THE SPARC INITIATIVE (EIN 822631163) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

EDWARD BEARDSLEY

Tax Period

2018-07-01 to 2019-06-30

THE SPARC INITIATIVE, founded in 2018, is a micro nonprofit that reported $4K in total revenue in fiscal year 2018. The organization ran a surplus of $3K, a strong 67% operating margin.

Mission

TO ENERGIZE AND PROMOTE LOCALLY OWNED AND OPERATED BUSINESSES, ORGANIZATIONS, AND CREATIVE PROFESSIONALS WHILE BUILDING COMMUNITY THROUGH ACTIVITIES, MENTORSHIP, DEVELOPMENT, AND PUBLIC PROJECTS WITHIN THE DOWNTOWN SUFFOLK AREA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $4,076

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,215

Other Expenses $1,361

TOTAL EXPENSES $1,361

Year-over-Year Comparison

	2018	2017	Change
Revenue	$4,076	N/A	N/A
Expenses	$1,361	N/A	N/A
Net Income	$2,715	N/A	N/A

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

100

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
EDWARD BEARDSLEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
LINDA G BUNCH	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
DANNY EPPERSON	SECRETARY	5.00	Officer Director	$0	$0	$0
BETH BEALE	TREASURER	5.00	Officer Director	$0	$0	$0
SUSAN BLAIR	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA EARLES	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD GIDLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE GWALTNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
BISHOP AS HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA JOHNSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN LAWRENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN SORENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT E STEPHENS	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLYN PHILLIPS	EXECUTIVE DI	40.00	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
2019	$4,076	$1,361	$2,715	$2,715

THE SPARC INITIATIVE