Spruce Island Development Corporation (EIN 201622649) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Principal Officer

Duncan Fields

Phone

9076802269

Tax Period

2024-10-01 to 2025-09-30

Spruce Island Development Corporation is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 663% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 4% surplus.

Mission

Provide economic development

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,570,209

Program Service Revenue $0

Investment Income $0

Other Revenue $81,301

TOTAL REVENUE $1,651,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,591,868

Other Expenses $1,591,868

TOTAL EXPENSES $1,591,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,651,510	$216,515	+6.6%
Expenses	$1,591,868	$99,369	+15.0%
Net Income	$59,642	$117,146	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
Darrin Muller	Chairman	3	Officer Director	$0	$0	$0
Lorena Skonber	Vice-chair	3	Officer Director	$0	$0	$0
Katherine Pana	Secretary	3	Officer Director	$0	$0	$0
Jennifer Torse	Director	2	Director	$0	$0	$0
Harold Squarts	Director	2	Director	$0	$0	$0
Herman Anderso	Director	2	Director	$0	$0	$0
Robert Boskofs	Director	2	Director	$0	$0	$0
Larry Chicheno	Director	2	Director	$0	$0	$0
Bill Pyles	Director	2	Director	$0	$0	$0
Duncan Fields	Administrator	5	Officer Key Emp	$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
2025	$1,651,510	$1,591,868	$225,936	$59,642
2024	$216,515	$99,369	$166,294	$117,146
2023	$526,350	$517,396	$49,148	$8,954
2018	$501,732	$461,375	$65,500	$40,357

Spruce Island Development Corporation