THE SPARK INSTITUTE INC (EIN 453940350) - 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

TIMOTHY ROUSE

Phone

8606585058

Tax Period

2024-01-01 to 2024-12-31

THE SPARK INSTITUTE INC, founded in 2011, is a community nonprofit in the Mutual Benefit sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

THE SPARK INSTITUTE, INC. ("SPARK") HELPS TO SHAPE NATIONAL RETIREMENT POLICY BY PROVIDING RESEARCH, EDUCATION, TESTIMONY AND COMMENTS ON PENDING LEGISLATIVE AND REGULATORY ISSUES TO MEMBERS OF CONGRESS AND RELEVANT GOVERNMENT AGENCY OFFICIALS. WE HELP SHAPE NATIONAL RETIREMENT POLICY BY DEVELOPING AND ADVANCING POSITIONS ON CRITICAL ISSUES THAT AFFECT PLAN SPONSORS, PARTICIPANTS, SERVICE PROVIDERS, AND INVESTMENT PROVIDERS. OUR MEMBERS INCLUDE RECORD KEEPERS, MUTUAL FUND COMPANIES, BROKERAGE FIRMS, INSURANCE COMPANIES, BANKS, CONSULTANTS, TRADE CLEARING FIRMS AND INVESTMENT MANAGERS. OUR MEMBERS PLAY A KEY ROLE IN IDENTIFYING OUR PRIORITIES AND IN DEVELOPING THE POSITIONS WE TAKE ON CRITICAL ISSUES. COLLECTIVELY, OUR MEMBERSHIP SERVICES APPROXIMATELY 100 MILLION EMPLOYER- SPONSORED PARTICIPANTS.

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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 $0

Program Service Revenue $2,198,342

Investment Income $48,823

Other Revenue $0

TOTAL REVENUE $2,247,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $821,110

Fundraising Expenses $0

Program Expenses $1,854,714

Other Expenses $1,379,619

TOTAL EXPENSES $2,200,729

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,247,165	$1,863,776	+0.2%
Expenses	$2,200,729	$2,168,346	+0.0%
Net Income	$46,436	$-304,570	-1.2%

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

$745,984

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY ROUSE	EXECUTIVE DI	40.00	Officer	$539,984	$0	$539,984
MARLENE D JUNG	COO AND CFO	40.00	Officer	$206,000	$0	$206,000
CRAIG BELLAROSA	DIRECTOR	0.25	Director	$0	$0	$0
RICK IRACE	DIRECTOR	0.25	Director	$0	$0	$0
JOHN MCCARTHY	DIRECTOR	0.25	Director	$0	$0	$0
BRANT WONG	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM BYERLY	DIRECTOR	0.25	Director	$0	$0	$0
JUDY NELSON	DIRECTOR	0.25	Director	$0	$0	$0
MATT CONDOS	DIRECTOR	0.25	Director	$0	$0	$0
RICH MAGNER	DIRECTOR	0.25	Director	$0	$0	$0
NATE MILES	DIRECTOR	0.25	Director	$0	$0	$0
FRANCISCO NEGRON	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL MILLER	TREASURER	0.25	Officer Director	$0	$0	$0
TODD MCGRATH	VICE CHAIRMA	0.25	Officer Director	$0	$0	$0
JOSEPH SMOLEN	CHAIRMAN	0.25	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	$2,247,165	$2,200,729	$2,730,264	$46,436
2023	$1,863,776	$2,168,346	$2,624,583	$-304,570
2022	$1,837,476	$2,094,808	$3,027,771	$-257,332
2021	$1,638,817	$1,895,326	$3,290,502	$-256,509
2020	$1,269,602	$1,716,501	$3,536,274	$-446,899
2019	$1,999,025	$2,208,920	$3,913,120	$-209,895
2018	$2,259,682	$1,865,006	$4,062,767	$394,676

THE SPARK INSTITUTE INC