SPARTA AREA RECREATION ASSOCIATION

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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

2012

Legal Domicile

Principal Officer

TIM DRISCOLL

Phone

6168877570

Tax Period

2018-01-01 to 2018-12-31

SPARTA AREA RECREATION ASSOCIATION, founded in 2012, is a small nonprofit that reported $122K in total revenue in fiscal year 2018. Revenue decreased 15% compared to the prior year. Expenses of $163K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO PROVIDE THE CITIZENS OF SPARTA AND NEIGHBORING COMMUNITIES A RECREATION COMPLEX WERE WE CAN DEVELOP SKILLS, SHARE EXPERIENCES AND GROW. WE PROMOTE CHARACTER DEVELOPMENT AND LIFE ENHANCING VALUES THRU COMMUNITY BASED ACTIVITIES AND HEALTH RECREATION.

Program Service Accomplishments

Program 1

Expenses: $161,875

COSTS TO CONSTRUCT RECREATIONAL COMPLEX OF THE SPARTA RECREATION AUTHORITY

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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 (2018)

Revenue Breakdown

Contributions & Grants $122,425

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $122,425

Expense Breakdown

Grants Paid $161,875

Salaries & Benefits $0

Fundraising Expenses $440

Program Expenses $161,875

Other Expenses $779

TOTAL EXPENSES $162,654

Year-over-Year Comparison

	2018	2017	Change
Revenue	$122,425	$143,291	-0.1%
Expenses	$162,654	$102,481	+0.6%
Net Income	$-40,229	$40,810	-2.0%

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

N/A

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
GREG PEAK	CO-CHAIRMAN	15.00	Director	$0	$0	$0
TIM GORDON	TRUSTEE	15.00	Director	$0	$0	$0
LENNIE BROWN	TRUSTEE	15.00	Director	$0	$0	$0
TIM DRISCOLL	CO-CHAIRMAN	15.00	Officer	$0	$0	$0
LISA BUDD	SECRETARY/TREASURER	15.00	Officer	$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
2018	$122,425	$162,654	$6,341	$-40,229