Mattapan, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Spiritco Inc, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $285K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $62K, a strong 22% operating margin.
Spiritco was organized as a 501(c)2 subsidiary of the Church of the Holy Spirit. Its major activity is leasing property to a major human services agency (ABCD). ABCD provides educational prigrams (Head Start) and other community enrichment services for residents of the Mattapan, MA area.
Spiritcos largest project is deriving rental income from a building to which it has title. The tenant is a major human services agency (Action for Boston Community Development)that provides valuable...
Spiritcos largest project is deriving rental income from a building to which it has title. The tenant is a major human services agency (Action for Boston Community Development)that provides valuable supporting services to inner city Bostonians (Head Start, career training, elder support,fuel and housing assistance). Spiritco is a subsidiary of the Church of the Holy Spirit (Episcopal) and was created in 1992 by purchasing property with funds from an unrestricted donation from a CHS parishioner.
Spiritco also holds title to two residential buildings both of which were originally purchased to provide housing for CHS parish priests. Both buildings provide rental income.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $284,924 | $321,197 | -0.1% |
| Expenses | $222,437 | $292,717 | -0.2% |
| Net Income | $62,487 | $28,480 | +1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Rev Zenetta Armstrong | President | 5.00 |
Officer
Director
|
$0 | $0 | $82,527 |
| Louise Gant | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Reinaldo Ford | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Robert MH Branch | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Ray Elliott | Clerk | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $284,924 | $222,437 | $2,706,684 | $62,487 |
| 2022 | $321,197 | $292,717 | $2,579,891 | $28,480 |
| 2021 | $262,461 | $218,915 | $2,884,834 | $43,546 |
| 2020 | $295,526 | $201,110 | $2,756,753 | $94,416 |
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