SPIRIT OF SHARING INC (EIN 760039177) - 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

1982

Legal Domicile

Principal Officer

Stephanie J Smith

Phone

9363366602

Tax Period

2023-01-01 to 2023-12-31

SPIRIT OF SHARING INC, founded in 1982, is a small nonprofit in the Human Services sector that reported $388K in total revenue in fiscal year 2023.

Mission

To provide temporary assistance to indigent persons, including food, clothing, housing utility assistance, transportation gas vouchers, and Christmas toys and food.

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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 $78,858

Program Service Revenue $0

Investment Income $245

Other Revenue $308,895

TOTAL REVENUE $387,998

Expense Breakdown

Grants Paid $67,052

Salaries & Benefits $221,684

Fundraising Expenses $0

Program Expenses $305,038

Other Expenses $103,942

TOTAL EXPENSES $392,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$387,998	$374,536	+0.0%
Expenses	$392,678	$345,660	+0.1%
Net Income	$-4,680	$28,876	-1.2%

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

N/A

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

$14,450

Total Directors

$31,375

Key Employees

$2,200

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christy Oliver	Director	020.00	Director	$16,925	$0	$16,925
Lana Henderson	Asst. Secretary	020.00	Officer Director	$12,250	$0	$12,250
Stephanie Smith	Treasurer	020.00	Officer Director Key Emp	$2,200	$0	$2,200
Dave Merrell	President	002.00	Officer Director	$0	$0	$0
Debra Dangerfield	Vice-President	002.00	Officer Director	$0	$0	$0
Anna Mae Veach	Secretary	002.00	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	No data	No data	No data	No data
2023	$387,998	$392,678	$294,163	$-4,680
2022	$374,536	$345,660	$299,523	$28,876
2021	$320,831	$303,452	$270,647	$17,379
2020	$270,477	$283,592	$253,268	$-13,115
2019	$337,933	$318,723	$266,383	$19,210
2018	$431,932	$270,320	$247,173	$161,612

SPIRIT OF SHARING INC