SPRINGFIELD THUNDERBIRDS FOUNDATIO… - Form 990 Financial Data

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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

NATHAN COSTA

Phone

4132413218

Tax Period

2023-07-01 to 2024-06-30

SPRINGFIELD THUNDERBIRDS FOUNDATION INC, founded in 2017, is a small nonprofit in the Human Services sector that reported $141K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $167K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO SERVE CHARITABLE ORGANIZATIONS THROUGHOUT SPRINGFIELD, MASSACHUSETTS AND THE PIONEER VALLEY BY PROVIDING AND SUPPORTING INITIATIVES IN HEALTH AND WELLNESS, YOUTH ENRICHMENT AND CIVIL SERVICE

Program Service Accomplishments

Program 1

Expenses: $150,661

GRANTMAKING

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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 $18,762

Program Service Revenue $0

Investment Income $0

Other Revenue $121,899

TOTAL REVENUE $140,661

Expense Breakdown

Grants Paid $138,098

Salaries & Benefits $0

Fundraising Expenses $12,637

Program Expenses $150,661

Other Expenses $28,603

TOTAL EXPENSES $166,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140,661	$104,553	+0.3%
Expenses	$166,701	$137,746	+0.2%
Net Income	$-26,040	$-33,193	-0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN COSTA	PRESIDENT	1.00	Officer Director	$0	$0	$0
DIANE WHELIHAN	TREASURER	1.00	Officer Director	$0	$0	$0
JESSICA HANSEN	CLERK	1.00	Officer Director	$0	$0	$0
DENA HALL	DIRECTOR	1.00	Director	$0	$0	$0
FRANCIS J CATALDO JR	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINA D HOUGHTON	DIRECTOR	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
2024	$140,661	$166,701	$24,750	$-26,040

SPRINGFIELD THUNDERBIRDS FOUNDATION INC