SPARROW FOUNDATION (EIN 386100687) - 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

1960

Legal Domicile

Principal Officer

MARGARET DIMOND PHD

Phone

5173643620

Tax Period

2024-07-01 to 2025-06-30

SPARROW FOUNDATION, founded in 1960, is a community nonprofit in the Health Care sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 37% operating margin.

Mission

THE MISSION OF THE FOUNDATION IS TO OPERATE FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF THE NONPROFIT AND TAX-EXEMPT SUBSIDIARIES OF UMH- SPARROW HEALTH SYSTEM, A MICHIGAN NONPROFIT CORPORATION ("SOLE MEMBER"), AND ITS MISSION TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITY BY PROVIDING QUALITY, COMPASSIONATE CARE TO EVERYONE, EVERY TIME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,693,310

Program Service Revenue $0

Investment Income $2,226,840

Other Revenue $-336,617

TOTAL REVENUE $7,583,533

Expense Breakdown

Grants Paid $2,419,629

Salaries & Benefits $1,433,664

Fundraising Expenses $48,430

Program Expenses $2,419,629

Other Expenses $936,885

TOTAL EXPENSES $4,790,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,583,533	$5,120,345	+0.5%
Expenses	$4,790,178	$5,571,515	-0.1%
Net Income	$2,793,355	$-451,170	-7.2%

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

$2,459,801

Total Directors

$3,677,047

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET DIMOND PHD	REGIONAL PRE	1.00	Officer Director	$0	$94,544	$1,464,110
JAMES DOVER	FORMR PRES/C	1.00		$0	$35,605	$1,087,440
JOSEPH KOCHAN	BOARD MEMBER	2.00	Director	$0	$78,043	$793,950
KIMBERLY FRIAR	BOARD MEMBER	2.00	Director	$0	$72,292	$737,231
JOSEPH RUTH	FORMER BOARD	1.00		$0	$17,732	$519,724
PAULA REICHLE	FORMER SRVP/	1.00		$0	$27,205	$499,713
THOMAS BRES	FORMER SRVP/	1.00		$0	$26,708	$464,959
MATTHEW NOBIS	TREASURER	2.00	Officer	$0	$64,914	$438,654
MICHELLE REYNAERT	FRMR VP SPRR	40.00	Officer Director	$282,663	$45,307	$327,970
WILLIAM HOWE	FORMER VP FI	1.00	Officer Director	$0	$43,011	$225,947
JOHN SHASKI	DIR COMM REL	10.00	Highest	$167,027	$31,238	$198,265
JOY WISEMAN	MAJOR GIFTS	40.00	Highest	$112,195	$37,566	$149,761
VERONICA KLEM	BOARD MEMBER	40.00	Director	$86,978	$33,711	$120,689
RUSSELL DAWSON	BOARD MEMBER	2.00	Director	$1,560	$0	$1,560
MONIQUE FIELD-FOSTER	BOARD MEMBER	2.00	Director	$1,560	$0	$1,560
TAYO MOSS	BOARD MEMBER	2.00	Officer Director	$1,560	$0	$1,560
DEBBIE PETERSMARK	BOARD MMBR/S	2.00	Officer Director	$1,560	$0	$1,560
DON SIMON	BOARD MEMBER	2.00	Director	$910	$0	$910
DEBORAH ALLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISSIE BROGAN	BOARD MEMBER	2.00	Director	$0	$0	$0
KRIS BURAK	BOARD MEMBER	2.00	Director	$0	$0	$0
COLIN CRONIN	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICK DEAN	BOARD MEMBER	2.00	Director	$0	$0	$0
PRICE DOBERNICK	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE GELLER	MANAGING DIR	40.00	Officer Director	$0	$0	$0
MELISSA HERBERT	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM HOFMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DUSTIN HOWARD	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID KAUFMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
WANDA LIPSCOMB	BOARD MEMBER	2.00	Director	$0	$0	$0
WAYNE LYNN	BOARD MEMBER	2.00	Director	$0	$0	$0
DARCI MARCUM	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY PIERCE	BOARD MEMBER	2.00	Director	$0	$0	$0
TONY ROBINSON	BOARD MEM/CH	2.00	Officer Director	$0	$0	$0
SUSAN SALISBURY	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY SCOBY	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE WILLIAMS	BOARD MEMBER	2.00	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
2025	$7,583,533	$4,790,178	$40,698,355	$2,793,355
2024	$5,120,345	$5,571,515	$37,957,853	$-451,170
2023	$3,070,449	$1,703,770	$36,271,217	$1,366,679
2022	$14,030,550	$4,496,179	$36,896,673	$9,534,371
2021	$7,751,480	$3,793,246	$31,611,977	$3,958,234
2020	$4,844,519	$3,420,087	$22,549,353	$1,424,432
2019	$4,570,149	$3,947,302	$20,512,072	$622,847
2018	$5,240,318	$5,256,069	$17,808,783	$-15,751

SPARROW FOUNDATION