SEQUOYAH COMMUNITY SPIRIT FUND

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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

1999

Legal Domicile

Principal Officer

GAY HENSON

Phone

4238436585

Tax Period

2024-01-01 to 2024-12-31

SEQUOYAH COMMUNITY SPIRIT FUND, founded in 1999, is a micro nonprofit in the Human Services sector that reported $33K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Net assets of $107K represent 39 months of operating reserves.

Mission

COMMUNITY OUTREACH TO INCLUDE HELPING NEEDY FAMILIES WITH FOOD, CLOTHING, HOUSING, UTILITIES.

Program Service Accomplishments

Program 1

Expenses: $32,776

PROVIDED ASSISTANCE TO LOW INCOME FAMILIES IN VARIOUS FORMS SUCH AS RENT, CLOTHING, FOOD, AND PERSONAL NEEDS WHICH WERE BROUGHT ABOUT BY FINANCIAL HARDSHIPS SUCH AS JOB LOSS OR DISABILITY. OTHER...

PROVIDED ASSISTANCE TO LOW INCOME FAMILIES IN VARIOUS FORMS SUCH AS RENT, CLOTHING, FOOD, AND PERSONAL NEEDS WHICH WERE BROUGHT ABOUT BY FINANCIAL HARDSHIPS SUCH AS JOB LOSS OR DISABILITY. OTHER PROGRAM EXPENSES PROVIDED ASSISTANCE TO FAMILIES WHO HAVE A MEDICAL HARDSHIP WHICH CREATED A FINANCIAL STRAIN. EXAMPLE: CHILD IN HOSPITAL IN ANOTHER CITY AND FAMILY STAYING WITH THE CHILD AWAY FROM THEIR HOME DURING THE CHILD'S TREATMENT.

Program 2

Expenses: $3,043

ASSISTANCE PROVIDED TO NEEDY FAMILIES WHO BELONG TO THE SODDY DAISY HEADSTART PROGRAM: SPONSORED A BOOK DRIVE FOR CHILDREN FOR SUMMER READING, ORGANIZED EASTER AND CHRISTMAS PARTIES WITH GIFTS FOR...

ASSISTANCE PROVIDED TO NEEDY FAMILIES WHO BELONG TO THE SODDY DAISY HEADSTART PROGRAM: SPONSORED A BOOK DRIVE FOR CHILDREN FOR SUMMER READING, ORGANIZED EASTER AND CHRISTMAS PARTIES WITH GIFTS FOR CHILDREN, SUPPLIED THANKSGIVING AND CHRISTMAS DINNER FOR 20 FAMILIES, SUPPLIED CHRISTMAS GIFTS TO FAMILIES OF HEADSTART CHILDREN.

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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 $31,159

Program Service Revenue $0

Investment Income $22

Other Revenue $1,916

TOTAL REVENUE $33,097

Expense Breakdown

Grants Paid $26,973

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,819

Other Expenses $8,846

TOTAL EXPENSES $35,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,097	$47,847	-0.3%
Expenses	$35,819	$62,670	-0.4%
Net Income	$-2,722	$-14,823	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAY HENSON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
VICKY GOLDSMITH	SECRETARY/TRUSTEE	2.00	Officer Director	$0	$0	$0
MAURICE LAYNE	CO-CHAIR	2.00	Director	$0	$0	$0
KEN PARKER	TREASURER	2.00	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
2024	$33,097	$35,819	$106,815	$-2,722
2023	$47,847	$62,670	$109,537	$-14,823
2022	$95,940	$69,259	$124,360	$26,681
2021	$37,338	$83,428	$97,679	$-46,090
2020	$157,548	$119,479	$143,770	$38,069
2019	$57,648	$86,834	$105,707	$-29,186
2018	$94,193	$85,065	$134,404	$9,128