ANN ARBOR SPARK FOUNDATION (EIN 383416745) - 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

1998

Legal Domicile

Principal Officer

PAUL KRUTKO

Phone

7347619317

Tax Period

2023-01-01 to 2023-12-31

ANN ARBOR SPARK FOUNDATION, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $205K in total revenue in fiscal year 2023.

Mission

THE ANN ARBOR SPARK FOUNDATION PROVIDES FUNDING AND SUPPORT FOR THE ACTIVITIES OF ANN ARBOR SPARK, A NOT FOR PROFIT 501(C)6 CORPORATION WHICH ADVANCES ECONOMIC DEVELOPMENT IN THE REGION BY ENCOURAGING AND SUPPORTING BUSINESS ACCELERATION, ATTRACTION, EXPANSION AND RETENTION.

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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 $202,000

Program Service Revenue $0

Investment Income $2,858

Other Revenue $0

TOTAL REVENUE $204,858

Expense Breakdown

Grants Paid $136,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $219,916

Other Expenses $83,916

TOTAL EXPENSES $219,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,858	$206,714	0.0%
Expenses	$219,916	$275,209	-0.2%
Net Income	$-15,058	$-68,495	-0.8%

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

$428,836

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RUUD	CHAIR	0.25	Officer Director	$0	$0	$0
KELLY SEXTON	VICE CHAIR	0.25	Officer Director	$0	$0	$0
DAVID SNODGRASS	TREASURER	0.25	Officer Director	$0	$0	$0
TIFFANY FORD	SECRETARY	0.25	Officer Director	$0	$0	$0
DAVID PARSIGIAN	PAST CHAIR	0.25	Officer Director	$0	$0	$0
TOM CRAWFORD	CFO	0.25	Officer	$0	$0	$0
PAUL KRUTKO	PRESIDENT/CE	1.00	Officer	$0	$35,539	$428,836

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	$204,858	$219,916	$85,905	$-15,058
2022	$206,714	$275,209	$166,236	$-68,495
2021	$250,150	$246,367	$200,706	$3,783
2020	$1,613,230	$1,643,671	$139,187	$-30,441
2019	$307,500	$421,589	$183,509	$-114,089
2018	$352,000	$516,558	$364,931	$-164,558

ANN ARBOR SPARK FOUNDATION