SPIRALS FOUNDATION FOR GYMNASTICS

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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

2004

Legal Domicile

Principal Officer

Cindy Norman

Phone

8059682453

Tax Period

2019-08-01 to 2020-07-31

SPIRALS FOUNDATION FOR GYMNASTICS, founded in 2004, is a small nonprofit that reported $241K in total revenue in fiscal year 2019. Expenses of $226K left a modest 6% surplus.

Mission

To promote healthy kids through participation in exercise, physical activity,learning team-work, time management and organizational skills.

Program Service Accomplishments

Program 1

Expenses: $226,212 Revenue: $240,835

We provide safe and instructional classes of gymnastics for over 100 children as well as the training for over 30 competitive gymnasts.

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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 (2019)

Revenue Breakdown

Contributions & Grants $36,484

Program Service Revenue $204,351

Investment Income $0

Other Revenue $0

TOTAL REVENUE $240,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,171

Fundraising Expenses $0

Program Expenses $226,212

Other Expenses $73,041

TOTAL EXPENSES $226,212

Year-over-Year Comparison

	2019	2018	Change
Revenue	$240,835	$246,850	0.0%
Expenses	$226,212	$235,717	0.0%
Net Income	$14,623	$11,133	+0.3%

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

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

$43,413

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janine Wilson	Director	35	Key Emp	$31,283	$0	$31,283
Betsy Armitage	Head Optional Coach	25	Key Emp	$12,130	$0	$12,130
Gina Crawford	Board President	4	Director	$0	$0	$0
Cindy Norman	Board/Club Treasurer	5	Director	$0	$0	$0
Kristy Palmer	Board Vice President	1	Director	$0	$0	$0
Jeffrey Yim	Member at Large	1	Director	$0	$0	$0
Sharon Rollman	Secretary	1	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
2020	$240,835	$226,212	$164,986	$14,623
2019	$246,850	$235,717	$60,021	$11,133