Spelman College Special Ventures Fund Inc (EIN 581561343) - 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

1982

Legal Domicile

Phone

4046813643

Tax Period

2024-07-01 to 2025-06-30

Spelman College Special Ventures Fund Inc, founded in 1982, is a micro nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 104% from the prior year — a significant decline worth monitoring.

Mission

CHARITABLE AND EDUCATIONAL CORPORATION FOR THE BENEFIT OF SPELMAN COLLEGE.

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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 $0

Program Service Revenue $0

Investment Income $-1,029,217

Other Revenue $0

TOTAL REVENUE $-1,029,217

Expense Breakdown

Grants Paid $24,037,095

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,037,095

Other Expenses $1,262,055

TOTAL EXPENSES $25,299,150

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-1,029,217	$25,262,058	-1.0%
Expenses	$25,299,150	$52,318,413	-0.5%
Net Income	$-26,328,367	$-27,056,355	0.0%

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

N/A

Volunteers

N/A

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

$2,259,022

Total Directors

$2,259,022

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Helene Gayle	President (THRU 11/21/2024)	35.0	Officer Director	$0	$42,959	$2,028,496
KATHY WALLER	SECRETARY	1.0	Officer Director	$0	$0	$0
Rhonda Honegan	Treasurer	1.0	Officer Director	$0	$5,677	$193,650
ROSALIND BREWER	INTERIM PRESIDENT	1.0	Officer Director	$0	$36,876	$36,876
Theodore R Aronson	Chairperson, President	1.0	Officer 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
2025	$-1,029,217	$25,299,150	$268,856,323	$-26,328,367
2024	No data	No data	No data	No data
2023	$19,974,264	$104,175,821	$243,289,135	$-84,201,557
2022	$24,739,812	$70,150,225	$277,718,955	$-45,410,413
2021	$23,449,739	$81,196,719	$312,201,237	$-57,746,980
2020	$26,274,154	$54,831,633	$236,389,415	$-28,557,479
2019	$20,482,379	$33,412,816	$247,874,566	$-12,930,437
2018	$23,484,457	$32,351,910	$245,085,628	$-8,867,453

Spelman College Special Ventures Fund Inc