SPUR INC

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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

LYNNE KRASKER SCHULTZ

Phone

7814517787

Tax Period

2023-01-01 to 2023-12-31

SPUR INC, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $348K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

SPUR MOBILIZES VOLUNTEERS IN THE MEANINGFUL SERVICE AND ENRICHMENT OPPORTUNITIES THAT SUPPORT THE TANGIBLE NEEDS OF OUR COMMUNITY.IN STRIVING TO REMOVE BARRIERS TO VOLUNTEERING, SPUR PROVIDES A PLATFORM TO CULTIVATE A COMMUNITY OF DOERS ACROSS THE NORTH SHORE. WE NUTURE

Program Service Accomplishments

Program 1

Expenses: $31,197 Revenue: $66,472

STUDENT SUCCESS PROVIDES NEW BACKPACKS AND SCHOOL ESSENTIALS TO OVER 600 CHILDERN IN LYNN, MARBLEHEAD, SALEM , SWAMPSCOTT

Program 2

Expenses: $2,633 Revenue: $24,890

HOLIDAY CHEER PROVIDES HUNDREDS OF LOCAL CHILDERN IDENTIFIED THROUGH FOOD SHELTER AND SCHOOL COUSELORS WITH ITEMS ON THEIR WISH LIST AND WINTER ESSENTIALS IN A BUNDLE OF CHEER. WE ALSO WORK WITH AREA SHELTERS TO PROVIDE MEANINGFUL ESSENTIALS SUCH AS TOWELS, SHEETS AND TOILETRIES TO ADULTS EXPERIENCING HOMELESSNESS IN MARBLEHEAD, SALEM, SWAMPSCOTT AND LYNN

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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 $124,559

Program Service Revenue $127,010

Investment Income $7,208

Other Revenue $89,416

TOTAL REVENUE $348,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $233,282

Fundraising Expenses $56,706

Program Expenses $169,357

Other Expenses $105,164

TOTAL EXPENSES $338,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$348,193	$280,646	+0.2%
Expenses	$338,446	$354,432	0.0%
Net Income	$9,747	$-73,786	-1.1%

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

1100

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

$99,574

Total Directors

$157,497

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNEE KRASKER SCHULTZ	EXECUTIVE DIRECTOR	32.00	Officer Director	$70,888	$0	$70,888
KIMBERLY NOTHNAGEL	DIRECTOR OF COMMUNICATIONS	20.00	Officer Director	$28,686	$0	$28,686
REECE DAHLBERG	DIRECTOR	5.00	Director	$0	$0	$0
JACKIE MONGIELLO	PRESIDENT	5.00	Officer Director	$0	$0	$0
SUZANNE HALE	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL GORDON	DIRECTOR	5.00	Director	$0	$0	$0
HOWARD GOLDBERG	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
AMANDA JAFFE	CLERK	5.00	Director	$0	$0	$0
EMILY PROMISE	TREASURER	5.00	Officer Director	$0	$0	$0
JON DUBOW	DIRECTOR	5.00	Director	$0	$0	$0
BRYAN LAMOREAU	DIRECTOR OF VOLUNTEER ENGAGMENT	40.00	Director	$57,923	$0	$57,923

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	$348,193	$338,446	$277,096	$9,747
2022	$280,646	$354,432	$222,755	$-73,786
2021	$302,232	$225,275	$302,117	$76,957
2020	$241,772	$170,307	$188,813	$71,465