SPARK CAPITAL

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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

BUEY TUT

Phone

4028194885

Tax Period

2023-01-01 to 2023-12-31

SPARK CAPITAL, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $586K, a strong 48% operating margin.

Mission

SPARK CAPITAL WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, SPARK AS A SUPPORTING ORGANIZATION. THE ORGANIZATION WILL PROVIDE FINANCIAL AND EDUCATIONAL SERVICES TO ECONOMICALLY DISTRESSED COMMUNITIES IN AND AROUND OMAHA, NEBRASKA AND COUNCIL BLUFFS, IOWA IN ORDER TO PROMOTE SOCIAL WELFARE AND TO COMBAT COMMUNITY DETERIORATION.

Program Service Accomplishments

Program 1

Expenses: $421,999 Revenue: $65,762

SPARK CAPITAL WILL ISSUE LOANS TO RECIPIENT ORGANIZATIONS TO FINANCE COMMUNITY DEVELOPMENT PROJECTS, INCLUDING AFFORDABLE HOUSING PROJECTS, COMMERCIAL PROJECTS AND COMMUNITY DEVELOPMENT PROJECTS...

SPARK CAPITAL WILL ISSUE LOANS TO RECIPIENT ORGANIZATIONS TO FINANCE COMMUNITY DEVELOPMENT PROJECTS, INCLUDING AFFORDABLE HOUSING PROJECTS, COMMERCIAL PROJECTS AND COMMUNITY DEVELOPMENT PROJECTS (SUCH AS HEALTHCARE AND EDUCATIONAL FACILITIES). THESE COMMUNITY DEVELOPMENT ACTIVITIES WILL BE LOCATED IN, OR SERVE TO BENEFIT, ECONOMICALLY DISADVANTAGED AREAS IN AND AROUND OMAHA, NEBRASKA AND COUNCIL BLUFFS, IA. THE GOAL OF ALL FINANCE PROJECTS WILL BE TO CREATE COMMUNITY BENENFIT FOR THE TARGETED ECONOMICALLY DISADVANTAGED AREA, SUCH AS THROUGH FORMATION OF NEW BUSINESSES, JOB CREATION AND ACCESS TO AFFORDABLE HOUSING FOR RESIDENTS, OR THE FACILITATION OF POPULATION GROWTH.

Program 2

Expenses: $38,094 Revenue: $5,936

EDUCATIONAL SERVICES WILL BE PROVIDED IN THE FORM OF TECHNICAL ASSISTANCE TO INDIVIDUALS SEEKING TO FORM ORGANIZATIONS AND ESTABLISHED ORGANIZATIONS THAT PLAN TO DEVELOP POOR AND DISTRESSED...

EDUCATIONAL SERVICES WILL BE PROVIDED IN THE FORM OF TECHNICAL ASSISTANCE TO INDIVIDUALS SEEKING TO FORM ORGANIZATIONS AND ESTABLISHED ORGANIZATIONS THAT PLAN TO DEVELOP POOR AND DISTRESSED COMMUNITIES BY PROVIDING HOUSING AND AMENITIES FOR LOW- AND MODERATE-INCOME POPULATIONS. THROUGH SPARK CAPITAL'S PROVISION OF TECHNICAL ASSISTANCE, RECIPIENT INDIVIDUALS AND ORGANIZATIONS WILL BE BETTER EQUIPPED TO FORM COMMUNITY DEVELOPMENT PROJECTS IN THE TARGETED ECONOMICALLY DISADVANTAGED AREAS, RESULTING IN COMMUNITY BENEFIT.

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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 $1,076,476

Program Service Revenue $67,440

Investment Income $74,417

Other Revenue $4,258

TOTAL REVENUE $1,222,591

Expense Breakdown

Grants Paid $0

Salaries & Benefits $407,832

Fundraising Expenses $33,388

Program Expenses $460,093

Other Expenses $229,045

TOTAL EXPENSES $636,877

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,222,591	$1,421,945	-0.1%
Expenses	$636,877	$344,417	+0.8%
Net Income	$585,714	$1,077,528	-0.5%

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

$201,658

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZI STERBA	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL PADILLA	TREASURER	1.00	Officer Director	$0	$0	$0
OJ SPOONER	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIDGET HADLEY	MEMBER	1.00	Director	$0	$0	$0
CHERYL WESTON	MEMBER	1.00	Director	$0	$0	$0
LOUIS SMITH	MEMBER	1.00	Director	$0	$0	$0
BUEY RAY TUT	CHIEF EXECUTIVE OFFICER AS OF 8/31/23	18.00	Officer	$0	$6,935	$63,777
ANGELA SMITH	INTERIM CEO THROUGH 7/31/23	18.00	Officer	$0	$4,951	$137,881

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	$1,222,591	$636,877	$4,775,707	$585,714
2022	$1,421,945	$344,417	$4,081,601	$1,077,528
2021	$759,503	$297,672	$2,607,218	$461,831