SAGINAW SPIRIT FOUNDATION

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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

2002

Legal Domicile

Principal Officer

PATRICK HENGESBACH

Phone

9897909090

Tax Period

2024-01-01 to 2024-12-31

SAGINAW SPIRIT FOUNDATION, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $269K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $229K left a modest 15% surplus.

Mission

SUPPORT YOUTH HOCKEY AND CHILDREN'S PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $182,442 Revenue: $163,525

RAFFLE: A 50/50 RAFFLE, FUNDS RAISED BY THIS PROGRAM ARE USED TO SUPPORT YOUTH HOCKEY AND OTHER CHILDREN'S PROGRAMS

Program 2

Expenses: $2,205 Revenue: $12,913

CHUCK-A-PUCK: PEOPLE BUY PUCKS TO THROW ON THE ICE DURING INTERMISSION; THE PERSON CLOSEST TO A CIRCLE WINS A GIFT CERTIFICATE. THE FUNDS RAISED BY THIS PROGRAM ARE USED TO SUPPORT YOUTH HOCKEY AND...

Program 3

Expenses: $44,360 Revenue: $88,098

JERSEY AUCTION: THE PLAYERS' JERSEYS ARE AUCTIONED OFF AT THE END OF THE SEASON TO THE HIGHEST BIDDER. FUNDS RAISED ARE USED TO SUPPORT YOUTH HOCKEY AND OTHER CHILDREN'S PROGRAMS.

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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 $4,797

Program Service Revenue $101,011

Investment Income $0

Other Revenue $163,525

TOTAL REVENUE $269,333

Expense Breakdown

Grants Paid $82,442

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $229,007

Other Expenses $146,565

TOTAL EXPENSES $229,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$269,333	$197,842	+0.4%
Expenses	$229,007	$220,628	+0.0%
Net Income	$40,326	$-22,786	-2.8%

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

N/A

Employees

N/A

Volunteers

200

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
Richard Garber	President	1.00	Officer Director	$0	$0	$0
Patrick Hengesbach	Secretary/Tresurer	2.00	Officer Director	$0	$0	$0
Steve Kelly	Director	1.00	Director	$0	$0	$0
Mike Stelter	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	$269,333	$229,007	$107,454	$40,326