Spirit of America Foundation

EIN: 582031848 501(c)(3) Youth Development

Chattanooga, TN

Total Revenue
$1,406,299
Total Expenses
$1,580,680
Total Assets
$1,542,210
Net Assets
$1,538,028
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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
1993
Legal Domicile
TN
Principal Officer
Dean Sikes
Phone
4235953240
Tax Period
2024-01-01 to 2024-12-31

Spirit of America Foundation, founded in 1993, is a community nonprofit in the Youth Development sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

Education and motivational speeches

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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 $1,406,818
Program Service Revenue $0
Investment Income $-1,576
Other Revenue $1,057
TOTAL REVENUE $1,406,299

Expense Breakdown

Grants Paid $0
Salaries & Benefits $329,938
Fundraising Expenses $0
Program Expenses $1,464,071
Other Expenses $1,250,742
TOTAL EXPENSES $1,580,680

Year-over-Year Comparison

2024 2023 Change
Revenue $1,406,299 $1,256,304 +0.1%
Expenses $1,580,680 $1,400,821 +0.1%
Net Income $-174,381 $-144,517 +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

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Governance

Voting Members
5
Independent Members
5
Employees
2
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
$325,928
Total Directors
4
$0
Key Employees
1
$325,928
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dean Sikes President 65.00
Officer Key Emp Highest
$325,928 $0 $325,928
Bill Turner SecretaryTreasurer 1.00
Officer Director
$0 $0 $0
Gregory Pope Director 1.00
Director
$0 $0 $0
Danny Hall Director 1.00
Director
$0 $0 $0
Paul Loftin Director 1.00
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 $1,406,299 $1,580,680 $1,542,210 $-174,381
2023 $1,256,304 $1,400,821 $1,712,409 $-144,517
2022 $1,269,709 $1,439,883 $1,856,926 $-170,174
2021 $1,135,686 $1,170,382 $2,027,100 $-34,696
2020 $2,697,011 $983,455 $2,098,296 $1,713,556
2019 $828,182 $801,786 $348,240 $26,396
2018 $842,984 $822,221 $324,421 $20,763
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