IGNITE THE SPIRIT (EIN 204656124) - 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

2005

Legal Domicile

Principal Officer

RICHARD PINSKEY

Phone

7732181114

Tax Period

2023-01-01 to 2023-12-31

IGNITE THE SPIRIT, founded in 2005, is a small nonprofit in the Youth Development sector that reported $296K in total revenue in fiscal year 2018.

Mission

THE MISSION IS TO QUICKLY DISTRIBUTE FUNDS TO FIRST RESPONDERS AND THEIR FAMILIES IN TIMES OF NEED.

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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 $875,552

Program Service Revenue $0

Investment Income $3,600

Other Revenue $0

TOTAL REVENUE $879,152

Expense Breakdown

Grants Paid $605,915

Salaries & Benefits $0

Fundraising Expenses $45,903

Program Expenses $701,909

Other Expenses $162,587

TOTAL EXPENSES $768,502

Year-over-Year Comparison

	2023	2022	Change
Revenue	$879,152	$194,299	+3.5%
Expenses	$768,502	$147,014	+4.2%
Net Income	$110,650	$47,285	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD PINSKEY	President	10.00	Officer Director	$0	$0	$0
KENNY SOO	Vice President	5.00	Officer Director	$0	$0	$0
MATT STRALEY	Trustee	5.00	Director	$0	$0	$0
MIKE AHERN	Trustee	5.00	Director	$0	$0	$0
JIM PACK	Director	5.00	Director	$0	$0	$0
SAM KAMBERIS	Director	5.00	Director	$0	$0	$0
JEFF PORTER	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	No data	No data	No data	No data
2023	$879,152	$768,502	$314,867	$110,650
2022	$194,299	$147,014	$194,217	$47,285
2021	$313,314	$254,322	$146,932	$58,992
2019	$299,099	$313,306	$96,708	$-14,207
2018	$296,139	$293,792	$110,915	$2,347

IGNITE THE SPIRIT