SPIRIT CLUB FOUNDATION INC

EIN: 474009580 501(c)(3) Health Care

KENSINGTON, MD

Total Revenue
$186,405
Total Expenses
$200,907
Total Assets
$172,391
Net Assets
$172,391
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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
2015
Legal Domicile
MD
Principal Officer
KIM SCHOFIELD
Phone
2406210085
Tax Period
2024-01-01 to 2024-12-31

SPIRIT CLUB FOUNDATION INC, founded in 2015, is a small nonprofit in the Health Care sector that reported $186K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

SPIRIT CLUB FOUNDATION CONTRIBUTES TO HEALTHY COMMUNITIES BY PROVIDING ACCESS TO FITNESS AND WELLNESS SERVICES TAILORED TO PEOPLE WITH DISABILITIES.

Program Service Accomplishments

Program 1
Expenses: $169,538 Revenue: $0

SPIRIT CLUB FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS TO OFFSET THE COST OF GROUP CLASSES, VIRTUAL PROGRAMMING, PERSONAL TRAINING, ADAPTIVE SWIMMING LESSONS AND TECHNOLOGY/EQUIPMENT FOR PEOPLE WITH...

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SPIRIT CLUB FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS TO OFFSET THE COST OF GROUP CLASSES, VIRTUAL PROGRAMMING, PERSONAL TRAINING, ADAPTIVE SWIMMING LESSONS AND TECHNOLOGY/EQUIPMENT FOR PEOPLE WITH DISABILITIES IN THE DC METRO REGION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $185,270
Program Service Revenue $0
Investment Income $15
Other Revenue $1,120
TOTAL REVENUE $186,405

Expense Breakdown

Grants Paid $58,318
Salaries & Benefits $87,062
Fundraising Expenses $13,654
Program Expenses $169,538
Other Expenses $55,527
TOTAL EXPENSES $200,907

Year-over-Year Comparison

2024 2023 Change
Revenue $186,405 $224,082 -0.2%
Expenses $200,907 $207,980 0.0%
Net Income $-14,502 $16,102 -1.9%
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

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Governance

Voting Members
12
Independent Members
12
Employees
1
Volunteers
14

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
5
$81,300
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM SCHOFIELD EXECUTIVE DIRECTOR 40.00
Officer
$75,000 $6,300 $81,300
SUSAN HOFFMANN PRESIDENT 2.50
Officer Director
$0 $0 $0
STEVE ALLEN VICE PRESIDENT 2.50
Officer Director
$0 $0 $0
GARY L MCPHERSON II TREASURER 2.50
Officer Director
$0 $0 $0
TIGEST ALEMU SECRETARY 2.50
Officer Director
$0 $0 $0
JARED CINER BOARD MEMBER 2.50
Director
$0 $0 $0
SAM SMITH BOARD MEMBER 2.50
Director
$0 $0 $0
DAVID GODOY BOARD MEMBER 2.50
Director
$0 $0 $0
MATT LOWE BOARD MEMBER 2.50
Director
$0 $0 $0
GERARD MCDANIEL BOARD MEMBER 2.50
Director
$0 $0 $0
NARISHA SOODKEO BOARD MEMBER 2.50
Director
$0 $0 $0
CHRISTINE FLEMING BOARD MEMBER 2.50
Director
$0 $0 $0
DIANE YOCHELSON BOARD MEMBER 2.50
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 $186,405 $200,907 $172,391 $-14,502
2023 $224,082 $207,980 $186,893 $16,102
2022 $210,544 $181,768 $170,791 $28,776
2022 $210,544 $181,770 $170,791 $28,774
2021 $248,743 $135,889 $142,013 $112,854
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