SPRUCE PLACE INC (EIN 264297835) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

MARCIA HILLE

Phone

5035919280

Tax Period

2024-07-01 to 2025-06-30

SPRUCE PLACE INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $120K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $259K exceeded revenue, resulting in a 115% operating deficit.

Mission

HOUSING FOR MENTALLY DISABLED ADULTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $74,533

Program Service Revenue $45,904

Investment Income $8

Other Revenue $0

TOTAL REVENUE $120,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $259,444

Other Expenses $259,444

TOTAL EXPENSES $259,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,445	$128,217	-0.1%
Expenses	$259,444	$228,630	+0.1%
Net Income	$-138,999	$-100,413	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$187,462

Total Directors

$187,462

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCIA HILLE	EXECUTIVE DI	0.11	Officer Director	$0	$21,046	$187,462
THERESA LAFAVOR	BOARD CHAIR	0.11	Officer Director	$0	$0	$0
GREG HARRIS	VICE PRESIDE	0.11	Officer Director	$0	$0	$0
JOE CHRISTY	SECRETARY/TR	0.11	Officer Director	$0	$0	$0
KATIE RILEY	BOARD MEMBER	0.11	Director	$0	$0	$0
FRANK WALL	BOARD MEMBER	0.11	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	$120,445	$259,444	$1,965,581	$-138,999
2024	$128,217	$228,630	$2,048,558	$-100,413
2023	$131,576	$237,940	$2,106,825	$-106,364
2022	$95,394	$213,200	$2,211,038	$-117,806
2021	$90,604	$227,223	$2,283,593	$-136,619
2020	$95,242	$209,019	$2,366,875	$-113,777
2019	$93,616	$206,382	$2,437,314	$-112,766

SPRUCE PLACE INC