South Park Area Redevelopment Committee (EIN 910899041) - 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

1972

Legal Domicile

Principal Officer

Meredith Hall

Phone

2067673650

Tax Period

2023-01-01 to 2023-12-31

South Park Area Redevelopment Committee, founded in 1972, is a small nonprofit that reported $570K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119K, a strong 21% operating margin.

Mission

In addition to promoting revitalization in South Park, SPARC manages the South Park Neighborhood Center. The SPNC provides office and meeting space for other nonprofits to do good works

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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 $57,518

Program Service Revenue $512,042

Investment Income $0

Other Revenue $20

TOTAL REVENUE $569,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,917

Fundraising Expenses $0

Program Expenses $438,085

Other Expenses $255,285

TOTAL EXPENSES $450,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$569,580	$457,493	+0.2%
Expenses	$450,202	$517,967	-0.1%
Net Income	$119,378	$-60,474	-3.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Meredith Hall	President	1.00	Officer Director	$0	$0	$0
Anna Marti	Treasurer	1.00	Officer Director	$0	$0	$0
Bill Pease	Secretary/Administrator	4.00	Officer 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	$569,580	$450,202	$163,791	$119,378
2022	$457,493	$517,967	$43,433	$-60,474
2021	$311,665	$322,241	$99,627	$-10,576
2020	$448,512	$511,518	$109,985	$-63,006
2019	$1,059,722	$1,044,115	$173,766	$15,607
2018	$768,584	$775,912	$168,674	$-7,328

South Park Area Redevelopment Committee