THE SPERO PROJECT INC

EIN: 264035530 501(c)(3) Employment

OKLAHOMA CITY, OK

Total Revenue
$3,351,059
Total Expenses
$3,676,682
Total Assets
$1,270,896
Net Assets
$823,175
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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
OK
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.

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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 (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

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Governance

Voting Members
7
Independent Members
7
Employees
80
Volunteers
39

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
5
$128,306
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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