SPEKTRUM HEALTH (EIN 832342838) - 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

Joseph Knoll

Phone

4074541363

Tax Period

2024-07-01 to 2025-06-30

SPEKTRUM HEALTH, founded in 2018, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

SPEKTRUM Health's mission is to provide top quality comprehensive primary healthcare options for LGBTQA+ individuals. We empower individuals to achieve their peak mental and physical health goals. We will engage with community organizations for meaningful and trusting relationship endeavors that will meet the needs of the LGBTQA+ 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 (2024)

Revenue Breakdown

Contributions & Grants $39,859

Program Service Revenue $1,907,191

Investment Income $567

Other Revenue $-298

TOTAL REVENUE $1,947,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $732,433

Fundraising Expenses $0

Program Expenses $1,781,073

Other Expenses $1,158,794

TOTAL EXPENSES $1,891,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,947,319	$1,522,499	+0.3%
Expenses	$1,891,227	$1,632,603	+0.2%
Net Income	$56,092	$-110,104	-1.5%

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

$167,428

Total Directors

$167,428

Key Employees

$273,491

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Knoll	President	50	Officer Director Key Emp Highest	$167,428	$0	$167,428
Denise Morgan	Nurse Practitioner	50	Key Emp Highest	$106,063	$0	$106,063
Maritza Rios	Director	1	Director	$0	$0	$0
Tiss Morrell	Director	0	Director	$0	$0	$0
Kathryn Hagen	Vice President	0	Director	$0	$0	$0
Michelle Salyer	Director	0	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
2025	$1,947,319	$1,891,227	$151,800	$56,092
2024	$1,522,499	$1,632,603	$116,666	$-110,104
2023	$2,208,471	$2,100,204	$238,348	$108,267
2022	$1,868,438	$2,059,833	$196,334	$-191,395
2021	$1,090,080	$1,004,161	$193,876	$85,919
2020	$275,747	$255,931	$55,501	$19,816

SPEKTRUM HEALTH