Spark ALC Inc (EIN 831356457) - 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

Phone

9419098440

Tax Period

2023-08-01 to 2024-07-31

Spark ALC Inc, founded in 2018, is a small nonprofit in the Education sector that reported $508K in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $469K left a modest 8% surplus.

Mission

Spark ALC is a self-directed 501c3 non-profit private school in West Bradenton. We are an Agile Learning Center that provides an environment where learners take the lead in directing their own education using powerful tools for self-organization and intentional culture creation. Our students deeply engage with the world through their passions and strengths, and the learning environment embraces choice and freedom along with collaboration between peers, facilitators and the local 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 $257

Program Service Revenue $508,216

Investment Income $2

Other Revenue $0

TOTAL REVENUE $508,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $296,424

Fundraising Expenses $0

Program Expenses $455,604

Other Expenses $172,628

TOTAL EXPENSES $469,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$508,475	$295,594	+0.7%
Expenses	$469,052	$295,594	+0.6%
Net Income	$39,423	$0	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

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

$53,125

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Korenman	Secretary	0.00	Officer	$0	$0	$0
David Winkelman	Treasurer	0.00	Officer	$0	$0	$0
Dawn Leonard	President	50.00	Officer	$53,125	$0	$53,125

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	$508,475	$469,052	$108,059	$39,423
2023	$295,594	$295,594	$286,542	No data
2022	$285,518	$148,396	$152,018	$137,122

Spark ALC Inc