SPRING INITIATIVE INC (EIN 452243846) - 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

MARY THOMPSON

Tax Period

2023-08-01 to 2024-07-31

SPRING INITIATIVE INC, founded in 2011, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023.

Mission

SPRING EMPOWERS YOUTH TO DISCOVER AND UNLEASH THEIR POTENTIAL THROUGH A HOLISTIC PERSONAL AND EDUCATION APPROACH BY PROMOTING EMOTIONAL WELL-BEING, ACADEMIC GROWTH AND EXCELLENCE, COMMUNITY ENGAGEMENT AND GLOBAL EXPOSURE, SOCIAL CONNECTEDNESS, PHYSICAL HEALTH AND CREATIVE EXPRESSION. SPRING FUNCTIONS AS A DAILY AFTER-SCHOOL PROGRAM THAT PROVIDES ACADEMIC INSTRUCTION, ENRICHMENT AND SUPPORT IN A FRAMEWORK OF STABLE AND TRUSTING RELATIONSHIPS WITH PEERS AND ADULTS. SPRING CREATES OPPORTUNITIES FOR ITS STUDENTS TO IDENTIFY POSITIVE, POSSIBLE FUTURE SELVES BY BUILDING THE ACADEMIC SKILLS AND CONFIDENCE NECESSARY AND ENCOURAGING ITS STUDENTS TO ENGAGE WITH OTHERS AND THEMSELVES IN A KIND AND PROACTIVE WAY. SPRING BELIEVES THAT BY EXPOSING ITS STUDENTS TO NEW PLACES, INDIVIDUALS, IDEAS, AND APPROACHES, THE KIDS WILL BE EMPOWERED TO DREAM BIG. SPRING STUDENTS OVERCOME OBSTACLES IN A SUPPORTIVE ENVIRONMENT AS THEY DEVELOP GOALS AND A VISION FOR THEIR LIVES.

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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 $1,410,564

Program Service Revenue $0

Investment Income $0

Other Revenue $19,299

TOTAL REVENUE $1,429,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $805,568

Fundraising Expenses $0

Program Expenses $841,868

Other Expenses $652,673

TOTAL EXPENSES $1,458,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,429,863	$1,468,640	0.0%
Expenses	$1,458,241	$1,428,202	+0.0%
Net Income	$-28,378	$40,438	-1.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANELLE FRAZIER	BOARD MEMBER	N/A	Director	$0	$0	$0
AMANDA JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
STEVE JOSSELL	BOARD MEMBER	N/A	Director	$0	$0	$0
BARBARA LINDER	DIRECTOR	N/A	Director	$0	$0	$0
DONNA MERKEL	DIRECTOR	N/A	Director	$0	$0	$0
ANTHONY PHILLIPP	BOARD MEMBER	N/A	Director	$0	$0	$0
MARY THOMPSON	BOARD CHAIR	N/A	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
2024	$1,429,863	$1,458,241	$713,415	$-28,378
2023	$1,468,640	$1,428,202	$745,682	$40,438
2022	$1,036,107	$1,180,586	$713,536	$-144,479
2022	$1,036,107	$1,180,586	$713,536	$-144,479
2021	$995,248	$924,008	$854,736	$71,240
2021	$995,248	$910,849	$854,736	$84,399
2020	$1,333,861	$763,284	$763,127	$570,577

SPRING INITIATIVE INC