Spring Chase Inc (EIN 582227138) - 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

1996

Legal Domicile

Principal Officer

Eugene P Walker Jr

Phone

4042702500

Tax Period

2024-07-01 to 2025-06-30

Spring Chase Inc, founded in 1996, is a small nonprofit that reported $268K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $301K exceeded revenue, resulting in a 12% operating deficit.

Mission

To provide support to entities that provide affordable, decent, safe, and sanitary dwellings and apartments or other living accomodations for persons of low and moderate income.

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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 $268,347

Other Revenue $100

TOTAL REVENUE $268,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $301,000

Other Expenses $301,000

TOTAL EXPENSES $301,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$268,447	$193,461	+0.4%
Expenses	$301,000	$303,560	0.0%
Net Income	$-32,553	$-110,099	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eugene P Walker Jr	President	0.50	Officer Director	$0	$0	$0
John Corcoran	Vice President	0.50	Officer Director	$0	$0	$0
Djuana Wellington	Secretary/Treasurer	0.50	Officer Director	$0	$0	$0
Laura Roberts	Commissioner	0.50	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	$268,447	$301,000	$8,179,231	$-32,553
2024	$193,461	$303,560	$8,261,784	$-110,099
2023	$369,677	$383,190	$8,371,883	$-13,513
2022	$347,504	$302,968	$6,818,797	$44,536
2021	$32,168	$300,000	$6,774,261	$-267,832
2020	$279,536	$300,057	$7,042,083	$-20,521
2019	$7,442,199	$1,515,404	$7,062,604	$5,926,795
2018	$2,989,113	$4,988,598	$10,800,515	$-1,999,485

Spring Chase Inc