SPARK

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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

BUEY TUT

Phone

4028001242

Tax Period

2023-01-01 to 2023-12-31

SPARK, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $758K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 42% operating deficit.

Mission

ORGANIZATION WAS ESTABLISHED TO CHAMPION COMMUNITY DEVELOPMENT BY FORMING AND LEADING PARTNERSHIPS THAT CREATE, IMPLEMENT AND EVALUATE HOLISTIC REVITALIZATION PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $724,727 Revenue: $34,042

SPARK IS A 501(C) NONPROFIT ORGANIZATION THAT BRINGS A UNIQUE, COLLABORATIVE AND COMMUNITY-BASED APPROACH TO ECONOMIC DEVELOPMENT IN THE OMAHA/COUNCIL BLUFFS REGION. WE RECOGNIZE THAT PHILANTHROPIC ORGANIZATIONS, CIVIC INSITUTIONS, AND OTHER EQUITY PARTNERS HAVE THE RESOURCES TO IMPACT CHANGE WHILE COMMUNITY RESIDENTS, BUSINESS OWNERS AND OTHER STAKEHOLDERS BEST UNDERSTAND THE COMMUNITY'S NEEDS. SPARK SERVES AS A BRIDGE BETWEEN THESE VARIOUS PARTIES, LEVERAGING OUR EXPERTISE, RELATIONSHIPS AND FUNDING TO TRANSFORM NEIGHBORHOODS THROUGH A PROCESS OF HOLISTIC DEVELOPMENT. HOLISTIC DEVELOPMENT APPLIES RIGOROUS REAL ESTATE DEVELOPMENT METHODS WHILE CONSIDERING ALL THE FOUNDATIONAL ASSETS: SOCIAL, POLITICAL, ECONOMIC AND PHYSICAL, THAT ARE NECESSARY FOR COMMUNITIES TO THRIVE AND PROSPER. OUR ROLE IS TO SUPPORT AND SUPPLEMENT THE WORK OF EXISTING ORGANIZATIONS, BUILD UPON EXISTING COMMUNITY ASSETS, PROVIDE FUNDING, LEVERAGE RESOURES TO CLOSE FINANCING GAPS AND TO HELP EDUCATE AND MINIMIZE THE RISK FOR DEVELOPERS WHO WOULD OTHERWISE NOT INVEST IN THESE COMMUNITIES. MOREOVER, WE WORK HAND IN HAND WITH THE COMMUNITY TO IDENTIFY AND TRAIN COMMUNITY LEADERS TO EFFECTIVELY ADVOCATE FOR THEMSELVES BOTH NOW AND FOR FUTURE GENERATIONS.

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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 $723,812

Program Service Revenue $33,158

Investment Income $24,593

Other Revenue $-23,427

TOTAL REVENUE $758,136

Expense Breakdown

Grants Paid $60,450

Salaries & Benefits $526,217

Fundraising Expenses $49,845

Program Expenses $724,727

Other Expenses $490,132

TOTAL EXPENSES $1,076,799

Year-over-Year Comparison

	2023	2022	Change
Revenue	$758,136	$853,160	-0.1%
Expenses	$1,076,799	$743,103	+0.4%
Net Income	$-318,663	$110,057	-3.9%

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

$201,658

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAMMY WATKINS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEFFREY KEMP	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDREA KATHOL	SECRETARY	2.00	Officer Director	$0	$0	$0
ANNETTE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
NANCY PRIDAL	DIRECTOR	1.00	Director	$0	$0	$0
DR RALPH LASSITER	DIRECTOR	1.00	Director	$0	$0	$0
OJ SPOONER	TREASURER	1.00	Officer Director	$0	$0	$0
BUEY TUT	CHIEF EXECUTIVE OFFICER AS OF 8/1/23	22.00	Officer	$56,842	$6,935	$63,777
ANGELA SMITH	INTERIM CEO THROUGH 7/31/23	22.00	Officer	$132,930	$4,951	$137,881
ANGEL STARKS	DIRECTOR OF LEARNING AND DEVELOPMENT	40.00	Highest	$105,256	$8,563	$113,819

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	$758,136	$1,076,799	$2,599,787	$-318,663
2022	$853,160	$743,103	$2,864,842	$110,057
2021	$2,256,574	$465,126	$2,470,063	$1,791,448
2020	$2,347,143	$576,139	$2,348,033	$1,771,004
2020	$971,957	$766,456	$1,768,624	$205,501
2019	$389,588	$473,075	$471,838	$-83,487
2018	$498,189	$228,459	$1,018,401	$269,730