SPARK MICROGRANTS INC

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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

ALEXANDRA FISHER

Phone

8608056478

Tax Period

2023-01-01 to 2023-12-31

SPARK MICROGRANTS INC, founded in 2011, is a mid-sized nonprofit in the International Affairs sector that reported $10.3M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.6M, a strong 25% operating margin.

Mission

SPARK MICROGRANTS EMPOWERS COMMUNITIES TO WORK TOGETHER TO CREATE A WORLD WHERE EVERYONE LIVES WITH DIGNITY AND DETERMINES THEIR OWN POSITIVE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $5,975,696

SPARK BELIEVES IN THE COLLECTIVE POWER OF PEOPLE. YET TOO OFTEN, COMMUNITIES FACING POVERTY ARE SIDELINED BY THE VERY PROGRAMS MEANT TO UPLIFT THEM. SPARK UPDATES THE DEVELOPMENT MODEL, FROM...

SPARK BELIEVES IN THE COLLECTIVE POWER OF PEOPLE. YET TOO OFTEN, COMMUNITIES FACING POVERTY ARE SIDELINED BY THE VERY PROGRAMS MEANT TO UPLIFT THEM. SPARK UPDATES THE DEVELOPMENT MODEL, FROM PRESCRIPTIVE TO COMMUNITY-LED, SO THAT EVERY VILLAGE CAN DEFINE THEIR OWN FUTURE. SPARK'S KEY INNOVATION THE FACILITATED COLLECTIVE ACTION PROCESS, OR FCAP PAIRS A VILLAGE PLANNING PROCESS WITH A SEED GRANT TO FACILITATE COOPERATIVE SOLUTIONS TO POVERTY. RESEARCH SHOWS THAT THE FCAP RESULTS IN FAMILIES DOUBLING THE MEALS THEY EAT AND A SEVENFOLD INCREASE IN WOMEN ENGAGING IN LEADERSHIP ROLES. MORE THAN 80 PERCENT OF COMMUNITIES CREATE INCLUSIVE VILLAGE COUNCILS THAT LAST. SINCE 2010, SPARK HAS REACHED MORE THAN 500,000 PEOPLE IN EIGHT COUNTRIES, INCLUDING THROUGH ITS FLAGSHIP PROGRAM WITH THE GOVERNMENT OF RWANDA. OVER THE NEXT THREE YEARS, SPARK WILL ACCELERATE ITS IMPACT BY SCALING THE NATIONAL PROGRAM IN RWANDA AND EXPANDING TO TWO NEW COUNTRIES, PRODUCING NEW RESEARCH ON COMMUNITY-LED DEVELOPMENT, AND CURATING A GLOBAL COMMUNITY OF PRACTICE. TODAY, SPARK TRAINS PARTNER ORGANIZATIONS AND WORKS WITH GOVERNMENTS TO SCALE THE FCAP AS THE SYSTEM OF CHOICE TO ADVANCE SOCIAL AND ECONOMIC DEVELOPMENT, IMPROVE LIVES, AND SECURE LASTING CHANGE. SPARK HAS OFFICES IN KIGALI, KAMPALA, AND NEW YORK AND OPERATES IN SIX COUNTRIES IN EAST AND WEST AFRICA.

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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 $10,183,963

Program Service Revenue $0

Investment Income $153,044

Other Revenue $-47

TOTAL REVENUE $10,336,960

Expense Breakdown

Grants Paid $1,935,293

Salaries & Benefits $2,457,419

Fundraising Expenses $584,106

Program Expenses $5,975,696

Other Expenses $3,293,527

TOTAL EXPENSES $7,702,239

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,336,960	$13,702,703	-0.2%
Expenses	$7,702,239	$5,299,715	+0.5%
Net Income	$2,634,721	$8,402,988	-0.7%

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

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

$199,002

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDRA FISHER	EXECUTIVE DIRECTOR AND CO-FOUNDER	50.00	Officer	$187,265	$11,737	$199,002
KATHERINE REYNOLDS DIRECTOR	OF LEARNING & SECTOR BUILDING	40.00	Highest	$125,307	$11,737	$137,044
MICHELLE LEE	DEVELOPMENT DIRECTOR	40.00	Highest	$119,697	$0	$119,697
LISA JACKSON	CHAIR - UNTIL 06/2023	2.00	Officer Director	$0	$0	$0
SAM BONSEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JONATHAN JACKSON	FINANCIAL CHAIR	2.00	Officer Director	$0	$0	$0
STACEY FAELLA	BOARD CO-CHAIR	2.00	Director	$0	$0	$0
ANGELA RUGAMBWA	BOARD CO-CHAIR	2.00	Director	$0	$0	$0
KARA WEISS	GOVERNANCE CHAIR	2.00	Director	$0	$0	$0
AMOL JAIN	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
2024	No data	No data	No data	No data
2023	$10,336,960	$7,702,239	$19,394,935	$2,634,721
2022	$13,702,703	$5,299,715	$15,642,763	$8,402,988
2021	$5,942,575	$2,689,322	$6,622,592	$3,253,253
2020	$3,582,699	$2,242,966	$3,554,899	$1,339,733
2019	$2,437,368	$2,160,383	$2,127,339	$276,985
2018	$1,077,055	$1,657,398	$1,717,917	$-580,343