THE SPARK OF HUDSON FOUNDATION

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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

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 PURPOSES OF PROMOTING LEARNING, PROTECTING THE ENVIRONMENT, AND BUILDING A STRONG LOCAL COMMUNITY. ITS PRIMARY ACTIVITIES WILL BE TO OPERATE A MODEL LEARNING LAB LOCATED IN HUDSON, NEW YORK. THE LAB IS DESIGNED TO DELIVER PRACTICAL EDUCATIONAL CONTENT TO LOCAL RESIDENTS. OFFERINGS WILL BE SHORT COURSES AND INTERNSHIPS WHICH ALLOW INDIVIDUALS TO LEARN SKILLS TO ENTER THE WORKFORCE WORK AS SOON AS POSSIBLE. COURSES WILL INCLUDE A RANGE OF SUBJECTS, INCLUDING TRAINING FOR THE HEALTH AND SERVICE SECTORS AND ENGLISH FOR SPEAKERS OF OTHER LANGUAGES.

Program Service Accomplishments

Program 1

Expenses: $111,644

TO PROVIDE PROGRAMMING FOR RESIDENTS IN THE CITY OF HUDSON

Program 2

Expenses: $3,775

TO PROVIDE ASSISTANCE TO LOCAL RESIDENTS IN OBTAINING PASSPORTS

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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 $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

Governance

Voting Members

Independent Members

N/A

Employees

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
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