SP HOLDING COMPANY (EIN 731345220) - 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

1927

Legal Domicile

Principal Officer

TIM HOLT

Phone

4053605533

Tax Period

2024-01-01 to 2024-12-31

SP HOLDING COMPANY, founded in 1927, is a small nonprofit that reported $426K in total revenue in fiscal year 2024. Expenses of $560K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE STUDENT HOUSING FOR LAMBDA CHI ALPHA FRATERNITY.

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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 $15,246

Program Service Revenue $410,403

Investment Income $499

Other Revenue $0

TOTAL REVENUE $426,148

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $554,025

TOTAL EXPENSES $560,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$426,148	$414,275	+0.0%
Expenses	$560,025	$367,649	+0.5%
Net Income	$-133,877	$46,626	-3.9%

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
CARY WILLIAMS	PRESIDENT	2.00	Officer Director	$0	$0	$0
DR ADAM SMITH	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
TIM HOLT	TREASURER	2.00	Officer Director	$0	$0	$0
TYLER BARRETT	CHAPTER ADVI	2.00	Director	$0	$0	$0
RUSSELL GIBBS	DIRECTOR	1.00	Director	$0	$0	$0
MATT HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
BARRY HURLEY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MABREY	DIRECTOR	1.00	Director	$0	$0	$0
TOM SPARKS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WINTON	DIRECTOR	1.00	Director	$0	$0	$0
ALEX YOUNES	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE MCQUAY	HOUSEMOTHER/	20.00	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	$426,148	$560,025	$2,482,016	$-133,877
2023	$414,275	$367,649	$2,592,881	$46,626
2022	$368,154	$402,446	$2,611,305	$-34,292
2021	$169,718	$459,355	$2,744,586	$-289,637
2020	$177,432	$347,104	$2,710,415	$-169,672
2019	$176,555	$447,782	$2,918,678	$-271,227
2018	$206,778	$358,044	$3,262,588	$-151,266

SP HOLDING COMPANY