CHISPA PROJECT

EIN: 811094634 501(c)(3) International Affairs

St Louis, MO

Total Revenue
$400,155
Total Expenses
$350,108
Total Assets
$177,815
Net Assets
$177,815
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CO
Principal Officer
Sara Brakhane
Phone
7205883315
Tax Period
2024-01-01 to 2024-12-31

CHISPA PROJECT, founded in 2016, is a small nonprofit in the International Affairs sector that reported $400K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $350K left a modest 13% surplus.

Mission

In Spanish, "chispa" means "spark," which is exactly our goal: to inspire and empower Honduran students with access to books by creating school libraries through a community driven approach. We work directly with local Honduran leaders to bring students their first children's books and support the new libraries throughout the school year. We also provide an integral training with parents, teachers, and students for the best usage of the books to improve children's reading fluency and comprehension. Finally, we use local and international volunteers to help fund and support new libraries while facilitating intercultural opportunities within different Honduran and international communities.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $308,456
Program Service Revenue $88,193
Investment Income $3,506
Other Revenue $0
TOTAL REVENUE $400,155

Expense Breakdown

Grants Paid $101,688
Salaries & Benefits $143,379
Fundraising Expenses $11,972
Program Expenses $311,705
Other Expenses $105,041
TOTAL EXPENSES $350,108

Year-over-Year Comparison

2024 2023 Change
Revenue $400,155 $286,742 +0.4%
Expenses $350,108 $233,444 +0.5%
Net Income $50,047 $53,298 -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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
1
Volunteers
66

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
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sara Burkes Brakhane Executive Director 45
Highest
$52,100 $0 $52,100
Emily Smith Vice President, Board of Directors 1
Officer Director
$0 $0 $0
Comfort Sampong Member, Board of Directors 1
Director
$0 $0 $0
Sarah Rinsema-Sybenga Board Member 2
Director
$0 $0 $0
Kelsey Schreiber Secretary, Board of Directors 1
Officer
$0 $0 $0
Leah Hodder Treasurer, Board of Directors 2
Officer
$0 $0 $0
Maiko Ushida President, Board of Directors 2
Officer
$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 $400,155 $350,108 $177,815 $50,047
2023 $286,742 $233,444 $127,768 $53,298
2022 $237,514 $265,670 $74,470 $-28,156
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