Spirit In Action Inc

EIN: 383655028 501(c)(3)

Asheville, NC

Total Revenue
$2,330
Total Expenses
$369,147
Total Assets
N/A
Net Assets
N/A
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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
2003
Legal Domicile
MA
Principal Officer
Linda Stout
Tax Period
2023-01-01 to 2023-12-31

Spirit In Action Inc, founded in 2003, is a micro nonprofit that reported $2K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $369K exceeded revenue, resulting in a 15743% operating deficit.

Mission

The mission of Spirit In Action was to create a positive future grounded in the values of equality, peace and justice for all. We developed effective leaders, support organization sustainability, built cohesive networks and catalize transformative social change.

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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 $58
Program Service Revenue $0
Investment Income $2,272
Other Revenue $0
TOTAL REVENUE $2,330

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $261,239
Fundraising Expenses $48,647
Program Expenses $264,500
Other Expenses $87,908
TOTAL EXPENSES $369,147

Year-over-Year Comparison

2023 2022 Change
Revenue $2,330 $136,140 -1.0%
Expenses $369,147 $314,363 +0.2%
Net Income $-366,817 $-178,223 +1.1%
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
4
Independent Members
3
Employees
2
Volunteers
4

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tom Louie Director 1.00
Director
$0 $0 $0
Bethsaida Ruiz Director 1.00
Director
$0 $0 $0
Cheri Honeycutt ClerkTreasurer 2.00
Officer Director
$0 $0 $0
Linda Stout President 50.00
Officer Director
$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 $2,330 $369,147 No data $-366,817
2022 $136,140 $314,363 $378,473 $-178,223
2021 $313,445 $284,683 $545,564 $28,762
2020 $245,851 $260,153 $516,655 $-14,302
2019 $315,275 $426,691 $548,018 $-111,416
2018 $597,635 $607,626 $633,377 $-9,991
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