THE SPIRIT OF HUNTINGTON INC (EIN 463038008) - 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

2013

Legal Domicile

Principal Officer

MICHAEL KITAKIS

Phone

6314709620

Tax Period

2024-01-01 to 2024-12-31

THE SPIRIT OF HUNTINGTON INC, founded in 2013, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 5% surplus.

Mission

AN ART CENTER CONSISTING OF NOT FOR PROFIT GROUP OF ARTISTS COMING TOGETHER IN AN INTIMATE ENVIRONMENT TO BUILD A COMMUNITY THAT SUPPORTS CHILDREN WITH SPECIAL NEEDS AND VETERANS THROUGH CREATIVE EXPRESSION OF ART.

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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 $151,424

Program Service Revenue $903,815

Investment Income $0

Other Revenue $19,223

TOTAL REVENUE $1,074,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $541,293

Fundraising Expenses $119,145

Program Expenses $649,031

Other Expenses $474,140

TOTAL EXPENSES $1,015,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,074,462	$976,773	+0.1%
Expenses	$1,015,433	$933,433	+0.1%
Net Income	$59,029	$43,340	+0.4%

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

$80,284

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WITTENBERG	CHAIRMAN	1.25	Officer Director	$0	$0	$0
SUSAN FASCIANO	TREASURER	1.25	Officer Director	$0	$0	$0
CHRISTY GUDATIS	SECRETARY	1.25	Officer Director	$0	$0	$0
TOMMY DIMISA	BOARD MEMBER	1.25	Director	$0	$0	$0
MELL GOLDMAN	BOARD MEMBER	1.25	Director	$0	$0	$0
HARVEY MANES	BOARD MEMBER	1.25	Director	$0	$0	$0
DOMINICK MAVALLIA	BOARD MEMBER	1.25	Director	$0	$0	$0
MICHAEL KITAKIS	EXECUTIVE DIRECTOR	40.00	Officer	$80,284	$0	$80,284

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	$1,074,462	$1,015,433	$605,148	$59,029
2023	$976,773	$933,433	$563,984	$43,340
2022	$743,551	$654,747	$600,771	$88,804
2021	$485,617	$420,511	$206,648	$65,106
2020	$250,467	$227,362	$140,796	$23,105
2019	$216,832	$204,039	$22,449	$12,793

THE SPIRIT OF HUNTINGTON INC