EHealth CareEIN: 853196614· Ruling Year: 2022

Spartan Imaging Inc

Lansing, Michigan

B+Health Score
68B+

Financial Health Score

Provisional

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 39 peers in Health Care with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org4.11×
Peer Median8.62×
💰
$8.9M
Total Revenue
📊
$6.2M
Total Expenses
🏦
$25.5M
Net Assets
📋
$1.9M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+161.5%
Year-over-year change (2022 → 2023)
Net Margin
+30.2%
Revenue minus expenses as % of revenue
Working Capital Ratio
4.11
Net assets divided by total expenses
Liabilities-to-Assets
6.8%
Total liabilities as % of total assets

Filing History

2 filings on record
YearRevenueExpensesAssets
2023$8,907,798161%$6,215,557169%$27,390,099137%
2022$3,406,592$2,308,573$11,550,834

Frequently Asked Questions

What does Spartan Imaging Inc do?

Spartan Imaging Inc is a health care nonprofit organization based in Michigan. It is classified under NTEE code E30 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Spartan Imaging Inc financially healthy?

Based on our 9-metric Financial Health Score model, Spartan Imaging Inc has a score of 68/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Spartan Imaging Inc generate?

Spartan Imaging Inc reports $23.1M in annual revenue and holds $36.7M in total assets, based on IRS filings.

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Spartan Imaging Inc — Lansing, MI | GiveScope