SPARK DEVELOPMENT NETWORK INC (EIN 453936247) - 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

JONATHAN EDMISTON

Phone

6237773377

Tax Period

2024-01-01 to 2024-12-31

SPARK DEVELOPMENT NETWORK INC, founded in 2011, is a community nonprofit in the Education sector that reported $6.9M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 36% operating margin.

Mission

OPEN SOFTWARE FOR CHURCHES: WE ARE DEDICATED TO QUALITY SOFTWARE THAT IS (SEE SCHEDULE O) INNOVATIVE, OPEN AND FREE TO ALL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,687,287

Program Service Revenue $813,839

Investment Income $15,289

Other Revenue $1,338,936

TOTAL REVENUE $6,855,351

Expense Breakdown

Grants Paid $650

Salaries & Benefits $237,165

Fundraising Expenses $63,618

Program Expenses $4,056,129

Other Expenses $4,129,332

TOTAL EXPENSES $4,367,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,855,351	$5,519,311	+0.2%
Expenses	$4,367,147	$4,575,636	0.0%
Net Income	$2,488,204	$943,675	+1.6%

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

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

$220,311

Total Directors

$220,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN EDMISTON	PRESIDENT	30.00	Officer Director	$90,104	$0	$90,104
NICHOLAS AIRDO	SECRETARY	30.00	Officer Director	$80,092	$0	$80,092
EMILY FORMAN	VICE PRESIDENT	20.00	Officer Director	$50,115	$0	$50,115
JEREMY HOFF	DIRECTOR	0.30	Director	$0	$0	$0
JON PITZAFERRO	DIRECTOR	0.30	Director	$0	$0	$0
ROBERT WILD	DIRECTOR UNTIL 2-2024	0.30	Director	$0	$0	$0
BRONSON WHITTING	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL MULLIKIN	DIRECTOR	0.30	Director	$0	$0	$0
JUSTIN WESTRICH	DIRECTOR	0.30	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	$6,855,351	$4,367,147	$5,420,449	$2,488,204
2023	$5,519,311	$4,575,636	$2,870,055	$943,675
2022	$5,535,451	$5,510,903	$1,840,124	$24,548
2021	$3,393,339	$2,895,955	$1,813,326	$497,384
2020	$2,133,044	$2,308,838	$1,310,457	$-175,794
2019	$2,229,591	$1,630,129	$1,486,344	$599,462
2018	$1,489,089	$1,180,002	$889,388	$309,087

SPARK DEVELOPMENT NETWORK INC