SPUR IMPACT ASSOCIATION (EIN 823990289) - Form 990 Financial Analysis & Trantor Score

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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

2018

Legal Domicile

Principal Officer

CHARLES VINCENT

Phone

3025668008

Tax Period

2023-10-01 to 2024-09-30

SPUR IMPACT ASSOCIATION, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

FOCUSED ON CONNECTING YOUNG PROFESSIONALS AND INSPIRING THEM TO GET INVOLVED AND MAKE AN IMPACT IN THEIR CAREER AND 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 $51,922

Program Service Revenue $2,149,483

Investment Income $24,383

Other Revenue $1,500

TOTAL REVENUE $2,227,288

Expense Breakdown

Grants Paid $1,809,782

Salaries & Benefits $216,333

Fundraising Expenses $0

Program Expenses $2,342,431

Other Expenses $413,910

TOTAL EXPENSES $2,440,025

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,227,288	$2,576,180	-0.1%
Expenses	$2,440,025	$2,273,764	+0.1%
Net Income	$-212,737	$302,416	-1.7%

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

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

$80,835

Total Directors

$21,318

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN ERDMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHELSEA CLARK	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
BRITTANY KELLER	SECRETARY & TREASURER	2.00	Officer Director	$0	$0	$0
AUNDRE CHAMBERS	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN HUNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOFER JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM MORGAN	BOARD MEMBER	15.00	Director	$21,318	$0	$21,318
RODNEY YODER	BOARD MEMBER	1.00	Director	$0	$0	$0
FLORA SUTALO	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA CRAWFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES VINCENT	EXECUTIVE DIRECTOR	40.00	Officer	$80,835	$0	$80,835

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	$2,227,288	$2,440,025	$266,534	$-212,737
2023	$2,576,180	$2,273,764	$481,646	$302,416
2022	$1,648,770	$1,889,662	$183,616	$-240,892
2021	$1,906,362	$1,681,111	$418,119	$225,251
2020	$220,922	$259,418	$194,843	$-38,496
2019	$376,399	$275,272	$91,751	$101,127

SPUR IMPACT ASSOCIATION