SPERO RECOVERY INC

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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

2017

Legal Domicile

Principal Officer

DAVID JOHNSON

Phone

3037362545

Tax Period

2023-01-01 to 2023-12-31

SPERO RECOVERY INC, founded in 2017, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 25% operating deficit.

Mission

A RECOVER COMMUNITY ORGANIZATION PROVIDING RECOVERY SERVICES INCLUDING RESIDENTIAL DRUG AND ALCOHOL RECOVERY PROGRAMS AND SOBER LIVING HOMES.

Program Service Accomplishments

Program 1

Expenses: $1,343,859

OUR MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS, FAMILIES AND COMMUNITIES AFFECTED BY ALCOHOL AND DRUG DEPENDENCY BY PROVING ACCESS TO AN AFFORDABLE, EFFECTIVE RECOVERY COMMUNITY.

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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 $272,960

Program Service Revenue $937,921

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,210,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $732,920

Fundraising Expenses $0

Program Expenses $1,343,859

Other Expenses $776,682

TOTAL EXPENSES $1,509,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,210,881	$1,749,533	-0.3%
Expenses	$1,509,602	$1,684,170	-0.1%
Net Income	$-298,721	$65,363	-5.6%

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

N/A

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

$261,574

Total Directors

$237,037

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JOHNSON	MANAGING DIRECT	40.00	Officer Director	$82,500	$0	$82,500
JEAN HEALEY	DIR OF FINANCE	40.00	Officer Director	$70,000	$0	$70,000
JEFFREY SENG	DIR OF SOBER LI	40.00	Officer Director	$60,000	$0	$60,000
MATTHEW LOUZON	CLINICAL DIRECT	40.00	Officer Director	$24,537	$0	$24,537
MATTHEW LOUZON	CLINICAL DIRECT	40.00	Officer	$24,537	$0	$24,537

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	$1,210,881	$1,509,602	$953,252	$-298,721
2022	$1,749,533	$1,684,170	$695,228	$65,363
2021	$1,649,345	$1,646,770	$702,306	$2,575
2020	$1,649,488	$1,420,268	$772,330	$229,220