SPF DEVELOPMENT CORPORATION

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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

1988

Legal Domicile

Principal Officer

PATRICK PHELAN

Phone

8152846611

Tax Period

2020-07-01 to 2021-06-30

SPF DEVELOPMENT CORPORATION, founded in 1988, is a small nonprofit that reported $560K in total revenue in fiscal year 2020. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $216K, a strong 39% operating margin.

Mission

SUPPORTING AND PROMOTING MENTAL HEALTH SERVICES

Program Service Accomplishments

Program 1

Expenses: $335,475 Revenue: $393,140

SDF DEVELOPMENT CORPORATION SUPPORTS AND PROMOTES MENTAL HEALTH SERVICES BY HOLDING OWNERSHIP OF FACILITIES AND EQUIPMENT THAT ARE LEASED TO SPF DEVELOPMENT CORPORATION AFFILIATES IN THE MENTAL...

SDF DEVELOPMENT CORPORATION SUPPORTS AND PROMOTES MENTAL HEALTH SERVICES BY HOLDING OWNERSHIP OF FACILITIES AND EQUIPMENT THAT ARE LEASED TO SPF DEVELOPMENT CORPORATION AFFILIATES IN THE MENTAL HEALTH SERVICE FIELD FOR BELOW MARKET RENT. THE DIFFERENCE BETWEEN THE LEASE INCOME AT MARKET VALUE AND BELOW MARKET VALUE IS ESTIMATED AT $328,591. THIS DIFFERENCE IS RECORDED AS AN IN-KIND CONTRIBUTION TO SPF DEVELOPMENT AFFILIATES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $393,140

Investment Income $8,551

Other Revenue $158,162

TOTAL REVENUE $559,853

Expense Breakdown

Grants Paid $750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $335,475

Other Expenses $342,675

TOTAL EXPENSES $343,425

Year-over-Year Comparison

	2020	2019	Change
Revenue	$559,853	$394,014	+0.4%
Expenses	$343,425	$331,278	+0.0%
Net Income	$216,428	$62,736	+2.4%

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

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

$399,664

Total Directors

$255,422

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK M PHELAN	PRESIDENT/CEO	0.50	Officer Director	$0	$27,997	$255,422
LAWRENCE A PRINDAVILLE	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
KAY FISHER	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
JOHN JACOBS	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
GARY GEHLBACH	DIRECTOR	0.50	Director	$0	$0	$0
TERESA A GOOD	VP/CFO	1.00	Officer	$0	$13,066	$144,242

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
2021	$559,853	$343,425	$4,664,275	$216,428
2021	No data	No data	No data	No data
2020	$394,014	$331,278	$4,586,268	$62,736
2019	$384,919	$244,293	$4,345,182	$140,626
2018	$372,601	$260,878	$4,208,228	$111,723