SPES DEVELOPMENT CORPORATION (EIN 813137293) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Principal Officer

OCTAVIEN A SPANNER

Phone

9543913730

Tax Period

2021-01-01 to 2021-12-31

SPES DEVELOPMENT CORPORATION, founded in 2016, is a micro nonprofit that reported $42K in total revenue in fiscal year 2021. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $113K exceeded revenue, resulting in a 170% operating deficit.

Mission

1. TO BE OPERATED EXCLUSIVELY AS A NONPROFIT PUBLIC BENEFIT CORPORATION, SAFEGUARDING THE DIGNITY OF ALL PERSONS BY ENGAGING IN SUSTAINABLE HUMANITARIAN ACTIVITIES AND INTERVENTION STRATEGIES ENCOMPASSING ECONOMIC, SOCIAL, EDUCATIONAL, CULTURAL, SCIENTIFIC, AND TECHNOLOGICAL PROJECTS FOR THE PREVENTION AND ERADICATION OF POVERTY, THE ELIMINATION OR PREJUDICE AND DISCRIMINATON. THE REDUCTION OF NEIGHBORHOOD TENSIONS, AND COMBAT COMMUNITY TENSIONS. 2. THE CORPORATION'S PROGRAMS AND ACTIVITIES ARE DESIGNED TO IMPROVE THE LIVING STANDARD OF ALL ECONOMICALY, EDUCATIONALLY, AND SOCIALLY DISADVANTAGED INDIVIDUALS INCLUDING MEMBERS OF THE MINORITY COMMUNITY, UNEMPLOYED, UNDEREMPLOYED AND LOW-MODERATE INCOME PERSONS ON A NATIONAL AND GLOBAL LEVEL REGARDLESS OF THEIR RACE, ETHNICITY, OR RELIGION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $14,300

Program Service Revenue $27,674

Investment Income $0

Other Revenue $0

TOTAL REVENUE $41,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,910

Other Expenses $113,310

TOTAL EXPENSES $113,310

Year-over-Year Comparison

	2021	2020	Change
Revenue	$41,974	$30,920	+0.4%
Expenses	$113,310	$75,363	+0.5%
Net Income	$-71,336	$-44,443	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
ADRIANA AVALO	DIRECTOR	10.00	Officer	$0	$0	$0
MAYRA COLON	DIRECTOR	10.00	Officer	$0	$0	$0
PATRICIA A ENCINA	CHAIRMAN	20.00	Officer	$0	$0	$0
KELLY M GALLAGHER	DIRECTOR	10.00	Officer	$0	$0	$0
MAXIMO GUERRERO	DIRECTOR	10.00	Officer	$0	$0	$0
MICHELE R HARRIS	DIRECTOR	10.00	Officer	$0	$0	$0
COURTNEY D HOCKMAN	DIRECTOR	10.00	Officer	$0	$0	$0
PAUL LOPEZ	DIRECTOR	10.00	Officer	$0	$0	$0
VICTOR A MARTINEZ	TREASURER	20.00	Officer	$0	$0	$0
TOMAS G MICHEL	SECRETARY	20.00	Officer	$0	$0	$0
ALEIDA ROMANACH	DIRECTOR	10.00	Officer	$0	$0	$0
OCTAVIEN A SPANNER	PRESIDENT	20.00	Officer	$0	$0	$0
MICHAEL THOMASSEN	DIRECTOR	10.00	Officer	$0	$0	$0
THERESA ZAAROUR	DIRECTOR	10.00	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
2021	$41,974	$113,310	$816,991	$-71,336
2020	$30,920	$75,357	$850,553	$-44,437

SPES DEVELOPMENT CORPORATION