BOSTON SPARKS ASSOCIATION INC (EIN 042850266) - 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

1938

Legal Domicile

Principal Officer

THOMAS LEONE

Phone

6173389700

Tax Period

2024-01-01 to 2024-12-31

BOSTON SPARKS ASSOCIATION INC, founded in 1938, is a small nonprofit that reported $220K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $191K left a modest 13% surplus.

Mission

PROVIDE CANTEEN SUPPORT FOR FIRST RESPONDERS SUCH AS FIREFIGHTERS, POLICE, AND PUBLIC SAFETY PERSONNEL IN BOSTON AND SURROUNDING AREAS AND TO MAINTAIN, PRESERVE AND DISPLAY FIRE MEMORABILIA AT THE BOSTON FIRE MUSEUM ON CONGRESS ST AS WELL AS TO EDUCATE AND INFORM THE GENERAL PUBLIC.

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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 $125,181

Program Service Revenue $0

Investment Income $137

Other Revenue $95,100

TOTAL REVENUE $220,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,000

Fundraising Expenses $0

Program Expenses $158,246

Other Expenses $188,165

TOTAL EXPENSES $191,165

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,418	$598,170	-0.6%
Expenses	$191,165	$179,516	+0.1%
Net Income	$29,253	$418,654	-0.9%

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

$3,000

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN HOLSTROM	PRESIDENT	20.00	Officer Director	$600	$0	$600
THOMAS LEONE	TREASURER	20.00	Officer Director	$2,400	$0	$2,400
BRIAN KERINS	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MIKE GERRY	SECRETARY	20.00	Officer Director	$0	$0	$0
DAN PAGLIA	DIRECTOR	10.00	Director	$0	$0	$0
JOE O'CONNELL	DIRECTOR	5.00	Director	$0	$0	$0
ED HASSAN	DIRECTOR	20.00	Director	$0	$0	$0
MATT MCSHEEHY	DIRECTOR	20.00	Director	$0	$0	$0
ANTHONY FOWLER	DIRECTOR	10.00	Director	$0	$0	$0
CHRISTIAN WATERMAN	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
2024	$220,418	$191,165	$1,173,578	$29,253
2023	$598,170	$179,516	$1,146,918	$418,654
2022	$461,370	$125,402	$728,514	$335,968
2021	$286,060	$110,109	$393,036	$175,951

BOSTON SPARKS ASSOCIATION INC