SPRITELY NETWORKED COMMUNITIES INSTITUTE (EIN 874257919) - 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

2021

Legal Domicile

Principal Officer

RANDALL FARMER

Phone

2094534148

Tax Period

2022-01-01 to 2022-12-31

SPRITELY NETWORKED COMMUNITIES INSTITUTE, founded in 2021, is a small nonprofit in the Science & Technology sector that reported $608K in total revenue in fiscal year 2022. The organization ran a surplus of $486K, a strong 80% operating margin.

Mission

SPRITELY'S TECHNOLOGY IS BEING RELEASED AS FREE AND OPEN SOURCE SOFTWARE AIMING FOR MULTIPLE PROGRAMMING LANGUAGE IMPLEMENTATIONS AND EVENTUAL OPEN STANDARDIZATION. ALL OF OUR WORK, RANGING FROM DECENTRALIZED IDENTITY, PEER-TO-PEER AGENTS, DECENTRALIZED SOCIAL NETWORKS, ENCRYPTED AND PORTABLE STORAGE, AND DISTRIBUTED OBJECT PROGRAMMING INFRASTRUCTURE IS BEING BUILT TO ENABLE A GATEKEEPER-FREE PATH WHERE USERS AND CONTENT ARE NOT TIED TO A SPECIFIC SERVER.

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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 (2022)

Revenue Breakdown

Contributions & Grants $607,941

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $607,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,834

Fundraising Expenses $506

Program Expenses $110,358

Other Expenses $28,282

TOTAL EXPENSES $122,116

Year-over-Year Comparison

	2022	2021	Change
Revenue	$607,941	N/A	N/A
Expenses	$122,116	N/A	N/A
Net Income	$485,825	N/A	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

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

$40,385

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL FARMER	DIR OF OPERA	40.00	Officer	$40,385	$0	$40,385
ALEX HANDY	BOARD DIRECT	5.00	Director	$0	$0	$0
KAREN SANDLER	BOARD MEMBER	5.00	Director	$0	$0	$0
DEBORAH NICHOLSON	BOARD MEMBER	5.00	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
2022	$607,941	$122,116	$607,941	$485,825

SPRITELY NETWORKED COMMUNITIES INSTITUTE