SPRINGWELL NETWORK INC (EIN 561097900) - 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

1974

Legal Domicile

Principal Officer

CHARLENE WARREN

Phone

3366617788

Tax Period

2024-07-01 to 2025-06-30

SPRINGWELL NETWORK INC, founded in 1974, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 8% surplus.

Mission

TO PROVIDE QUALITY RESIDENTIAL CARE AND TRAINING FOR INDIVIDUALS WITH DISABILITIES.

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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 $31,416

Program Service Revenue $2,796,403

Investment Income $-1,055

Other Revenue $-1,982

TOTAL REVENUE $2,824,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,761,747

Fundraising Expenses $0

Program Expenses $2,130,043

Other Expenses $826,623

TOTAL EXPENSES $2,588,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,824,782	$2,535,692	+0.1%
Expenses	$2,588,370	$2,398,885	+0.1%
Net Income	$236,412	$136,807	+0.7%

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

101

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

$109,235

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERIC HARPER	INCOMING PRESIDENT	1.00	Officer Director	$0	$0	$0
JANNELL ROWE	DIRECTOR	1.00	Director	$0	$0	$0
ADAM CHATHAM	DIRECTOR	1.00	Director	$0	$0	$0
NOLAN SPANN	DIRECTOR	1.00	Director	$0	$0	$0
TARYN WINNER	DIRECTOR	1.00	Director	$0	$0	$0
DEVONNA KING	DIRECTOR	1.00	Director	$0	$0	$0
ROMONA WILLIAMS	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
RICK BROWN	OUTGOING PRESIDENT	1.00	Officer Director	$0	$0	$0
JILLIAN DEWALT	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
CHARLENE WARREN	EXECUTIVE DIRECTOR	40.00	Officer	$101,140	$8,095	$109,235

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	$2,824,782	$2,588,370	$2,563,557	$236,412
2024	$2,535,692	$2,398,885	$2,315,853	$136,807
2023	$2,086,314	$2,290,983	$2,213,211	$-204,669
2022	$1,990,289	$2,236,931	$2,374,478	$-246,642
2021	$2,497,715	$2,187,435	$2,649,082	$310,280
2020	$2,208,408	$2,145,387	$2,319,903	$63,021
2019	$2,362,192	$2,037,049	$2,270,847	$325,143
2018	$2,310,940	$2,010,248	$1,949,225	$300,692

SPRINGWELL NETWORK INC