THE SPARK OF HUDSON FOUNDATION

EIN: 853003076 501(c)(3) Education

HUDSON, NY

Total Revenue
$242,320
Total Expenses
$252,625
Total Assets
$201,432
Net Assets
$46,106
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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
NY
Principal Officer
SUSAN DANZIGER
Phone
5168748800
Tax Period
2023-01-01 to 2023-12-31

THE SPARK OF HUDSON FOUNDATION, founded in 2020, is a small nonprofit in the Education sector that reported $242K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

THE SPARK OF HUDSON FOUNDATION IS FORMED FOR THE CHARITABLE AND EDUCATIONAL PURPOSE OF PROMOTING LEARNING, PROECTING THE ENVIRONMENT, AND BUILDING A STRONG LOCAL COMMUNITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $242,121
Program Service Revenue $0
Investment Income $199
Other Revenue $0
TOTAL REVENUE $242,320

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,181
Fundraising Expenses $0
Program Expenses $115,419
Other Expenses $171,444
TOTAL EXPENSES $252,625

Year-over-Year Comparison

2023 2022 Change
Revenue $242,320 $171,020 +0.4%
Expenses $252,625 $172,168 +0.5%
Net Income $-10,305 $-1,148 +8.0%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
3
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN DANZIGER PRESIDENT 0.00
Officer Director
$0 $0 $0
ALBERT WENGER DIRECTOR 0.00
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 No data No data No data No data
2023 $242,320 $252,625 $201,432 $-10,305
2022 $171,020 $172,168 $199,458 $-1,148
2021 $399,430 $198,824 $200,606 $200,606
2020 No data No data No data No data
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