SPARK OF LIFE FOUNDATION INC (EIN 271107884) - 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

2009

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SPARK OF LIFE FOUNDATION INC, founded in 2009, is a small nonprofit in the Mental Health sector that reported $172K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $190K exceeded revenue, resulting in a 11% operating deficit.

Mission

The organizations mission is to provide grief recovery retreats for people who have experienced devastating loss.

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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 $136,407

Program Service Revenue $35,648

Investment Income $0

Other Revenue $97

TOTAL REVENUE $172,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,992

Fundraising Expenses $19,728

Program Expenses $103,100

Other Expenses $113,478

TOTAL EXPENSES $190,470

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,152	$273,373	-0.4%
Expenses	$190,470	$228,782	-0.2%
Net Income	$-18,318	$44,591	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Mathews	Executive Director	40.00	Officer Director	$0	$0	$0
Michael Chad Lockhart	Director	0.00	Director	$0	$0	$0
Amanda Lockhart	Director	0.00	Director	$0	$0	$0
Tiffany Somerville	Director	0.00	Director	$0	$0	$0
Ryan VanSickle	Director	0.00	Director	$0	$0	$0
Debra Mathews	Executive of Operations	40.00	Key Emp	$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	$172,152	$190,470	$34,103	$-18,318
2022	$273,373	$228,782	$53,745	$44,591
2021	$210,061	$190,356	$29,361	$19,705
2020	$240,244	$183,517	$24,142	$56,727
2019	$211,011	$165,491	$21,567	$45,520

SPARK OF LIFE FOUNDATION INC