SPARKWHEEL 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

1995

Legal Domicile

Principal Officer

MALISSA MARTIN

Phone

7858565190

Tax Period

2024-07-01 to 2025-06-30

SPARKWHEEL INC, founded in 1995, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2024. Expenses of $7.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO REMOVE BARRIERS AND PROVIDE THOSE WE SERVE WITH TOOLS AND RESOURCES THEY NEED TO THRIVE, NOW AND INTO THE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $5,570,601 Revenue: $1,328,696

OUR 2024-25 IMPACT: DURING THE 2024-25 SCHOOL YEAR, WE SERVED SCHOOLS WITH A COMBINED ENROLLMENT OF OVER 31,500 STUDENTS. THROUGH OUR SCHOOL-WIDE SUPPORT PROGRAMS, WE DISTRIBUTED MORE THAN 250,000...

OUR 2024-25 IMPACT: DURING THE 2024-25 SCHOOL YEAR, WE SERVED SCHOOLS WITH A COMBINED ENROLLMENT OF OVER 31,500 STUDENTS. THROUGH OUR SCHOOL-WIDE SUPPORT PROGRAMS, WE DISTRIBUTED MORE THAN 250,000 ESSENTIAL NEEDS ITEMS, INCLUDING FOOD, CLOTHING, HYGIENE PRODUCTS, SCHOOL SUPPLIES, BUS PASSES, AND REFERRALS TO COMMUNITY RESOURCES (INCLUDING CRISIS INTERVENTION SUPPORT). OUR FAMILY ENGAGEMENT ACTIVITIES REACHED OVER 8,000 FAMILY AND HOUSEHOLD MEMBERS, STRENGTHENING THE CONNECTION BETWEEN HOME AND SCHOOL. STUDENTS PARTICIPATED IN OVER 30,000 INSTANCES OF ENRICHMENT ACTIVITIES, WHILE LIFE SKILLS WERE SHARED OVER 20,000 TIMES. BEYOND SCHOOL-WIDE SUPPORTS, WE PROVIDED TARGETED, INDIVIDUAL SERVICES TO 3,067 CASELOAD STUDENTS, RESULTING IN OVER 33,000 INDIVIDUAL GOAL-RELATED SUPPORTS. OUTCOMES FOR THESE STUDENTS INCLUDE: 99% REMAINED ENROLLED IN SCHOOL 99% WERE PROMOTED TO THE NEXT GRADE LEVEL 96% OF SENIORS GRADUATED 53% OF GRADUATING SENIORS PURSUED POST-SECONDARY EDUCATION OR MILITARY SERVICECASELOAD STUDENTS WITH SPECIFIC INDIVIDUAL GOALS ACHIEVED THE FOLLOWING: 91% IMPROVED IN ACADEMICS 78% IMPROVED IN ATTENDANCE 86% IMPROVED IN BEHAVIOR 96% IMPROVED IN LIFE SKILLS 97% IMPROVED IN EARLY CHILDHOOD MILESTONES 95% IMPROVED IN OUR POST-SECONDARY PROGRAMSIN OUR POST-SECONDARY PROGRAMS, 90% OF CASELOAD STUDENTS WERE RETAINED OR GRADUATED FROM THEIR ENROLLED INSTITUTIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,708,967

Program Service Revenue $1,328,696

Investment Income $106,678

Other Revenue $34,735

TOTAL REVENUE $6,179,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,575,862

Fundraising Expenses $473,506

Program Expenses $5,570,601

Other Expenses $1,618,754

TOTAL EXPENSES $7,194,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,179,076	$6,308,498	0.0%
Expenses	$7,194,616	$7,633,378	-0.1%
Net Income	$-1,015,540	$-1,324,880	-0.2%

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

104

Volunteers

609

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

$328,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX DELANEY	CHAIR	2.00	Officer Director	$0	$0	$0
PAUL CARTTAR	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CINDY WILSON	TREASURER	2.00	Officer Director	$0	$0	$0
DON TURNBAUGH	DIRECTOR	1.00	Director	$0	$0	$0
MATT GODINEZ	DIRECTOR (THRU 6/24/25)	1.00	Director	$0	$0	$0
TASHA R FRIDIA	DIRECTOR (THRU 12/9/24)	1.00	Director	$0	$0	$0
STEVE KARLIN	SECRETARY	2.00	Officer Director	$0	$0	$0
DION LAKE	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL MILES SANDLER	DIRECTOR	1.00	Director	$0	$0	$0
GARY CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
MEL OCHOA	DIRECTOR (BEG 3/4/25)	1.00	Director	$0	$0	$0
JIM HOWE	DIRECTOR (BEG 3/4/25)	1.00	Director	$0	$0	$0
STAN RASMUSSEN	DIRECTOR (BEG 6/9/25)	1.00	Director	$0	$0	$0
MALISSA MARTIN	PRESIDENT/CEO	40.00	Officer	$158,203	$17,285	$175,488
BOBBIE JO RAY	CFO	40.00	Officer	$134,968	$17,667	$152,635
ALEXIS CARTER-BLACK	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$124,570	$3,694	$128,264
KELLY STANFORD	CHIEF PROG OFFICER	40.00	Highest	$124,890	$14,811	$139,701

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
2025	$6,179,076	$7,194,616	$2,852,109	$-1,015,540
2024	$6,308,498	$7,633,378	$3,722,544	$-1,324,880
2024	$6,308,498	$7,633,378	$3,722,544	$-1,324,880
2023	$6,740,314	$8,375,226	$5,078,435	$-1,634,912
2022	$10,689,088	$6,417,538	$5,926,043	$4,271,550
2021	$5,620,147	$5,551,785	$1,995,879	$68,362
2020	$5,792,772	$5,159,558	$2,219,243	$633,214
2019	$4,899,488	$4,791,437	$1,493,206	$108,051
2018	$4,379,381	$4,412,488	$1,304,672	$-33,107