SPASTIC PARAPLEGIA FOUNDATION INC (EIN 043594491) - 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

2002

Legal Domicile

Principal Officer

Greg Pruitt

Phone

8777734483

Tax Period

2023-01-01 to 2023-12-31

SPASTIC PARAPLEGIA FOUNDATION INC, founded in 2002, is a community nonprofit in the Diseases & Disorders sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.9M exceeded revenue, resulting in a 46% operating deficit.

Mission

1. To fund scientific research to discover the cures for hereditary spastic paraplegia and primary lateral sclerosis. 2. To provide information about the disorders to patients and their loved ones, and to the general public. 3. To provide emotional support to patients and their loved ones.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,244,568

Program Service Revenue $49,773

Investment Income $30,504

Other Revenue $0

TOTAL REVENUE $1,324,845

Expense Breakdown

Grants Paid $1,930,438

Salaries & Benefits $0

Fundraising Expenses $4,384

Program Expenses $1,896,252

Other Expenses $-1,824

TOTAL EXPENSES $1,928,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,324,845	$1,249,081	+0.1%
Expenses	$1,928,614	$748,400	+1.6%
Net Income	$-603,769	$500,681	-2.2%

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

100

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
Corey Braastad	Director	5	Director	$0	$0	$0
Hank Chiuppi	Secretary/Director	30	Officer Director	$0	$0	$0
John Cobb	Director	10.00	Director	$0	$0	$0
Tina Croghan	Director	10.00	Director	$0	$0	$0
Frank Davis	Director	5	Director	$0	$0	$0
Dina Landphair	Director	10	Director	$0	$0	$0
David Lewis	Treasurer	5	Officer Director	$0	$0	$0
Greg Pruitt	President/Director	30	Officer Director	$0	$0	$0
Jim Sheorn	Vice President/Director	30	Officer Director	$0	$0	$0
Carina Thurgood	Director	5	Director	$0	$0	$0
Jackie Wellman	Director	10	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	No data	No data	No data	No data
2023	$1,324,845	$1,928,614	$3,308,442	$-603,769
2022	$1,249,081	$748,401	$2,855,492	$500,680
2021	$1,153,340	$715,727	$2,650,188	$437,613
2020	$929,060	$991,817	$2,291,149	$-62,757

SPASTIC PARAPLEGIA FOUNDATION INC