SPARK PROMISE (EIN 861328405) - 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

2022

Legal Domicile

Principal Officer

ROBIN KEEFE

Phone

8186067211

Tax Period

2023-07-01 to 2024-06-30

SPARK PROMISE, founded in 2022, is a small nonprofit that reported $363K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $558K exceeded revenue, resulting in a 54% operating deficit.

Mission

SPARK BRIDGES COMMUNITIES AND PROMOTES EQUITY IN OPPORTUNITY TO EMPOWER STUDENTS ON THEIR JOURNEY.

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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 $362,949

Program Service Revenue $0

Investment Income $0

Other Revenue $367

TOTAL REVENUE $363,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $372,468

Fundraising Expenses $136,412

Program Expenses $250,037

Other Expenses $185,511

TOTAL EXPENSES $557,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$363,316	$1,274,343	-0.7%
Expenses	$557,979	$1,083,680	-0.5%
Net Income	$-194,663	$190,663	-2.0%

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

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

$158,814

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVINA DRABKIN	CHAIR	2.00	Officer Director	$0	$0	$0
LEAH TURNER JENKINS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN LEVIN	TREASURER	1.50	Officer Director	$0	$0	$0
JAY PETTIGREW	SECRETARY	0.50	Officer Director	$0	$0	$0
GAREN CORBETT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JULES KAUFMAN	DIRECTOR	0.50	Director	$0	$0	$0
VALERIE MARTIN	DIRECTOR	0.50	Director	$0	$0	$0
ANTHONY OVERSTREET	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN SALOP	DIRECTOR	0.50	Director	$0	$0	$0
OMAR ZARABI	DIRECTOR	0.50	Director	$0	$0	$0
ANTHONY MOHR	DIRECTOR	0.50	Director	$0	$0	$0
ROBIN M KEEFE	CEO	40.00	Officer	$151,815	$6,999	$158,814
AMANDA CHUN	OPERATIONS DIRECTOR	40.00	Highest	$111,531	$7,248	$118,779

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	$363,316	$557,979	No data	$-194,663
2023	$1,274,343	$1,083,680	$204,471	$190,663

SPARK PROMISE