HSPVA Friends (EIN 741997921) - 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

1978

Legal Domicile

Principal Officer

Alene Haehl Coggin

Phone

7138740087

Tax Period

2023-08-01 to 2024-07-31

HSPVA Friends, founded in 1978, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $4.7M represent 39 months of operating reserves.

Mission

HSPVA Friends cultivates support for Kinder High School for the Performing and Visual Arts.

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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 $921,491

Program Service Revenue $426,109

Investment Income $93,611

Other Revenue $-5,981

TOTAL REVENUE $1,435,230

Expense Breakdown

Grants Paid $91,657

Salaries & Benefits $259,918

Fundraising Expenses $138,459

Program Expenses $1,203,572

Other Expenses $1,152,394

TOTAL EXPENSES $1,503,969

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,435,230	$1,242,104	+0.2%
Expenses	$1,503,969	$1,320,279	+0.1%
Net Income	$-68,739	$-78,175	-0.1%

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

Volunteers

100

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

$117,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank Angelle	Chair	1.00	Officer Director	$0	$0	$0
Kimberly Hickson Spaw	Secretary	1.00	Officer Director	$0	$0	$0
Grant Dorfman	Treasurer	1.00	Officer Director	$0	$0	$0
Patricia Bonner	Director	1.00	Director	$0	$0	$0
Algenita Scott Davis	Director	1.00	Director	$0	$0	$0
M Kaye DeWalt	Director	1.00	Director	$0	$0	$0
Andrew Edison	Director	1.00	Director	$0	$0	$0
Sally Edmundson	Director	1.00	Director	$0	$0	$0
Cristina Esquivel	Director	1.00	Director	$0	$0	$0
Janis Jarosz	Director	1.00	Director	$0	$0	$0
Alene Haehl Coggin	Executive Director	40.00	Officer	$117,500	$0	$117,500

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	$1,435,230	$1,503,969	$4,718,518	$-68,739
2023	$1,242,104	$1,320,279	$4,683,874	$-78,175
2022	$1,602,521	$1,138,695	$4,763,529	$463,826
2021	$738,458	$841,431	$4,509,541	$-102,973
2020	$950,743	$1,156,693	$4,458,496	$-205,950
2019	$1,303,009	$4,854,225	$4,584,577	$-3,551,216
2018	$1,392,786	$1,212,412	$9,678,660	$180,374

HSPVA Friends