SPERAVITA INSTITUTE

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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

DAVID KLASNA

Phone

4024758433

Tax Period

2024-01-01 to 2024-12-31

SPERAVITA INSTITUTE, founded in 2019, is a small nonprofit in the Human Services sector that reported $296K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $279K left a modest 6% surplus.

Mission

TRAINING AND MANAGEMENT ASSISTANCE TO NON-PROFIT PREGNANCY CENTERS

Program Service Accomplishments

Program 1

Expenses: $84,714 Revenue: $143,792

THE ORGANIZATION PROVIDED EXECUTIVE, PATIENT RESOURCE, AND MEDICAL SERVICES TRAINING IN THE FOCUS METHOD. FIVE TRAINING SESSIONS WERE PROVIDED FOR 19 PREGNANCY CENTERS WITH 70 PARTICIPANTS.

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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 $187,046

Program Service Revenue $143,792

Investment Income $0

Other Revenue $-34,435

TOTAL REVENUE $296,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,520

Fundraising Expenses $26,225

Program Expenses $84,714

Other Expenses $131,505

TOTAL EXPENSES $279,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,403	$270,848	+0.1%
Expenses	$279,025	$349,790	-0.2%
Net Income	$17,378	$-78,942	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL FORTKAMP	TREASURER & DIRECTOR	0.50	Officer Director	$0	$0	$0
AMANDA TEMOSHEK	SECRETARY & DIRECTOR	0.25	Officer Director	$0	$0	$0
JULAINE CHRISTENSEN	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTINE CLAUSEN	DIRECTOR	0.25	Director	$0	$0	$0
CAMERON ARCH	DIRECTOR	0.25	Director	$0	$0	$0
MIKE FLAIR	DIRECTOR	0.25	Director	$0	$0	$0
DAVID KLASNA	PRESIDENT & DIRECTOR	0.50	Officer Director	$0	$0	$0
KERRY KREMKE	DIRECTOR	0.25	Director	$0	$0	$0
SHERRY EVERRETT	DIRECTOR	0.25	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	$296,403	$279,025	$250,686	$17,378
2023	$270,848	$349,790	$165,517	$-78,942
2022	$332,293	$271,691	$197,509	$60,602
2021	$263,479	$163,382	$128,657	$100,097