THE SPECTRA ORGANIZATION INC

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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

1973

Legal Domicile

Principal Officer

CAROL JONES-GILBERT

Phone

5616842160

Tax Period

2023-01-01 to 2023-12-31

THE SPECTRA ORGANIZATION INC, founded in 1973, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $2.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO ASSIST AND FOSTER THE PLANNING AND DEVELOPMENT OF PROJECTS DEEMED TO BE BENEFICIAL SOCIALLY, PHYSICALLY, ECONOMICALLY AND CULTURALLY TO THE PUBLIC INTEREST OF THE NATION, WITH ATTENTION PAID TO THE AREA OF THE PALM BEACH COUNTY COMMUNITY AND THE STATE OF FLORIDA

Program Service Accomplishments

Program 1

Expenses: $1,095,265 Revenue: $1,527,599

MANAGING EXPENSES OF HOUSING PROJECTS OWNED AND OPERATED BY THE PALM BEACH COUNTY HOUSING AUTHORITY AND PRIVATELY OWNED LOW AND MODERATE-INCOME HOUSING COMPLEXES

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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 (2023)

Revenue Breakdown

Contributions & Grants $745,921

Program Service Revenue $1,527,599

Investment Income $-131,631

Other Revenue $0

TOTAL REVENUE $2,141,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,375

Fundraising Expenses $0

Program Expenses $1,095,265

Other Expenses $2,312,064

TOTAL EXPENSES $2,430,439

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,141,889	$1,341,836	+0.6%
Expenses	$2,430,439	$980,534	+1.5%
Net Income	$-288,550	$361,302	-1.8%

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

$284,147

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL DUMARS	BOARD CHAIR	0.10	Officer Director	$0	$0	$0
DIGNA MEJIA	VICE CHAIR	0.10	Officer Director	$0	$0	$0
PHYLLIS CHOY	DIRECTOR	0.10	Director	$0	$0	$0
CAROL JONES-GILBERT	EXECUTIVE DIRECTOR	0.10	Officer	$0	$67,673	$284,147

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	No data	No data	No data	No data
2023	$2,141,889	$2,430,439	$13,377,669	$-288,550
2022	$1,341,836	$980,534	$11,257,530	$361,302
2021	$815,387	$343,178	$1,527,601	$472,209
2020	$781,682	$319,380	$1,000,106	$462,302
2019	$656,400	$415,761	$520,910	$240,639
2018	$350,617	$448,277	$421,800	$-97,660