SparkHope Automotive (EIN 810620077) - 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

2003

Legal Domicile

Principal Officer

Dan Georgopulos

Phone

3035264488

Tax Period

2024-01-01 to 2024-12-31

SparkHope Automotive, founded in 2003, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $618K, a strong 22% operating margin.

Mission

Hands of The Carpenter offers hope to single women with dependent children, while providing automobile services, partnering in their efforts to remain employed and to strive toward economic self-sufficiency . Hands served 695 different women providing them with 2,820 services in 2024. Services included 44 placements, 1374 repair jobs and 1402 maintenance 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 $2,878,644

Program Service Revenue $0

Investment Income $2,976

Other Revenue $-45,045

TOTAL REVENUE $2,836,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,174,455

Fundraising Expenses $191,369

Program Expenses $1,784,581

Other Expenses $1,043,860

TOTAL EXPENSES $2,218,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,836,575	$1,940,033	+0.5%
Expenses	$2,218,315	$2,092,218	+0.1%
Net Income	$618,260	$-152,185	-5.1%

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

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

$163,614

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Georgopulos	Founder/CEO	40	Officer	$133,601	$30,013	$163,614
Justin Folkestad	Treasurer	2	Director	$0	$0	$0
Guy Cascella	Board Chairman	2	Director	$0	$0	$0
Kris Hammon	Director	2	Director	$0	$0	$0
Rob Liley	Director	2	Director	$0	$0	$0
Beth Bales	Director	2	Director	$0	$0	$0
Craig Gardner	Director	2	Director	$0	$0	$0
Ken Brown	Director	2	Director	$0	$0	$0
Lisa Christie	Director	2	Director	$0	$0	$0
LaChunda Cook	Director	2	Director	$0	$0	$0
Jim Minter	Director	2	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	$2,836,575	$2,218,315	$4,726,210	$618,260
2023	$1,940,033	$2,092,218	$2,740,718	$-152,185
2022	$1,913,717	$1,880,770	$2,906,929	$32,947
2021	$1,567,684	$1,363,567	$1,517,696	$204,117
2020	$1,290,694	$1,156,176	$1,262,767	$134,518
2019	$993,930	$1,007,791	$1,055,364	$-13,861
2018	$887,049	$811,312	$1,299,076	$75,737

SparkHope Automotive