SPARK OF HOPE CARE INC

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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

2014

Legal Domicile

Principal Officer

VENUS CARTER

Tax Period

2023-01-01 to 2023-12-31

SPARK OF HOPE CARE INC, founded in 2014, is a micro nonprofit in the Human Services sector that reported $32K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring.

Mission

BRING AID TO THOSE PEOPLE WHO ARE IN NEED OF HEALTHCARE SERVICES, CLOTHING, SHELTER, SPIRITUAL COUNSELING, AND NUTRITIONAL SERVICES.

Program Service Accomplishments

Program 1

Expenses: $2,007 Revenue: $2,007

SUPPLIES FOR FAMILIES AND YOUTH

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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 $0

Program Service Revenue $32,110

Investment Income $0

Other Revenue $0

TOTAL REVENUE $32,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,770

Fundraising Expenses $0

Program Expenses $2,007

Other Expenses $17,003

TOTAL EXPENSES $31,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,110	$75,228	-0.6%
Expenses	$31,773	$74,901	-0.6%
Net Income	$337	$327	+0.0%

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

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
VENUS CARTER	PRESIDENT	30	Officer	$0	$0	$0
THERON TAYLOR	TREASURER	20	Officer	$0	$0	$0
VANTASHACARTER	SECRETARY	20	Officer	$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
2023	$32,110	$31,773	$800	$337
2022	$75,228	$74,901	$463	$327
2021	$105,110	$105,093	$136	$17
2020	$93,073	$94,944	$119	$-1,871
2019	$85,638	$87,544	$420	$-1,906