SPRUCE MANOR INC (EIN 274510191) - 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

WILLIAM MULLETT

Phone

3045257851

Tax Period

2024-07-01 to 2025-06-30

SPRUCE MANOR INC, founded in 2010, is a micro nonprofit in the Human Services sector that reported $60K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $547K represent 109 months of operating reserves.

Mission

TO PROVIDE LOW-INCOME HOUSING FOR MENTALLY ILL AND/OR DISABLED INDIVIDUALS

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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 (2024)

Revenue Breakdown

Contributions & Grants $44,153

Program Service Revenue $16,024

Investment Income $57

Other Revenue $0

TOTAL REVENUE $60,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,638

Fundraising Expenses $0

Program Expenses $46,547

Other Expenses $57,139

TOTAL EXPENSES $65,777

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,234	$51,407	+0.2%
Expenses	$65,777	$63,678	+0.0%
Net Income	$-5,543	$-12,271	-0.5%

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
CHRISTI BLACK	MEMBER	N/A	Director	$0	$0	$0
FRANK MARKUN	VICE-CHAIR	N/A	Officer Director	$0	$0	$0
MICHELLE MASSIE	MEMBER	N/A	Director	$0	$0	$0
KRISTIE MOTLEY	TREASURER	N/A	Officer Director	$0	$0	$0
WILLIAM MULLETT	CHAIR	N/A	Officer Director	$0	$0	$0
LISA ZAPPIA	MEMBER	N/A	Director	$0	$0	$0
CRAIG ZAPPIN	SECRETARY	N/A	Officer 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	$60,234	$65,777	$561,685	$-5,543
2024	$51,407	$63,678	$562,033	$-12,271
2023	$61,872	$53,420	$574,006	$8,452
2022	$56,006	$63,019	$566,943	$-7,013
2021	$94,533	$54,957	$572,437	$39,576
2020	$41,229	$54,306	$544,393	$-13,077
2019	$46,518	$52,609	$551,353	$-6,091

SPRUCE MANOR INC