GEORGE SYKES MANUAL TRAINING SCHOOL

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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

1957

Legal Domicile

Principal Officer

MARK SUMMERS

Phone

8606046185

Tax Period

2023-01-01 to 2023-12-31

GEORGE SYKES MANUAL TRAINING SCHOOL, founded in 1957, is a small nonprofit in the Education sector that reported $506K in total revenue in fiscal year 2023. The organization ran a surplus of $293K, a strong 58% operating margin.

Mission

TO PROVIDE FUNDING FOR PROGRAMS IN THE VERNON, CT SCHOOL SYSTEM NOT PAID FOR THROUGH USUAL SOURCES.

Program Service Accomplishments

Program 1

Expenses: $177,966

FOR GENERAL USE AS STATED IN THE CREATING DOCUMENT FOR VERNON PUBLIC SCHOOLS - SYKES GRANT FOR THE 2022-2023 YEAR.

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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 $0

Program Service Revenue $0

Investment Income $505,629

Other Revenue $0

TOTAL REVENUE $505,629

Expense Breakdown

Grants Paid $177,966

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $177,966

Other Expenses $34,896

TOTAL EXPENSES $212,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$505,629	$476,103	+0.1%
Expenses	$212,862	$113,559	+0.9%
Net Income	$292,767	$362,544	-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

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
DAVID OLENDER	TRUSTEE	N/A	Director	$0	$0	$0
RAYMOND LEFURGE	TRUSTEE	N/A	Director	$0	$0	$0
CHARLES MACMILLAN	PAST PRES &	N/A	Officer Director	$0	$0	$0
NEAL MAGDEFRAU	TREASURER	N/A	Officer Director	$0	$0	$0
BRIAN NICHOLS	TRUSTEE	N/A	Director	$0	$0	$0
MARK SUMMERS	PRESIDENT	N/A	Officer Director	$0	$0	$0
STEVE KASSMAN	TRUSTEE	N/A	Director	$0	$0	$0
DR J SAMUEL POPE	TRUSTEE	N/A	Director	$0	$0	$0
KRISTEN HORRIGAN	SECRETARY	N/A	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	$505,629	$212,862	$7,392,033	$292,767
2022	$476,103	$113,559	$7,099,266	$362,544
2021	$930,645	$240,934	$6,736,722	$689,711
2020	$365,256	$191,848	$6,047,011	$173,408
2019	$439,253	$301,910	$5,873,603	$137,343
2018	$336,965	$180,586	$5,736,260	$156,379