SPARK PHOTONICS FOUNDATION INC (EIN 833595839) - 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

2019

Legal Domicile

Principal Officer

KEVIN MCCOMBER

Phone

6175196050

Tax Period

2023-01-01 to 2023-12-31

SPARK PHOTONICS FOUNDATION INC, founded in 2019, is a small nonprofit in the Science & Technology sector that reported $299K in total revenue in fiscal year 2023.

Mission

TO PROMOTE SCIENTIFIC INNOVATION IN THE FIELD OF PHOTONICS THROUGH SUPPORTING EDUCATION, RESEACH AND DEVELOPMENT, AND TO DEVELOP AN INTEGRATED PHOTONICS ECOSYSTEM AS A RESOURCE FOR INDUSTRY LEADERS, START-UPS, AND EDUCATIONAL INSTITUTIONS

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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 $101,372

Program Service Revenue $192,800

Investment Income $3,494

Other Revenue $1,134

TOTAL REVENUE $298,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,579

Fundraising Expenses $0

Program Expenses $245,153

Other Expenses $37,824

TOTAL EXPENSES $293,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,800	$302,800	0.0%
Expenses	$293,403	$175,850	+0.7%
Net Income	$5,397	$126,950	-1.0%

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

N/A

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

$107,683

Total Directors

$107,683

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL KAPOOR	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEVIN MCCOMBER	CLERK	16.00	Officer Director	$30,447	$0	$107,683
JULIE PIERCE	TREASURER	2.00	Officer Director	$0	$0	$0
YI QIAN	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$298,800	$293,403	$148,723	$5,397
2022	$302,800	$175,850	$142,287	$126,950

SPARK PHOTONICS FOUNDATION INC