ANN ARBOR SPARK (EIN 382436899) - 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

1984

Legal Domicile

Principal Officer

PAUL KRUTKO

Phone

7347619317

Tax Period

2023-01-01 to 2023-12-31

ANN ARBOR SPARK, founded in 1984, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $9.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

ANN ARBOR SPARK ADVANCES THE REGION BY ENCOURAGING AND SUPPORTING BUSINESS ACCELERATION, ATTRACTION, EXPANSION AND RETENTION. OUR ORGANIZATION IDENTIFIES AND MEETS THE NEEDS OF COMPANIES AT EVERY STAGE, FROM START-UPS TO LARGE ORGANIZATIONS. ANN ARBOR SPARK COLLABORATES WITH BUSINESS, ACADEMIC, GOVERNMENT AND COMMUNITY INVESTMENT PARTNERS TO POSITION THE REGION AS A DESTINATION FOR INNOVATION.

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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 $7,995,576

Program Service Revenue $620,544

Investment Income $-164,860

Other Revenue $0

TOTAL REVENUE $8,451,260

Expense Breakdown

Grants Paid $240,000

Salaries & Benefits $3,669,487

Fundraising Expenses $0

Other Expenses $5,580,867

TOTAL EXPENSES $9,490,354

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,451,260	$9,443,903	-0.1%
Expenses	$9,490,354	$10,507,768	-0.1%
Net Income	$-1,039,094	$-1,063,865	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

Employees

206

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

$428,836

Total Directors

$428,836

Key Employees

$194,401

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RUUD	CHAIR	1.00	Officer Director	$0	$0	$0
KELLY SEXTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID SNODGRASS	TREASURER	1.00	Officer Director	$0	$0	$0
TIFFANY FORD	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID PARSIGIAN	PAST CHAIR	1.00	Officer Director	$0	$0	$0
DR ROSE BELLANCA	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY DILL	BOARD MEMBER	1.00	Director	$0	$0	$0
MILTON DOHONEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PATTI GLAZA	BOARD MEMBER	1.00	Director	$0	$0	$0
LEIGH RGREDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MANDY GREWAL PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF HAUPTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN HODGE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS KOLB	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LEPAGE MD MBA	BOARD MEMBER	1.00	Director	$0	$0	$0
LON LOWEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCY MARSHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY G MARSHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MCLAUGHLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
VENKAT DV RAO	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL RONEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS SING	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENDA STUMBO	BOARD MEMBER	1.00	Director	$0	$0	$0
SIMON WHITELOCKE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WILHOIT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WOMACK	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
MARA M FARMER ENDED	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM PETERSEN ENDED	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINA YORK ENDED	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHAN BURD ENDED	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL KRUTKO	PRESIDENT/CE	39.00	Officer Director	$393,297	$35,539	$428,836
PHIL SANTER	VP OF BUS. D	40.00	Key Emp	$187,519	$6,882	$194,401
WILLIAM MAYER	VP OF ENTREP	40.00	Highest	$158,855	$20,713	$179,568
MICHAEL FLANAGAN	VP OF CAPITA	40.00	Highest	$153,000	$7,046	$160,046
JENN HAYMAN	VP OF MARKET	40.00	Highest	$127,707	$25,489	$153,196
MARGARITA HERNANDEZ	DIR OF ENTRE	40.00	Highest	$108,047	$13,657	$121,704
MARCIA GEBAROWSKI	DIR. OF BUS,	40.00	Highest	$103,802	$16,180	$119,982
TOM CRAWFORD	CFO	39.75	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
2024	No data	No data	No data	No data
2023	$8,451,260	$9,490,354	$13,599,567	$-1,039,094
2022	$9,443,903	$10,507,768	$16,558,054	$-1,063,865
2021	$11,784,140	$13,583,079	$15,665,812	$-1,798,939
2020	$20,798,132	$18,797,874	$16,521,548	$2,000,258
2019	$7,136,038	$7,987,774	$13,747,838	$-851,736
2018	$5,891,018	$6,517,754	$13,710,766	$-626,736

ANN ARBOR SPARK