SPARC Foundation Inc (EIN 813036310) - 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

Jackie Latek

Phone

8285523771

Tax Period

2024-07-01 to 2025-06-30

SPARC Foundation Inc, founded in 2016, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 3% surplus.

Mission

SPARC ignites connections to education, employment, and mentorship to strengthen the well-being and personal freedom of people and families in 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 (2024)

Revenue Breakdown

Contributions & Grants $1,499,871

Program Service Revenue $555,788

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,055,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,565,692

Fundraising Expenses $14,263

Program Expenses $1,667,916

Other Expenses $422,178

TOTAL EXPENSES $1,987,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,055,659	$2,047,822	+0.0%
Expenses	$1,987,870	$2,112,211	-0.1%
Net Income	$67,789	$-64,389	-2.1%

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jackie Latek	Executive Director	40.00	Officer	$90,000	$0	$90,000
Lance Crawford	Board Chair	5.00	Officer Director	$0	$0	$0
Veronica Edwards	Treasurer	4.00	Officer Director	$0	$0	$0
Marlo Smith	Secretary	2.00	Officer Director	$0	$0	$0
Brent Bailey	Board Member	1.00	Director	$0	$0	$0
Dustin Dow	Board Member	1.00	Director	$0	$0	$0
Lissa Brown	Board Member	1.00	Director	$0	$0	$0
Keynon Lake	Board Member	1.00	Director	$0	$0	$0
Jennifer Soster	Board Member (through 11/1/24)	1.00	Director	$0	$0	$0
Erika Bowman	Board Member	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	$2,055,659	$1,987,870	$481,145	$67,789
2024	$2,047,822	$2,112,211	$279,955	$-64,389
2023	$2,033,009	$2,026,699	$201,886	$6,310
2022	$1,532,955	$1,593,818	$172,946	$-60,863
2021	$1,476,993	$1,387,616	$234,429	$89,377
2020	$1,448,471	$1,420,449	$356,552	$28,022
2019	$1,500,079	$1,468,625	$114,573	$31,454
2018	$1,355,425	$1,313,640	$85,550	$41,785

SPARC Foundation Inc