SPAULDING ACADEMY & FAMILY SERVICES (EIN 020244216) - 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

1958

Legal Domicile

Principal Officer

MEAGHAN EMMONS

Phone

6032868901

Tax Period

2023-07-01 to 2024-06-30

SPAULDING ACADEMY & FAMILY SERVICES, founded in 1958, is a mid-sized nonprofit in the Mental Health sector that reported $32.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $28.0M left a modest 14% surplus.

Mission

IMPROVE & ENRICH THE LIVES OF EMOTIONALLY/INTELLECTUALLY CHALLENGED YOUTH & THEIR FAMILIES.

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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 $650,582

Program Service Revenue $31,158,823

Investment Income $884,032

Other Revenue $34,116

TOTAL REVENUE $32,727,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,629,578

Fundraising Expenses $158,116

Program Expenses $24,936,469

Other Expenses $5,377,584

TOTAL EXPENSES $28,007,162

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,727,553	$28,415,235	+0.2%
Expenses	$28,007,162	$24,618,257	+0.1%
Net Income	$4,720,391	$3,796,978	+0.2%

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

405

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

$454,128

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL VENTURA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RONALD L MAGOON	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT D MCGUFFIN ESQ	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BOURBEAU	TRUSTEE	1.00	Director	$0	$0	$0
PETER WHITE	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE H GOTTLING	TRUSTEE	1.00	Director	$0	$0	$0
HALI B DEARBORN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL L FLAHERTY	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL S KAPLAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MARCUS S WEEKS	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES LLOYD	TRUSTEE	1.00	Director	$0	$0	$0
CATHY CULLITY	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLY WELCH	TRUSTEE	1.00	Director	$0	$0	$0
MEAGHAN EMMONS	CFO	40.00	Officer	$160,987	$10,098	$171,085
TODD EMMONS	CEO	40.00	Officer	$249,346	$33,697	$283,043
AMANDA CHAMPAGNE	VICE PRESIDENT OF FAMILY SERVICES	40.00	Highest	$136,131	$34,104	$170,235
CHANDRA MILLER	MEDICAL DIRECTOR	40.00	Highest	$129,870	$33,696	$163,566
NICHOLAS LEFEBVRE	DIRECTOR OF HEALTH SERVICE	40.00	Highest	$130,164	$25,451	$155,615
MICHAEL PYZYDZIELSKI	PSYCHIATRIC NURSE PRACTITIONER	12.00	Highest	$151,014	$0	$151,014
GARRETT LAVALLEE	DIRECTOR OF SPECIAL EDUCATION	40.00	Highest	$112,188	$5,941	$118,129

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	$32,727,553	$28,007,162	$48,306,841	$4,720,391
2023	$28,415,235	$24,618,257	$40,345,895	$3,796,978
2022	$27,006,002	$21,705,377	$31,194,025	$5,300,625
2020	$17,756,505	$17,972,850	$26,687,719	$-216,345
2019	$16,681,925	$16,808,698	$23,721,759	$-126,773

SPAULDING ACADEMY & FAMILY SERVICES