INSPIRATION STUDIOS (EIN 851024537) - 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

Principal Officer

KIM NEAL

Phone

5138575658

Tax Period

2023-01-01 to 2023-12-31

INSPIRATION STUDIOS, founded in 2020, is a small nonprofit in the Employment sector that reported $935K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $183K, a strong 20% operating margin.

Mission

INSPIRATION STUDIOS INSPIRES INDIVIDUALS WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES TO LEAD PURPOSEFUL, HEALTHY, AND SELF-DIRECTED LIVES THROUGH INNOVATIVE PROGRAMMING AND SERVICES.

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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 $817,886

Program Service Revenue $45,812

Investment Income $8,412

Other Revenue $62,989

TOTAL REVENUE $935,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $457,363

Fundraising Expenses $53,323

Program Expenses $561,046

Other Expenses $294,910

TOTAL EXPENSES $752,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$935,099	$666,058	+0.4%
Expenses	$752,273	$547,457	+0.4%
Net Income	$182,826	$118,601	+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

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

$63,847

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM NEAL	EXECUTIVE DI	40.00	Officer	$63,847	$0	$63,847
TIM SPEIGHT	TREASURER	0.50	Officer Director	$0	$0	$0
MICHELLE BARNES DAVIS	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
KATHY BEATTY	SECRETARY	0.50	Officer Director	$0	$0	$0
DEBBIE MANN	BOARD MEMBER	0.50	Director	$0	$0	$0
ADAM MARCUM	PRESIDENT	0.50	Officer Director	$0	$0	$0
TEDDY KREMER	BOARD MEMBER	0.50	Director	$0	$0	$0
ALISA MILLER	BOARD MEMBER	0.50	Director	$0	$0	$0
CHERYL KREMER	BOARD MEMBER	0.50	Director	$0	$0	$0
TIFFANY GRUBB	BOARD MEMBER	0.50	Director	$0	$0	$0
AARON HUFFORD	BOARD MEMBER	0.50	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	$935,099	$752,273	$666,805	$182,826
2022	$666,058	$547,457	$485,085	$118,601
2021	$655,133	$287,145	$359,653	$367,988

INSPIRATION STUDIOS