SPIRIT OF SPRINGFIELD

EIN: 223036584 501(c)(3) Community Improvement

SPRINGFIELD, MA

Total Revenue
$1,822,554
Total Expenses
$1,561,086
Total Assets
$1,242,348
Net Assets
$973,601
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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
1989
Legal Domicile
MA
Principal Officer
JUDITH MATT
Phone
4137333800
Tax Period
2022-07-01 to 2023-06-30

SPIRIT OF SPRINGFIELD, founded in 1989, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 14% surplus.

Mission

THE ORGANIZATION WAS FORMED TO PERFORM VARIOUS CULTURAL, CIVIC, RECREATIONAL AND CHARITABLE FUNCTIONS THAT HAD BEEN PREVIOUSLY PERFORMED BY THE CITY OF SPRINGFIELD, MA IN ORDER TO ENHANCE THE QUALITY OF LIFE IN THE GREATER SPRINGFIELD AREA.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $712,266
Program Service Revenue $1,030,183
Investment Income $1,400
Other Revenue $78,705
TOTAL REVENUE $1,822,554

Expense Breakdown

Grants Paid $0
Salaries & Benefits $398,719
Fundraising Expenses $0
Program Expenses $1,175,071
Other Expenses $1,162,367
TOTAL EXPENSES $1,561,086

Year-over-Year Comparison

2022 2021 Change
Revenue $1,822,554 $1,656,822 +0.1%
Expenses $1,561,086 $1,494,456 +0.0%
Net Income $261,468 $162,366 +0.6%
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

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Governance

Voting Members
10
Independent Members
10
Employees
72
Volunteers
200

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
1
$99,626
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL F WALSH EMERITUS 0.50
Director
$0 $0 $0
JONATHAN BERTHIAUME DIRECTOR 0.50
Director
$0 $0 $0
MELINDA PHELPS CLERK 0.50
Director
$0 $0 $0
JOHN SJOBERG CHAIR 0.50
Director
$0 $0 $0
DANIEL M GLANVILLE ESQUIRE DIRECTOR 0.50
Director
$0 $0 $0
MERCEDES MASKALIK DIRECTOR 0.50
Director
$0 $0 $0
KATHY TOBIN VICE CHAIR 0.50
Director
$0 $0 $0
JASON FREEMAN EMERITUS 0.50
Director
$0 $0 $0
ROBERT SIMONE DIRECTOR 0.50
Director
$0 $0 $0
CHRIS SMIGEL DIRECTOR 0.50
Director
$0 $0 $0
DR ROBERT ROOSE DIRECTOR 0.50
Director
$0 $0 $0
AMY BARRON-BURKE VICE PRESIDENT 40.00
Officer
$99,626 $0 $99,626
JUDITH MATT PRESIDENT 40.00
Highest
$154,542 $0 $154,542
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,822,554 $1,561,086 $1,242,348 $261,468
2022 $1,703,972 $1,490,312 $889,365 $213,660
2021 $1,455,944 $1,042,386 $816,753 $413,558
2020 $1,473,660 $1,535,149 $502,748 $-61,489
2019 $1,397,396 $1,366,981 $381,608 $30,415
2018 $1,299,900 $1,311,303 $343,789 $-11,403
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