THE SPARKJOY FOUNDATION (EIN 471760883) - 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

K DONALD EVANS

Phone

3853223400

Tax Period

2023-01-01 to 2023-12-31

THE SPARKJOY FOUNDATION, founded in 2014, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.2M in total revenue in fiscal year 2023. Expenses of $6.4M left a modest 12% surplus.

Mission

THE SPARKJOY FOUNDATION HAS A CHARITABLE MISSION OF SPARKING JOY THROUGHOUT THE WORLD THROUGH STRATEGIC GIVING.

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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 $0

Program Service Revenue $0

Investment Income $7,210,286

Other Revenue $-986

TOTAL REVENUE $7,209,300

Expense Breakdown

Grants Paid $5,318,500

Salaries & Benefits $103,222

Fundraising Expenses $0

Program Expenses $6,358,873

Other Expenses $947,232

TOTAL EXPENSES $6,368,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,209,300	$-14,250,677	-1.5%
Expenses	$6,368,954	$5,691,792	+0.1%
Net Income	$840,346	$-19,942,469	-1.0%

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

N/A

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
MARI JOYCE SPARKJOY	President	5.00	Officer Director	$0	$0	$0
K DONALD EVANS	Treasurer	5.00	Officer Director	$0	$0	$0
ADAM SCOTT RIDING	Secretary	5.00	Officer Director	$0	$0	$0
KEITH ALLEN SPARKJOY	Vice President	5.00	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
2024	No data	No data	No data	No data
2023	$7,209,300	$6,368,954	$67,492,103	$840,346
2022	$3,184,080	$23,126,549	$66,303,674	$-19,942,469
2021	$12,155,838	$5,431,253	$86,245,916	$6,724,585
2020	$27,889,261	$3,033,525	$79,750,837	$24,855,736
2019	$23,509,910	$2,270,055	$54,895,006	$21,239,855
2018	$-2,601,396	$1,485,363	$33,425,728	$-4,086,759

THE SPARKJOY FOUNDATION