SPURWINK PROPERTIES INC (EIN 050516323) - 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

1999

Legal Domicile

Principal Officer

REGINA C HAYES

Phone

4017814380

Tax Period

2023-01-01 to 2023-12-31

SPURWINK PROPERTIES INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $363K in total revenue in fiscal year 2023. The organization ran a surplus of $287K, a strong 79% operating margin.

Mission

PROVIDE HOUSING FACILITIES FOR THE DEVELOPMENTALLY DISABLED AND EDUCATION FACILITIES FOR SPECIAL EDUCATION.

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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 $0

Program Service Revenue $362,979

Investment Income $0

Other Revenue $0

TOTAL REVENUE $362,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $75,539

TOTAL EXPENSES $75,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$362,979	$362,314	+0.0%
Expenses	$75,539	$106,843	-0.3%
Net Income	$287,440	$255,471	+0.1%

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

$184,887

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND A ARSENAULT	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS CARVALHO	TREASURER	1.00	Officer Director	$0	$0	$0
PAULA BADESSA-KRITICOS	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL MEDICI	DIRECTOR (LEAVE OF ABSENCE)	1.00	Director	$0	$0	$0
JOHN QUINLAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT VILLUCCI	DIRECTOR	1.00	Director	$0	$0	$0
DONNA MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN COLANTUONO	DIRECTOR	1.00	Director	$0	$0	$0
JOAN MILAS	DIRECTOR (AS OF 6/23)	1.00	Director	$0	$0	$0
KATHRYN KRZYWONOS	CONSUMER MEMBER	1.00	Director	$0	$0	$0
ROLAND LANDRY	CONSUMER MEMBER	1.00	Director	$0	$0	$0
REGINA C HAYES	EXECUTIVE DIRECTOR/CFO	2.50	Officer	$0	$29,221	$184,887

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	$362,979	$75,539	$6,042,440	$287,440
2022	$362,314	$106,843	$5,760,419	$255,471
2021	$342,416	$110,846	$5,512,377	$231,570
2020	$354,710	$86,416	$5,294,076	$268,294
2019	$354,710	$75,423	$5,039,586	$279,287
2018	$354,710	$79,172	$4,765,890	$275,538

SPURWINK PROPERTIES INC