SPARK PROJECT INC (EIN 843844624) - 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

2020

Legal Domicile

Phone

5204776225

Tax Period

2023-01-01 to 2023-12-31

SPARK PROJECT INC, founded in 2020, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

AT SPARK PROJECT COLLECTIVE WE PROVIDE SUPPORT FOR EMPOWERMENT GROWTH AND EDUCATION BY UTILIZING THE TATTOO INDUSTRY AS A VEHICLE TO HELP THOSE IN NEED. AS A NON PROFIT WE ARE COMMITTED TO GIVING ALL PROCEEDS BACK TO THE LOCAL COMMUNITY AND ENHANCING LIVES THROUGH THE GIFT OF THE ARTS

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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 $0

Program Service Revenue $1,235,601

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,235,601

Expense Breakdown

Grants Paid $140,198

Salaries & Benefits $833,146

Fundraising Expenses $0

Program Expenses $1,302,638

Other Expenses $329,294

TOTAL EXPENSES $1,302,638

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,235,601	$966,682	+0.3%
Expenses	$1,302,638	$966,682	+0.3%
Net Income	$-67,037	$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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN VASQUEZ	CFO	40.00	Director	$0	$0	$0
BRYCE WILBORN	DIRECTOR	20.00	Director	$0	$0	$0
JENA BOURSAC	OFFICER	20.00	Officer	$0	$0	$0
ALYSSA INCORVAIA	OFFICER	20.00	Officer	$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	$1,235,601	$1,302,638	$1,244,722	$-67,037
2022	$966,682	$966,682	No data	No data
2021	$867,399	$867,399	No data	No data
2020	$639,359	$639,359	No data	No data

SPARK PROJECT INC