SOUTHERN POLYTECHNIC APPLIED RESEARCH CORPORATION (EIN 452222487) - 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

2011

Legal Domicile

Principal Officer

PHAEDRA CORSO

Phone

6789153156

Tax Period

2018-07-01 to 2019-06-30

Mission

FOR COMPLETE DESCRIPTION.SOUTHERN POLYTECHNIC APPLIED RESEARCH CORPORATION ("SPARC") IS ORGANIZED TO FULFILL BROAD SCIENTIFIC, LITERARY, EDUCATIONAL, AND CHARITABLE PURPOSES AND OPERATES TO ENHANCE THE MISSION OF KSU OF TEACHING, APPLIED RESEARCH, AND PUBLIC SERVICE. SPARC CONTRIBUTES TO THE APPLIED RESEARCH FUNCTION OF KSU BY SECURING RESEARCH CONTRACTS, GRANTS, AND AWARDS FROM INDIVIDUALS, INSTITUTIONS, PRIVATE ORGANIZATIONS, AND GOVERNMENT AGENCIES FOR THE PERFORMANCE OF APPLIED RESEARCH. SPARC ADMINISTERS GRANTS AND CONTRACTS TO ASSURE COMPLIANCE WITH KSU, STATE, AND FEDERAL REQUIREMENTS AS WELL AS THE TERMS OF THE SPECIFIC GRANT OR CONTRACT. SPARC ALSO IDENTIFIES, PROTECTS AND MANAGES INTELLECTUAL PROPERTY FOR KSU THAT MAY ARISE AS A RESULT OF WORK DONE UNDER GRANTS OR CONTRACTS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $9,963

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,963

Other Expenses $880

TOTAL EXPENSES $10,843

Year-over-Year Comparison

	2018	2017	Change
Revenue	N/A	$1,815	-1.0%
Expenses	$10,843	$1,495	+6.3%
Net Income	N/A	$320	N/A

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

N/A

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

Total Directors

$361,406

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON KOGER	DIRECTOR	1.00	Director	$0	$0	$189,108
RICH COLE	DIRECTOR	1.00	Director	$0	$0	$172,298
RUSS HUNT	DIRECTOR	1.00	Director	$0	$0	$0
RON DEMPSEY	DIRECTOR	1.00	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
2019	No data	$10,843	$15,970	No data
2018	$1,815	$1,495	$185,584	$320

SOUTHERN POLYTECHNIC APPLIED RESEARCH CORPORATION