Operation Spark (EIN 471514606) - 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

Phone

5042333838

Tax Period

2023-11-01 to 2024-10-31

Operation Spark, founded in 2014, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

Operation Spark is opening a new door to prosperity for low-opportunity individuals by presenting the fastest route to a career in software development.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,261,543

Program Service Revenue $782,036

Investment Income $28,631

Other Revenue $455,167

TOTAL REVENUE $2,527,377

Expense Breakdown

Grants Paid $48,730

Salaries & Benefits $1,932,565

Fundraising Expenses $43,146

Program Expenses $2,014,136

Other Expenses $584,389

TOTAL EXPENSES $2,565,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,527,377	$2,797,943	-0.1%
Expenses	$2,565,684	$2,675,876	0.0%
Net Income	$-38,307	$122,067	-1.3%

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

$208,091

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Fraboni	President & CEO	40.00	Officer	$202,567	$5,524	$208,091
Harvey Sanders	Dir Adult Instruct	40.00		$122,824	$4,800	$127,624
Mayukh Raychaudhuri	Director - HS Prog	40.00		$117,462	$4,784	$122,246
Peter Barnum	Instruction Lead	40.00		$103,209	$4,800	$108,009
Kimberly Farrell	Director - Finance	40.00		$106,750	$0	$106,750
Max Gaudin	Chairman	1.00	Officer Director	$0	$0	$0
Brandon Davis	Director	1.00	Director	$0	$0	$0
Chris LeBato	Treasurer	1.00	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	$2,527,377	$2,565,684	$2,713,733	$-38,307
2023	$2,797,943	$2,675,876	$2,838,574	$122,067
2022	$3,015,485	$2,744,795	$2,414,215	$270,690
2021	$2,866,020	$3,011,932	$2,623,999	$-145,912
2020	$3,551,563	$3,410,179	$2,644,267	$141,384
2019	$2,397,689	$2,137,219	$2,132,464	$260,470
2018	$2,984,352	$1,553,408	$1,827,355	$1,430,944

Operation Spark