AIME SPARK

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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

2021

Legal Domicile

Principal Officer

MARC SUMMERS

Phone

2157201794

Tax Period

2023-01-01 to 2023-12-31

Mission

The Spark small business grant programs will fuel new growth and employment opportunities in the wholesale mortgage industry.

Program Service Accomplishments

Program 1

Expenses: $206,000 Revenue: $0

PROVIDING GRANTS TO RETAIL MORTGAGE PROFESSIONALS INTERESTED IN BECOMING MORTGAGE BROKER OWNERS. THE GOAL OF THE GRANT IS TO PROVIDE ADDITIONA RESOURCES TO BETTER EQUIP NEW WHOLESALE BROKERS WITH THE TOOLS THEY NEED TO SET UP A SUCCESSFUL INDEPENDENT BUSINESS THROUGH BOTH OUR FUNDING GRANT PROGRAM AND OUR TRAINING GRANT PROGRAM.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $206,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $206,000

Other Expenses $14,885

TOTAL EXPENSES $220,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	$220,885	$267,503	-0.2%
Net Income	N/A	$-267,503	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
MARC SUMMERS	PRESIDENT	N/A	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
2023	No data	$220,885	$267,474	No data
2022	No data	$267,503	$488,359	No data
2021	$1,000,000	$245,123	$755,862	$754,877