SPC4LIFE C/O JAMES CLARK REGISTERING AGENT (EIN 851182217) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

KEVIN C STEPHENSON

Phone

8043061477

Tax Period

2024-01-01 to 2024-12-31

SPC4LIFE, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $196K in total revenue in fiscal year 2020. The organization ran a surplus of $190K, a strong 97% operating margin.

Mission

TO DEVELOP AND IMPLEMENT INNOVATIVE EDUCATIONAL, ECONOMIC, AND PROFESSIONAL PROGRAMS TO EMPOWER AND IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES IN BRUNSWICK COUNTY, VIRGINIA. THE ORGANIZATION RELIES ON GIFTS FROM DONORS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $79,604

Program Service Revenue $0

Investment Income $0

Other Revenue $-6,314

TOTAL REVENUE $73,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,641

Other Expenses $58,150

TOTAL EXPENSES $58,150

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,290	$89,148	-0.2%
Expenses	$58,150	$65,535	-0.1%
Net Income	$15,140	$23,613	-0.4%

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

100

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
KEVIN CHRISTOPHER STEPHENSON	PRESIDENT	30.00	Officer Director	$0	$0	$0
DERRICK WOODSON	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
KAREN JORDAN-WRIGHT	TREASURER	20.00	Officer Director	$0	$0	$0
VIRGINIA PETTIS	SECRETARY	20.00	Officer Director	$0	$0	$0
JAMES CLARK	DIRECTOR	10.00	Director	$0	$0	$0
ARNOLD PLEASANT	DIRECTOR	10.00	Director	$0	$0	$0
LISA SYKES WINSTEAD	DIRECTOR	10.00	Director	$0	$0	$0
BISHOP SUSAN HAYNES	DIRECTOR	10.00	Director	$0	$0	$0
PHILLIP STONE	DIRECTOR	10.00	Director	$0	$0	$0
DARRELL GREEN	DIRECTOR	10.00	Director	$0	$0	$0
FRANK TENNYSON	DIRECTOR	10.00	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	$73,290	$58,150	$423,581	$15,140
2023	$89,148	$65,535	$408,442	$23,613
2022	$76,243	$52,805	$409,828	$23,438
2021	$198,613	$27,460	$386,391	$171,153
2020	$196,388	$6,150	$190,238	$190,238

SPC4LIFE C/O JAMES CLARK REGISTERING AGENT