IMAGINE A PHILANTHROPIC ORGANIZATION

EIN: 411844353 501(c)(3) Recreation & Sports

ST PAUL, MN

Total Revenue
$17,731
Total Expenses
$18,630
Total Assets
$18,833
Net Assets
$18,833
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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
1986
Legal Domicile
MN
Principal Officer
SCOTT SPAETH
Phone
6512917430
Tax Period
2023-01-01 to 2023-12-31

IMAGINE A PHILANTHROPIC ORGANIZATION, founded in 1986, is a micro nonprofit in the Recreation & Sports sector that reported $18K in total revenue in fiscal year 2023. Revenue surged 101% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE AND PROMOTE SAILING EDUCATIONAL PROGRAMS AND AMATEUR SAILING BY VARIOUS FORMS OF TRAINING AND HOSTING OF RACES.

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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 $17,520
Program Service Revenue $0
Investment Income $12
Other Revenue $199
TOTAL REVENUE $17,731

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,042
Other Expenses $18,630
TOTAL EXPENSES $18,630

Year-over-Year Comparison

2023 2022 Change
Revenue $17,731 $8,801 +1.0%
Expenses $18,630 $8,682 +1.1%
Net Income $-899 $119 -8.6%
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
3
Independent Members
3
Employees
N/A
Volunteers
10

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
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK GROSS Director 1.00
Director
$0 $0 $0
SCOTT SPAETH President 1.00
Officer
$0 $0 $0
DAVID CHURCHES Sec/TREASURER 1.00
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
2023 $17,731 $18,630 $18,833 $-899
2022 $8,801 $8,682 $19,732 $119
2021 $7,245 $6,440 $19,613 $805
2020 No data No data No data No data
2020 $9,001 $8,408 $18,808 $593
2019 $10,065 $9,522 $18,215 $543
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