SPARK FOUNDATION INC

EIN: 934634291 501(c)(3) Human Services

RONKONKOMA, NY

Total Revenue
$175,512
Total Expenses
$31,534
Total Assets
$145,789
Net Assets
$143,978
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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
2023
Legal Domicile
NY
Principal Officer
AMY SILVA-MAGALHAES
Phone
6315806420
Tax Period
2024-01-01 to 2024-12-31

SPARK FOUNDATION INC, founded in 2023, is a small nonprofit in the Human Services sector that reported $176K in total revenue in fiscal year 2024. The organization ran a surplus of $144K, a strong 82% operating margin.

Mission

TO PROVIDE CHARITABLE ASSISTANCE TO FULL TIME AND PART TIME TEAM MEMBERS OF 305 WEST END ASSISTED LIVING, ENCORE LUXURY LIVING, ULTIMATE CARE ASSISTED LIVING MANAGEMENT AND THE BRISTAL ASSISTED LIVING, THEIR FAMILIES DURING UNFORSEEN EMERGENCIES AND UNAVOIDABLE TIMES OF NEED.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $168,485
Program Service Revenue $0
Investment Income $0
Other Revenue $7,027
TOTAL REVENUE $175,512

Expense Breakdown

Grants Paid $3,327
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,327
Other Expenses $28,207
TOTAL EXPENSES $31,534

Year-over-Year Comparison

2024 2023 Change
Revenue $175,512 N/A N/A
Expenses $31,534 N/A N/A
Net Income $143,978 $0 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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
30

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY SILVA-MAGALHAES PRESIDENT 1.00
Officer
$0 $0 $0
KRISTEN CELENDER TREASURER 1.00
Officer
$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 $175,512 $31,534 $145,789 $143,978
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