	$0	$0	$0
KATHY WEAVER	DIRECTOR	0.25	Director	$0	$0	$0
BRETT KLUEWER	DIRECTOR	0.25	Director	$0	$0	$0
JANEES WILLIAMS	DIRECTOR	0.25	Director	$0	$0	$0
GEORGE TURK JR	PRESIDENT	2.00	Officer	$0	$93,575	$1,166,316
LORI CARRAWAY	VICE PRESIDENT	2.00	Officer	$0	$50,022	$462,558

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	$464,330	$386,469	$232,684	$77,861
2024	$383,045	$388,679	$154,823	$-5,634
2023	$247,590	$296,276	$160,457	$-48,686
2022	$297,108	$239,804	$209,143	$57,304
2021	$222,831	$231,151	$151,839	$-8,320
2020	$297,108	$262,933	$160,536	$34,175
2019	$242,913	$239,271	$126,361	$3,642
2018	$229,163	$224,561	$122,719	$4,602

SPARC INC