SPARC Group Cares Inc (EIN 272040286) - 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

2010

Legal Domicile

Principal Officer

Mark LaMorticella

Phone

2015085593

Tax Period

2023-01-01 to 2023-12-31

SPARC Group Cares Inc, founded in 2010, is a small nonprofit in the Human Services sector that reported $134K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 32% operating margin.

Mission

To Provide Emergency financial assistance to the employees of SPARC Group LLC, Eddie Bauer LLC and Lucky OPCO LLC

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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 $134,002

Program Service Revenue $0

Investment Income $324

Other Revenue $0

TOTAL REVENUE $134,326

Expense Breakdown

Grants Paid $76,116

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,116

Other Expenses $15,603

TOTAL EXPENSES $91,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$134,326	$100,195	+0.3%
Expenses	$91,719	$98,417	-0.1%
Net Income	$42,607	$1,778	+23.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Dixon	Director	1.00	Director	$0	$0	$0
Julie Sedlock	Director	1.00	Director	$0	$0	$0
Mike Zeiger	Director	1.00	Director	$0	$0	$0
Karen Walter	Director	1.00	Director	$0	$0	$0
Michelle Meadows	Director	1.00	Director	$0	$0	$0
Michelle Mustin	Director	1.00	Director	$0	$0	$0
Colette Stanford	President	1.00	Officer Director	$0	$0	$0
Robin Sepe	Vice President	1.00	Officer Director	$0	$0	$0
Matthew Magnifico	Secretary	1.00	Officer Director	$0	$0	$0
Mark Lamorticella	Treasurer	1.00	Officer Director	$0	$0	$0
Robert Hernon	Asst. Treasurer	1.00	Officer Director	$0	$0	$0
Lindsay Virts	Director	1.00	Director	$0	$0	$0
Jessica Sosa	Director	1.00	Director	$0	$0	$0
Barbara Harris	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	$134,326	$91,719	$657,238	$42,607
2022	$100,195	$98,417	$614,506	$1,778
2021	$123,137	$156,610	$621,800	$-33,473
2020	$87,123	$179,450	$647,701	$-92,327
2019	$90,137	$67,803	$737,028	$22,334
2018	$88,997	$169,201	$714,694	$-80,204

SPARC Group Cares Inc