Spaulding for Children (EIN 381871660) - 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

1968

Legal Domicile

Principal Officer

Melissa Jenovai

Phone

2484430300

Tax Period

2023-10-01 to 2024-09-30

Spaulding for Children, founded in 1968, is a mid-sized nonprofit in the Human Services sector that reported $14.7M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $14.0M left a modest 5% surplus.

Mission

In partnership with diverse communities, Spaulding for Children's mission is to develop and integrate revolutionary and innovative programs that provide families the support needed to enhance the care of children and youth with the pursuit of permanency.

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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 $10,207,235

Program Service Revenue $4,322,228

Investment Income $148,793

Other Revenue $5,405

TOTAL REVENUE $14,683,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,287,575

Fundraising Expenses $73,842

Program Expenses $12,573,269

Other Expenses $9,731,801

TOTAL EXPENSES $14,019,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,683,661	$11,272,856	+0.3%
Expenses	$14,019,376	$11,054,063	+0.3%
Net Income	$664,285	$218,793	+2.0%

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

Employees

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

$288,003

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristi Plain	Board President	5.00	Officer Director	$0	$0	$0
Rodenna Miggins	Board Vice President	2.00	Officer Director	$0	$0	$0
Willie Smith	Board Treasurer	2.00	Officer Director	$0	$0	$0
Kevin Edwards	Board Secretary	2.00	Officer Director	$0	$0	$0
Jeffery Bryngelson	Board Member	1.00	Director	$0	$0	$0
David Graham	Board Member	1.00	Director	$0	$0	$0
Alfred Jordan	Board Member	1.00	Director	$0	$0	$0
DeAndre Lipscomb Sr	Board Member	1.00	Director	$0	$0	$0
Deborah Peay Wilson	Board Member	1.00	Director	$0	$0	$0
Crystal Smith	Board Member	1.00	Director	$0	$0	$0
Dave Superczynski	Board Member	1.00	Director	$0	$0	$0
TeJuan Yelder	Board Member	1.00	Director	$0	$0	$0
Cristina Zatek	Board Member	1.00	Director	$0	$0	$0
Verna Green Ended	Board Member	1.00	Director	$0	$0	$0
Bruce Henderson Ended	Board Member	1.00	Director	$0	$0	$0
Rhonda Jordan-Phillips Ended	Board Member	1.00	Director	$0	$0	$0
Edward Liversidge Ended	Board Member	1.00	Director	$0	$0	$0
Kenneth Rice Ended	Board Member	1.00	Director	$0	$0	$0
Melissa Jenovai	President/CEO	40.00	Officer	$150,800	$31,170	$181,970
Doretha Morgan	VP of Finance	40.00	Officer	$87,870	$18,163	$106,033
Kris Henneman	VP of Institute	40.00	Highest	$129,974	$26,865	$156,839
Melinda Lis	VP of Academy	40.00	Highest	$126,590	$26,166	$152,756
Kristina Vaseau	VP of Child Family Services	40.00	Highest	$110,968	$22,937	$133,905

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	$14,683,661	$14,019,376	$11,623,868	$664,285
2023	$11,272,856	$11,054,063	$8,617,400	$218,793
2022	$10,216,119	$9,533,810	$7,623,371	$682,309
2021	$7,454,242	$7,279,103	$7,671,227	$175,139
2020	$7,308,989	$7,530,290	$7,425,127	$-221,301
2019	$11,145,018	$10,898,277	$8,029,108	$246,741
2018	$10,664,777	$10,195,299	$6,940,759	$469,478

Spaulding for Children