Spring Lake Toys Foundation Inc DBA- Spring Lake Hope Foundation (EIN 812662629) - 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

Paulette Pera Laurenzi

Phone

2019620865

Tax Period

2023-01-01 to 2023-12-31

Spring Lake Toys Foundation Inc DBA- Spring Lake Hope Foundation, founded in 2016, is a small nonprofit in the Human Services sector that reported $905K in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 16% operating margin.

Mission

The organization provides financial assistance to families who struggle to pay for the medical and medical related expenses, not covered by insurance, of their child with a serious illness or special need.

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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 (2023)

Revenue Breakdown

Contributions & Grants $476,933

Program Service Revenue $0

Investment Income $12,914

Other Revenue $415,547

TOTAL REVENUE $905,394

Expense Breakdown

Grants Paid $574,940

Salaries & Benefits $162,491

Fundraising Expenses $79,151

Program Expenses $659,435

Other Expenses $19,657

TOTAL EXPENSES $757,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$905,394	$454,314	+1.0%
Expenses	$757,088	$580,201	+0.3%
Net Income	$148,306	$-125,887	-2.2%

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

N/A

Volunteers

185

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

$147,876

Total Directors

$147,876

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paulette Pera Laurenzi	President	40.00	Officer Director	$143,750	$4,126	$147,876
Salvatore V Frassetto	Vice President	4.00	Officer Director	$0	$0	$0
Karen Rutherford	Treasurer	3.50	Officer Director	$0	$0	$0
Kathleen Fuenning Cariddi	Secretary	0.50	Officer Director	$0	$0	$0
Steve Vitale	Trustee	0.25	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	No data	No data	No data	No data
2023	$905,394	$757,088	$299,615	$148,306
2022	$454,314	$580,201	$160,362	$-125,887

Spring Lake Toys Foundation Inc DBA- Spring Lake Hope Foundation