SPIRIT COMMUNICATIONS INC (EIN 311396255) - 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

1996

Legal Domicile

Principal Officer

KATHRYN L SHUMATE

Phone

6148397100

Tax Period

2023-01-01 to 2023-12-31

SPIRIT COMMUNICATIONS INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $679K in total revenue in fiscal year 2023. Expenses of $822K exceeded revenue, resulting in a 21% operating deficit.

Mission

NON-COMMERCIAL AND NON-PROFIT BROADCASTING

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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 $602,148

Program Service Revenue $0

Investment Income $77,097

Other Revenue $0

TOTAL REVENUE $679,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $415,250

Fundraising Expenses $0

Program Expenses $788,787

Other Expenses $406,309

TOTAL EXPENSES $821,559

Year-over-Year Comparison

	2023	2022	Change
Revenue	$679,245	$646,176	+0.1%
Expenses	$821,559	$911,953	-0.1%
Net Income	$-142,314	$-265,777	-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

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

$72,075

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE CANTU	TRUSTEE	40.00	Director	$36,146	$2,649	$38,795
JOHN SHUMATE JR	TRUSTEE	20.00	Director	$33,280	$0	$33,280
ROBERT MATIAS	TRUSTEE	N/A	Director	$0	$0	$0
TAMERA MATIAS	TRUSTEE	N/A	Director	$0	$0	$0
KAREN SEIDENSCHMIDT	TRUSTEE	N/A	Director	$0	$0	$0
KATHRYN L SHUMATE	TRUSTEE	N/A	Director	$0	$0	$0
JOHN P SHUMATE SR	TRUSTEE	N/A	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	$679,245	$821,559	$989,111	$-142,314
2022	$646,176	$911,953	$1,131,425	$-265,777
2021	$749,794	$825,235	$1,397,202	$-75,441
2020	$898,456	$797,430	$1,472,643	$101,026
2019	$746,285	$857,016	$1,371,617	$-110,731
2018	$747,783	$823,693	$1,482,348	$-75,910

SPIRIT COMMUNICATIONS INC