Spark Climate Solutions (EIN 874299990) - 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

Erika Reinhardt

Phone

4152312032

Tax Period

2023-01-01 to 2023-12-31

Spark Climate Solutions, founded in 2022, is a community nonprofit in the Environment sector that reported $6.4M in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.2M, a strong 19% operating margin.

Mission

Sparks mission is to accelerate progress in emerging, potentially high-impact approaches for climate mitigation and adaptation that will contribute to humanitys comprehensive portfolio of solutions and responses to enable our return to a safe climate while minimizing risk to societal stability.

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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 $6,277,230

Program Service Revenue $0

Investment Income $79,135

Other Revenue $6,926

TOTAL REVENUE $6,363,291

Expense Breakdown

Grants Paid $2,175,681

Salaries & Benefits $1,710,066

Fundraising Expenses $67,383

Program Expenses $4,338,072

Other Expenses $1,275,450

TOTAL EXPENSES $5,161,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,363,291	$11,729,345	-0.5%
Expenses	$5,161,197	$2,343,574	+1.2%
Net Income	$1,202,094	$9,385,771	-0.9%

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

$240,856

Total Directors

$240,856

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Mann	Hd of Strategy	40.00	Officer Director	$240,856	$0	$240,856
David Brown	Schmidt Futures Innovation Fellow	40.00		$177,689	$0	$177,689
Laura Adams	Chief of Staff	40.00		$154,951	$0	$154,951
Paige E Brocidiacono	Project Manager	40.00		$141,228	$0	$141,228
Daphne Wysham	Hd of Methane Remo	40.00		$135,285	$0	$135,285
Erika Reinhardt	Executive Dir.	40.00	Officer Director	$0	$0	$0
Cooper Rinzler	Board Director	1.00	Director	$0	$0	$0
David Koweek	Board Director	1.00	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	$6,363,291	$5,161,197	$12,196,337	$1,202,094
2022	$11,729,345	$2,343,574	$9,896,473	$9,385,771

Spark Climate Solutions