Springfield Preservation & Revitalization Council Inc

EIN: 592024497 501(c)(3) Arts, Culture & Humanities

Jacksonville, FL

Total Revenue
$1,169,594
Total Expenses
$838,646
Total Assets
$1,305,412
Net Assets
$1,211,209
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
FL
Principal Officer
John Shermetaro
Phone
9043537727
Tax Period
2024-01-01 to 2024-12-31

Springfield Preservation & Revitalization Council Inc, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $331K, a strong 28% operating margin.

Mission

The mission of SPAR is to ensure historic Springfield is a preferred place to live and do business by leading programs that drive the preservation, revitalization and balanced growth of our community.

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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 $858,948
Program Service Revenue $0
Investment Income $10,646
Other Revenue $300,000
TOTAL REVENUE $1,169,594

Expense Breakdown

Grants Paid $0
Salaries & Benefits $272,416
Fundraising Expenses $67,109
Program Expenses $488,349
Other Expenses $566,230
TOTAL EXPENSES $838,646

Year-over-Year Comparison

2024 2023 Change
Revenue $1,169,594 $525,327 +1.2%
Expenses $838,646 $488,374 +0.7%
Net Income $330,948 $36,953 +8.0%
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

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Governance

Voting Members
15
Independent Members
15
Employees
10
Volunteers
200

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
3
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pamela Batts-Brown At Large Board Member 1.25
Director
$0 $0 $0
Jason Hardwick At Large Board Member 1.25
Director
$0 $0 $0
Annie Howe At Large Board Member 1.25
Director
$0 $0 $0
Ryan McFarland Secretary 4.00
Officer Director
$0 $0 $0
John Shermetaro President 4.00
Director
$0 $0 $0
Bryant Shumaker At Large Board Member 1.25
Director
$0 $0 $0
Mallik Singareddy Treasurer 4.00
Officer Director
$0 $0 $0
Tyler Grant Vice President 4.00
Director
$0 $0 $0
Daniel Ashworth At Large Board Member 1.25
Director
$0 $0 $0
Alison Blitch At Large Board Member 1.25
Director
$0 $0 $0
Katie Derringer At Large Board Member 1.25
Director
$0 $0 $0
Margie Viss At Large Board Member 1.25
Director
$0 $0 $0
Kenny Logsdon At Large Board Member 1.25
Director
$0 $0 $0
Rachelle Miller At Large Board Member 1.25
Officer Director
$0 $0 $0
Melissa Schmitt At Large Board Member 1.25
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 No data No data No data No data
2024 $1,169,594 $838,646 $1,305,412 $330,948
2023 $525,327 $488,374 $964,052 $36,953
2022 $506,894 $418,787 $916,139 $88,107
2021 $592,494 $322,903 $840,596 $269,591
2019 $357,538 $362,941 $394,677 $-5,403
2018 $334,098 $289,874 $395,551 $44,224
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