Springboard Landings Inc

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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

2010

Legal Domicile

Principal Officer

Clarence M Hunt

Phone

6154822667

Tax Period

2024-01-01 to 2024-12-31

Springboard Landings Inc, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $254K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $129K, a strong 51% operating margin.

Mission

To provide adults with developmental disabilities above the intellectual disability range an option for independent living in a residential community-centered atmosphere with a limited amount of support.

Program Service Accomplishments

Program 1

The Organization is in the developmental stage and is focused on procuring the resources necessary to build housing that will provide adults with developmental disabilities above the intellectual...

The Organization is in the developmental stage and is focused on procuring the resources necessary to build housing that will provide adults with developmental disabilities above the intellectual disability range an option for independent living in a residential community-centered atmosphere with limited amount of support. As of December 31, 2024, the Organization had not commenced providing program services.

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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 $165,396

Program Service Revenue $0

Investment Income $96,540

Other Revenue $-7,532

TOTAL REVENUE $254,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,582

Fundraising Expenses $0

Other Expenses $40,915

TOTAL EXPENSES $125,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$254,404	$285,618	-0.1%
Expenses	$125,497	$102,509	+0.2%
Net Income	$128,907	$183,109	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles B Cooper	Director	3.00	Director	$0	$0	$0
John P Cooper	President	3.00	Officer Director	$0	$0	$0
J Ward Chaffin	Treasurer	3.00	Officer Director	$0	$0	$0
Mark Hunt	Vice President	3.00	Officer Director	$0	$0	$0
Dawn M Bagby	Director	1.00	Director	$0	$0	$0
Richard Chambers	Director	1.00	Director	$0	$0	$0
Penny Brink	Secretary	3.00	Officer Director	$0	$0	$0
Leigh Schonborg-Siegenthaler	Director	1.00	Director	$0	$0	$0
Ryan Lovelace	Director	1.00	Director	$0	$0	$0
Alan Williams	Director	1.00	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
2025	No data	No data	No data	No data
2024	$254,404	$125,497	$2,794,661	$128,907
2023	$285,618	$102,509	$2,663,215	$183,109
2022	$206,785	$56,693	$2,479,908	$150,092
2021	$98,549	$47,023	$2,336,537	$51,526
2020	$-1,619,455	$45,998	$2,284,612	$-1,665,453
2019	$77,313	$44,755	$2,406,737	$32,558
2018	$48,575	$64,115	$2,365,080	$-15,540