Spanda Inc (EIN 205024974) - 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

2006

Legal Domicile

Phone

3193642311

Tax Period

2024-01-01 to 2024-12-31

Spanda Inc, founded in 2006, is a small nonprofit in the Health Care sector that reported $572K in total revenue in fiscal year 2024.

Mission

Help individuals with low vision Provide a clinic which serves individuals diagnosed with low vision, brain injury patients with vision loss, and children with vision

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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 (2024)

Revenue Breakdown

Contributions & Grants $33,230

Program Service Revenue $538,615

Investment Income $16

Other Revenue $0

TOTAL REVENUE $571,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $415,252

Fundraising Expenses $0

Program Expenses $579,803

Other Expenses $164,551

TOTAL EXPENSES $579,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$571,861	$591,367	0.0%
Expenses	$579,803	$582,150	0.0%
Net Income	$-7,942	$9,217	-1.9%

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
Deann Fitzgerald	President	2.00	Officer	$0	$0	$0
Khris Kelson	Board Member	1.00		$0	$0	$0
Sue Grant	Board Member	1.00		$0	$0	$0
Denise Helle	Board Member	1.00		$0	$0	$0
Jennifer Dobler	Board Member	1.00		$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	$571,861	$579,803	$28,037	$-7,942
2023	$591,367	$582,150	$39,428	$9,217
2022	$459,152	$484,678	$30,352	$-25,526
2021	$458,133	$482,942	$51,051	$-24,809
2020	$444,924	$466,394	$73,463	$-21,470
2018	$799,353	$724,558	$102,714	$74,795

Spanda Inc