SPIROVATION INC (EIN 463166721) - 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

2014

Legal Domicile

Principal Officer

WAYNE ANDERSON

Phone

9197498526

Tax Period

2024-01-01 to 2024-12-31

SPIROVATION INC, founded in 2014, is a community nonprofit in the Medical Research sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $925K left a modest 14% surplus.

Mission

SPIROVATION PROVIDES MEDICAL AND CLINICAL RESEARCH SERVICES TO COMMERCIAL PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES.

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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 $1,074,263

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,074,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,000

Fundraising Expenses $0

Program Expenses $925,294

Other Expenses $905,294

TOTAL EXPENSES $925,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,074,263	$1,294,210	-0.2%
Expenses	$925,294	$1,301,356	-0.3%
Net Income	$148,969	$-7,146	-21.8%

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

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

$20,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD BOUCHER	DIRECTOR	2.00	Director	$0	$0	$0
TIM KING	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE ANDERSON	CLINICAL DEVELOPMENT OFFICER	10.00	Officer	$20,000	$0	$20,000

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
2025	No data	No data	No data	No data
2024	$1,074,263	$925,294	$155,696	$148,969
2023	$1,294,210	$1,301,356	$6,727	$-7,146
2022	$836,558	$1,135,347	$13,873	$-298,789
2021	$756,831	$687,924	$312,662	$68,907
2019	$-16,688	$192,481	$274,284	$-209,169
2018	$492,627	$206,608	$578,692	$286,019

SPIROVATION INC