SpArc Services (EIN 232593714) - 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

1991

Legal Domicile

Principal Officer

NOFRE VAQUER

Phone

2152294550

Tax Period

2024-07-01 to 2025-06-30

SpArc Services, founded in 1991, is a community nonprofit in the Employment sector that reported $9.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $18.7M represent 24 months of operating reserves.

Mission

PROVIDE DAY PROGRAMS TO ASSIST PEOPLE TO LEARN SKILLS TO LIVE INDEPENDENTLY.

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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 $5,072,547

Program Service Revenue $3,669,927

Investment Income $518,824

Other Revenue $40,320

TOTAL REVENUE $9,301,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,518,053

Fundraising Expenses $0

Program Expenses $8,274,140

Other Expenses $2,575,437

TOTAL EXPENSES $9,093,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,301,618	$8,089,115	+0.1%
Expenses	$9,093,490	$8,457,591	+0.1%
Net Income	$208,128	$-368,476	-1.6%

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

Governance

Voting Members

Independent Members

Employees

351

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

$464,590

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOFRE VAQUER	CHIEF EXECUTIVE OFFICER	28.0	Officer	$112,381	$47,461	$208,005
mia mcguire	CHIEF OPERATING OFFICER	28.0	Officer	$92,319	$11,585	$143,469
Lee Gutkin	Controller	28.0	Officer	$67,427	$16,791	$113,116
Micheal WEingram	CHAIRMAN	2.0	Officer Director	$0	$0	$0
DAVID Bright	TREASURER	2.0	Officer Director	$0	$0	$0
Norma Carter	Secretary	2.0	Officer Director	$0	$0	$0
meline GASPARYAN	Director	1.0	Director	$0	$0	$0
Michael Merriman	director	1.0	Director	$0	$0	$0
Kim Herbert	Director	1.0	Director	$0	$0	$0
Carolyn Alston	Director	1.0	Director	$0	$0	$0
Amy b Nolan	Director	1.0	Director	$0	$0	$0
Chermaina Roundtree	Director	1.0	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
2025	$9,301,618	$9,093,490	$19,313,269	$208,128
2024	No data	No data	No data	No data
2023	$7,009,011	$7,592,857	$17,441,530	$-583,846
2022	$9,202,219	$7,897,580	$16,875,723	$1,304,639
2021	$11,770,820	$7,832,052	$17,671,123	$3,938,768
2020	$10,096,104	$9,290,775	$13,126,850	$805,329
2019	$10,295,616	$9,084,606	$10,739,543	$1,211,010
2019	$10,295,616	$9,084,606	$10,739,543	$1,211,010
2018	$9,309,001	$8,425,415	$9,017,905	$883,586

SpArc Services