SPRING GARDEN COMMUNITY DEVELOPMENT CORP (EIN 232772462) - 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

1994

Legal Domicile

Principal Officer

PATRICIA FREELAND

Phone

2152367334

Tax Period

2023-01-01 to 2023-12-31

SPRING GARDEN COMMUNITY DEVELOPMENT CORP, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Net assets of $6.8M represent 61 months of operating reserves.

Mission

COMMUNITY DEVELOPMENT AND SOCIAL SERVICES - SEE ATTACHED.

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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 $498,075

Program Service Revenue $829,790

Investment Income $3,800

Other Revenue $6,179

TOTAL REVENUE $1,337,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $642,068

Fundraising Expenses $6,603

Program Expenses $1,310,255

Other Expenses $746,258

TOTAL EXPENSES $1,388,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,337,844	$913,133	+0.5%
Expenses	$1,388,326	$1,007,081	+0.4%
Net Income	$-50,482	$-93,948	-0.5%

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

$98,848

Total Directors

$98,848

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA FREELAND	PRESIDENT/BOARD MEMBER	40.00	Officer Director	$18,750	$0	$18,750
JUSTINO NAVARRO	VICE PRESIDENT/BOARD MEMBER	40.00	Officer Director	$80,098	$0	$80,098
ROBERT SV PLATTEN	TREASURER/ASSIST. SECRETARY/BOARD MEMBER	5.00	Officer Director	$0	$0	$0
BARBARA WOLF	SECRETARY/BOARD MEMBER	5.00	Officer Director	$0	$0	$0
IAN COPE	BOARD MEMBER/DECEASED, OCTOBER 2023	5.00	Director	$0	$0	$0
ROBERT POWERS	BOARD MEMBER	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	$1,337,844	$1,388,326	$7,329,228	$-50,482
2022	$913,133	$1,007,081	$7,419,059	$-93,948
2021	$1,093,844	$866,226	$7,571,321	$227,618
2020	$633,433	$969,109	$7,481,683	$-335,676
2019	$887,319	$920,310	$7,734,596	$-32,991
2018	$1,860,700	$912,937	$7,756,885	$947,763

SPRING GARDEN COMMUNITY DEVELOPMENT CORP