THE SPERO PROJECT INC

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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

2009

Legal Domicile

Principal Officer

KIM BANDY

Phone

4053126705

Tax Period

2023-01-01 to 2023-12-31

THE SPERO PROJECT INC, founded in 2009, is a community nonprofit in the Employment sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

PROVIDE SUPPORTIVE SERVICES TO RESETTLED REFUGEES AND ASYLUM SEEKERS IN OKLAHOMA CITY. EDUCATING THE BROADER COMMUNITY ABOUT ISSUES IMPACTING REFUGEES AND ASYLUM SEEKERS. DEVELOP PARTNERSHIPS BETWEE THE REFUGEE, ASYLUM-SEEKING COMMUNITIES AND ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $2,632,329 Revenue: $0

204 INDIVIDUALS SERVED THROUGH EMPLOYMENT SUPPORT SERVICES, 821 INDIVIDUALS SERVED THROUGH MEDICAL AND MENTAL HEALTH NAVIGATION AND SUPPORT INCLUDING ASSISTANCE WITH TRANSLATION, TRANSPORTATION, AND SCHEDULING SUPPORT, 281 HEADS OF HOUSEHOLDS SUPPORTED THROUGH HOUSING STABILITY SUPPORT INCLUDING SOURCING HOUSING AND NAVIGATING LEASING PROCESSES, 240 INDIVIDUALS PARTICIPATING IN WELLNESS/ADJUSTMENT GROUPS, 310 INDIVIDUALS ACTIVE IN ADULT EDUCATION CLASSES INCLUDING ENGLISH LANGUAGE AND EMPLOYMENT/LIFE SKILLS CLASSES, 53 STUDENTS IN CITIZENSHIP EDUCATION CLASSES, 383 STUDENTS PARTICIPATING IN STUDENT SUPPORT PROGRAMMING INCLUDING AFTER SCHOOL PROGRAMS AND EDUCATIONAL SUMMER PROGRAMS, 183 CHILDREN PARTICIPATING IN EARLY CHILDHOOD EDUCATION PROGRAMMING, 73 YOUTH PARTICIPATING IN YOUTH MENTORING PROGRAMMING.

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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 $3,350,119

Program Service Revenue $0

Investment Income $771

Other Revenue $169

TOTAL REVENUE $3,351,059

Expense Breakdown

Grants Paid $27,960

Salaries & Benefits $2,538,399

Fundraising Expenses $4,107

Program Expenses $2,632,329

Other Expenses $1,110,323

TOTAL EXPENSES $3,676,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,351,059	$2,460,091	+0.4%
Expenses	$3,676,682	$2,778,539	+0.3%
Net Income	$-325,623	$-318,448	+0.0%

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

$128,306

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BANDY	CO-EXECUTIVE DIRECTOR	40.00	Officer	$80,532	$1,285	$81,817
KIM BANDY	CO-EXECUTIVE DIRECTOR	40.00	Officer	$45,000	$1,489	$46,489
ADAM KLUNZINGER	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
TRISHA HEDDLESTEN	BOARD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ADIL BAYRAKTAR	BOARD SECRETARY / TREASURER	1.00	Officer Director	$0	$0	$0
MIRANDA BERGMAN	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE BLUMERT	DIRECTOR	1.00	Director	$0	$0	$0
BAWI TLUANG	DIRECTOR	1.00	Director	$0	$0	$0
BEZA YOSEF	DIRECTOR	1.00	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	$3,351,059	$3,676,682	$1,270,896	$-325,623
2022	$2,460,091	$2,778,539	$1,186,148	$-318,448
2021	$2,063,437	$883,504	$1,515,930	$1,179,933
2020	$871,022	$810,633	$326,283	$60,389
2019	$702,186	$528,245	$261,562	$173,941
2018	$382,164	$486,221	$86,375	$-104,057