SPARK

EIN: 813057920 501(c)(3) Community Improvement

OMAHA, NE

Total Revenue
$758,136
Total Expenses
$1,076,799
Total Assets
$2,599,787
Net Assets
$2,528,307
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NE
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 PARTNERSHPS THAT CREATE, IMPLEMENT, AND EVALUATE HOLISTIC REVITALIZATION PROJECTS.

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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 (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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Governance

Voting Members
7
Independent Members
7
Employees
10
Volunteers
15

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
6
$201,658
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
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 $971,957 $766,456 $1,768,624 $205,501
2020 $2,347,143 $576,139 $2,348,033 $1,771,004
2019 $389,588 $473,075 $471,838 $-83,487
2018 $498,189 $228,459 $1,018,401 $269,730
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