SPARKS OF LIFE INC (EIN 811879617) - 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

2016

Legal Domicile

Principal Officer

MOSHE GRUSKIN

Phone

7328061133

Tax Period

2024-01-01 to 2024-12-31

SPARKS OF LIFE INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $324K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $507K exceeded revenue, resulting in a 57% operating deficit.

Mission

OUR MISSION IS TO BETTER THE LIVES OF JEWISH PARKINSON'S PATIENTS BY PROVIDING AN ARRAY OF EMOTIONAL, MEDICAL, FINANCIAL AND EDUCATIONAL RESOURCES. THE GOAL OF THESE SERVICES IS TO ENABLE THOSE SUFFERING FROM THE DISEASE TO LIVE FULLY AND HEALTHIER LIVES, TO ENHANCE THEIR CARE, AND TO EMPOWER THEM TO MAKE POSITIVE CHOICES.

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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 $302,708

Program Service Revenue $20,950

Investment Income $0

Other Revenue $0

TOTAL REVENUE $323,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,963

Fundraising Expenses $30,451

Program Expenses $299,539

Other Expenses $368,896

TOTAL EXPENSES $507,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$323,658	$578,182	-0.4%
Expenses	$507,397	$610,697	-0.2%
Net Income	$-183,739	$-32,515	+4.7%

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
MOSHE GRUSKIN	PRESIDENT	20.00	Officer	$0	$0	$0
DR ELI MANDELBAUM	DIRECTOR	3.00	Officer	$0	$0	$0
YOSEF ZIMBAL	DIRECTOR	3.00	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	$323,658	$507,397	$236,194	$-183,739
2023	$578,182	$610,697	$300,112	$-32,515
2022	$430,208	$706,625	$316,094	$-276,417
2021	$379,164	$453,133	$488,612	$-73,969
2020	$205,871	$162,441	$54,944	$43,430
2019	$296,792	$288,032	$17,240	$8,760
2018	$314,275	$318,818	$14,204	$-4,543

SPARKS OF LIFE INC