WORLD SPARK INC

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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

2001

Legal Domicile

Principal Officer

MICHAEL MASLOWSKY

Phone

5032457899

Tax Period

2023-01-01 to 2023-12-31

WORLD SPARK INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $248K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $295K exceeded revenue, resulting in a 19% operating deficit.

Mission

WITH CHILDREN AS ITS FOCUS, WORLD SPARK IS A NONPROFIT RESPONDING TO THE NEEDS OF INFANTS AND ADOLESCENTS OUTSIDE OF THE UNITED STATES THROUGH EDUCATIONAL AND THERAPEUTIC PROGRAMS. BELIEVING CHILDREN TO BE THE WORLD'S GREATEST RESOURCE, WORLD SPARK IS DEDICATED TO BEING A

Program Service Accomplishments

Program 1

Expenses: $290,293

WORLD SPARK CONTINUES TO OPERATE A 15-ACRE, TEN-BUILDING RESIDENTIAL FACILITY FOR HOMELESS CHILDREN IN LAS TRES JOSE MICHOACAN, MEXICO. THE FACILITY OPENED IN OCTOBER 2008.WORLD SPARK, THROUGH ITS...

WORLD SPARK CONTINUES TO OPERATE A 15-ACRE, TEN-BUILDING RESIDENTIAL FACILITY FOR HOMELESS CHILDREN IN LAS TRES JOSE MICHOACAN, MEXICO. THE FACILITY OPENED IN OCTOBER 2008.WORLD SPARK, THROUGH ITS CAMP BOEDECKER PROGRAM, SERVES SPECIAL NEEDS CHILDREN THROUGH THERAPEUTIC, EDUCATIONAL, AND LIFE SKILLS EXPERIENCES. THE CAMP SESSIONS ARE OFFERED FREE OF CHARGE TO ALL PARTICIPANTS.

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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 $248,400

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $248,400

Expense Breakdown

Grants Paid $241,203

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $290,293

Other Expenses $53,655

TOTAL EXPENSES $294,858

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,400	$293,600	-0.2%
Expenses	$294,858	$304,989	0.0%
Net Income	$-46,458	$-11,389	+3.1%

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

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
MICHAEL W MASLOWSKY	PRESIDENT	5.00	Officer Director	$0	$0	$0
EDWARD NEWBEGIN	SECRETARY	1.30	Officer Director	$0	$0	$0
COREY JENKINS	BOARD MEMBER	1.30	Director	$0	$0	$0
ADRIAN ARELLANO GONZALEZ	BOARD MEMBER	5.00	Director	$0	$0	$0
JOHN NEWBEGIN	BOARD MEMBER	1.30	Director	$0	$0	$0
BRIAN SHAFFER	BOARD MEMBER	1.30	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$248,400	$294,858	$851,483	$-46,458
2022	$293,600	$304,989	$911,253	$-11,389
2021	$217,500	$370,501	$921,802	$-153,001
2020	$397,755	$286,451	$1,072,658	$111,304