SPRINGBOARD TO SUCCESS

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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

FRED RENDFREY

Phone

2514418044

Tax Period

2023-01-01 to 2023-12-31

SPRINGBOARD TO SUCCESS, founded in 2011, is a small nonprofit in the Human Services sector that reported $217K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $202K left a modest 7% surplus.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO ENCOURAGE ECONOMIC DEVELOPMENT AND JOB CREATION IN THE FURTHERANCE OF COMMUNITY REVITALIZATION AND THE CURBING OF COMMUNITY DETERIORATION. THE CORPORATION IS ORGANIZED TO PROVIDE INCUBATOR SETTINGS IN MARKETPLACES THAT ARE BLIGHTED OR UNDERSERVED BY RETAIL STORES. THIS IS DONE IN AN EFFORT TO STRENGTHEN THE RETAIL SECTOR BY ATTRACTING NEW BUSINESSES WHILE STRENGTHENING EXISTING BUSINESSES, THEREBY INCREASING THE AVAILABILITY OF MUCH-NEEDED GOODS AND SERVICES, AND AN EXPANSION OF LOCAL EMPLOYMENT. IN ADDITION, THE CORPORATION WILL PROVIDE, WITHIN THE INCUBATOR SETTING, AN EDUCATIONAL AND SUPPORTIVE ENVIRONMENT FOR START-UP AND EXPANDING, EARLY- STAGE, INDEPENDENTLY-OWNED BUSINESSES IN SUCH BLIGHTED OR UNDERSERVED COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $199,116 Revenue: $212,024

THE ORGANIZATION AIDS IN ECONOMIC DEVELOPMENT BY PROVIDING AN EDUCATIONAL AND SUPPORTIVE ENVIRONMENT FOR START-UP AND EXPANDING, EARLY-STAGE, INDEPENDENT BUSINESSES. THE ORGANIZATION HELPS TRANSFORM THE RETAIL LANDSCAPE IN MOBILE, ALABAMA'S URBAN CORE. THE RETAIL INCUBATOR GIVES RETAILERS THE ABILITY TO UNDERSTAND THE DOWNTOWN SHOP OWNER'S EXPERIENCE WHILE ENJOYING PROFESSIONAL SUPPORT AND GUIDANCE. THE INCUBATOR OFFERS THE MEMBERS THE ADVANTAGE OF LEARNING-BY-DOING WHILE EQUIPPING TENANTS WITH THE SKILLS AND KNOWLEDGE TO BE INDEPENDENTLY SUCCESSFUL. SPRINGBOARD TO SUCCESS PROVIDES FULL-TIME STAFFING, POINT OF SALE SYSTEM REPORTING, TELEPHONE, HIGH-SPEED INTERNET ACCESS, MARKETING, AND PROMOTION ASSISTANCE, CONSULTATION BY EXPERIENCED RETAILERS, AS WELL AS ONGOING, ON-SITE MANAGEMENT OF THE TENANTS. THE RETAIL INCUBATOR IS LOCATED WITHIN THE CENTRAL BUSINESS DISTRICT WHERE THE ENTREPRENEURS ARE TRAINED TO CAPITALIZE ON DAYTIME EMPLOYMENT SPENDING AS WELL AS SPECIAL EVENT OPPORTUNITIES UNIQUE TO AN URBAN LOCATION.

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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 $5,232

Program Service Revenue $212,024

Investment Income $1

Other Revenue $0

TOTAL REVENUE $217,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,532

Fundraising Expenses $0

Program Expenses $199,116

Other Expenses $110,421

TOTAL EXPENSES $201,953

Year-over-Year Comparison

	2023	2022	Change
Revenue	$217,257	$200,396	+0.1%
Expenses	$201,953	$180,283	+0.1%
Net Income	$15,304	$20,113	-0.2%

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

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
FRED RENDFREY	INTERIM CEO	0.25	Officer	$0	$0	$0
BOBBI SUE THOMAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
TARA ZIEMAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARY KENDALL BUTLER	VP OF OPERAT	1.00	Officer Director	$0	$0	$0
TODD MARTIN	TREASURER	1.00	Officer Director	$0	$0	$0
MALCOLM JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
TODD GREER	DIRECTOR	0.25	Director	$0	$0	$0
MARGARET SCHATZMAN	DIRECTOR	0.25	Director	$0	$0	$0
JARRETT MCGRAW	DIRECTOR	0.25	Director	$0	$0	$0
MARILUZ HILBUN	DIRECTOR	0.25	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	$217,257	$201,953	$141,670	$15,304
2022	$200,396	$180,283	$131,838	$20,113