SPARKS FOUNDATION INC (EIN 061689284) - 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

2003

Legal Domicile

Principal Officer

KAREN CARLES

Phone

8142441479

Tax Period

2023-07-01 to 2024-06-30

SPARKS FOUNDATION INC, founded in 2003, is a small nonprofit in the Education sector that reported $799K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO SUPPORT, PROMOTE, SPONSOR AND CARRY OUT EDUCATIONAL AND SCIENTIFIC OBJECTIVES THROUGHOUT TO SUPPORT, PROMOTE, SPONSOR AND CARRY OUT EDUCATIONAL AND SCIENTIFIC OBJECTIVES THROUGHOUT THE UNITED STATES FOCUSING ON UNDERPRIVILEGED CHILDREN.

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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 $671,650

Program Service Revenue $115,695

Investment Income $-6,940

Other Revenue $18,775

TOTAL REVENUE $799,180

Expense Breakdown

Grants Paid $798

Salaries & Benefits $93,706

Fundraising Expenses $50,248

Program Expenses $657,543

Other Expenses $711,394

TOTAL EXPENSES $805,898

Year-over-Year Comparison

	2023	2022	Change
Revenue	$799,180	$724,376	+0.1%
Expenses	$805,898	$723,618	+0.1%
Net Income	$-6,718	$758	-9.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE D MATTES	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
KAREN A CHARLES	TREASURER	0.25	Officer Director	$0	$0	$0
ABIGAIL HICKS	TRUSTEE / DIRECTOR	0.25	Officer Director	$0	$0	$0
DIANA L NEATROUR	TRUSTEE / DIRECTOR	0.25	Director	$0	$0	$0
ALEX WHITELAM	TRUSTEE / DIRECTOR	0.25	Director	$0	$0	$0
ADAM DANEY	TRUSTEE / DIRECTOR	0.25	Director	$0	$0	$0
SUZI PEFFLEY	EXECUTIVE DIRECTOR	40.00	Officer	$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	$799,180	$805,898	$56,722	$-6,718
2022	$666,842	$710,527	$61,812	$-43,685
2021	$462,283	$481,365	$106,052	$-19,082
2020	$499,202	$431,953	$124,487	$67,249
2019	$448,868	$448,365	$57,494	$503
2018	$384,833	$358,635	$56,792	$26,198

SPARKS FOUNDATION INC