MINDSPARK LEARNING (EIN 474615131) - 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

2015

Legal Domicile

Principal Officer

KELLIE LAUTH

Phone

3039635390

Tax Period

2023-01-01 to 2023-12-31

MINDSPARK LEARNING, founded in 2015, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $3.0M exceeded revenue, resulting in a 62% operating deficit.

Mission

TO TEACH AND INSPIRE EDUCATORS IN EMERGING PRACTICES FOR A 21ST CENTURY WORKFORCE.

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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 $755,869

Program Service Revenue $1,099,352

Investment Income $11,230

Other Revenue $9,129

TOTAL REVENUE $1,875,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,038,860

Fundraising Expenses $386,964

Program Expenses $2,018,922

Other Expenses $1,003,298

TOTAL EXPENSES $3,042,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,875,580	$2,101,827	-0.1%
Expenses	$3,042,158	$4,255,056	-0.3%
Net Income	$-1,166,578	$-2,153,229	-0.5%

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

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

$398,942

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN FARNAM	CHAIR (THRU 5/23)	5.00	Officer Director	$0	$0	$0
GEOF ROCHESTER	INTERIM CHAIR (AS OF 6/23)	10.00	Officer Director	$0	$0	$0
KERRY GLENN	SECRETARY & TREASURER (AS OF 6/23)	2.00	Officer Director	$0	$0	$0
DAN MORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM CRONIN	BOARD MEMBER (AS OF 6/23)	1.00	Director	$0	$0	$0
DONNA GOLDIN-EVANS	BOARD MEMBER (AS OF 8/23)	1.00	Director	$0	$0	$0
YOLANDA ORTEGA	BOARD MEMBER (AS OF 11/23)	1.00	Director	$0	$0	$0
BRIDGET COUGHLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE PAPI	BOARD MEMBER (THRU 5/23)	1.00	Director	$0	$0	$0
SARAH MUELI	BOARD MEMBER (THRU 5/23)	1.00	Director	$0	$0	$0
KELLIE LAUTH	CHIEF EXECUTIVE OFFICER	40.00	Officer	$157,524	$15,409	$172,933
MELISSA SAYRE	CHIEF FINANCIAL OFFICER (THRU 7/23)	40.00	Officer	$89,370	$15,456	$104,826
KIKI HUCKABY	CHIEF IMPACT OFFICER	40.00	Officer	$96,437	$24,746	$121,183
MELISSA RISTEFF	CHIEF STRATEGY OFFICER	40.00	Highest	$125,478	$18,199	$143,677
CARRIE ROMERO-BRUGGER	CHIEF DESIGN OFFICER	40.00	Highest	$119,115	$1,485	$120,600

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	$1,875,580	$3,042,158	$732,175	$-1,166,578
2022	$2,101,827	$4,255,056	$2,552,082	$-2,153,229
2021	$1,653,854	$4,118,988	$4,593,245	$-2,465,134
2020	$3,592,773	$3,556,722	$1,447,277	$36,051
2020	$1,455,011	$3,484,547	$6,717,991	$-2,029,536
2019	$4,032,761	$3,769,611	$1,693,609	$263,150
2019	$2,218,977	$3,780,051	$8,889,274	$-1,561,074
2018	$12,681,217	$3,434,438	$10,040,352	$9,246,779

MINDSPARK LEARNING