SPARC ENDOWMENT FUND INC

EIN: 371232878 501(c)(3)

SPRINGFIELD, IL

Total Revenue
$297,987
Total Expenses
$16,063
Total Assets
$8,362,424
Net Assets
$4,540,120
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
IL
Principal Officer
DENISE SCHAINKER
Phone
2177932100
Tax Period
2023-07-01 to 2024-06-30

SPARC ENDOWMENT FUND INC, founded in 1988, is a small nonprofit that reported $298K in total revenue in fiscal year 2023. The organization ran a surplus of $282K, a strong 95% operating margin.

Mission

TO RECEIVE/MAINTAIN FUNDS OF REAL OR PERSONAL PROPERTY AND APPLY THE INCOME THEREFROM TO SUPPORT PROGRAMS OF SPARC TO IMPROVE THE GENERAL WELFARE OF PERSONS WITH DEVELOPMENTAL DISABILITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,460
Program Service Revenue $0
Investment Income $247,653
Other Revenue $45,874
TOTAL REVENUE $297,987

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $16,063
TOTAL EXPENSES $16,063

Year-over-Year Comparison

2023 2022 Change
Revenue $297,987 $-175,656 -2.7%
Expenses $16,063 $13,031 +0.2%
Net Income $281,924 $-188,687 -2.5%
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

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
19

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
4
$166,166
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE NARDULLI CHAIR 1.00
Officer Director
$0 $0 $0
DENNIS RYAN TREASURER 1.00
Officer Director
$0 $0 $0
CHRIS LEMING SECRETARY 1.00
Officer Director
$0 $0 $0
LINDA JONES DIRECTOR 1.00
Director
$0 $0 $0
JIM BREMHORST DIRECTOR 1.00
Director
$0 $0 $0
TIM RIGBY DIRECTOR 1.00
Director
$0 $0 $0
DAVID ED DIRECTOR 1.00
Director
$0 $0 $0
KATIE BUSSING DIRECTOR 1.00
Director
$0 $0 $0
BRAD WIKE DIRECTOR 1.00
Director
$0 $0 $0
ROBERT WESLEY DIRECTOR 1.00
Director
$0 $0 $0
BRIAN HEATHERTON DIRECTOR 1.00
Director
$0 $0 $0
MONICA HEATHERTON DIRECTOR 1.00
Director
$0 $0 $0
AMY LAKEMAN DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE CLATFELTER DIRECTOR 1.00
Director
$0 $0 $0
GREG COLLING DIRECTOR 1.00
Director
$0 $0 $0
MIKE HOFFMAN DIRECTOR 1.00
Director
$0 $0 $0
JOE ISRINGHAUSEN DIRECTOR 1.00
Director
$0 $0 $0
DAVID TRAVIS DIRECTOR 1.00
Director
$0 $0 $0
KEVIN CORBIN DIRECTOR 1.00
Director
$0 $0 $0
DOUG MCDONALD CEO 1.00
Officer
$0 $5,458 $166,166
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 No data No data No data No data
2024 No data No data No data No data
2024 $297,987 $16,063 $8,362,424 $281,924
2023 $-175,656 $13,031 $8,147,428 $-188,687
2022 $-254,294 $15,015 $6,881,515 $-269,309
2021 $209,293 $1,123,015 $7,033,996 $-913,722
2020 $388,347 $489,658 $7,440,972 $-101,311
2019 $421,862 $493,927 $6,379,220 $-72,065
2018 $645,206 $407,746 $6,190,600 $237,460
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