FRIENDS OF APPLEBY COLLEGE (UNITED STATES) INC (EIN 133019539) - 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

1979

Legal Domicile

Principal Officer

GEOFF SPIDLE

Phone

9058454681

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF APPLEBY COLLEGE (UNITED STATES) INC, founded in 1979, is a small nonprofit in the Education sector that reported $217K in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year. Expenses of $292K exceeded revenue, resulting in a 35% operating deficit.

Mission

FRIENDS OF APPLEBY COLLEGE (UNITED STATES), INC. FKA ARGUS SOCIETY, INC. IS A SUPPORTING ORGANIZATION OF APPLEBY COLLEGE LOCATED IN OAKVILLE, ONTARIO, CANADA. THE ORGANIZATION'S PURPOSE IS TO ASSIST THE COLLEGE IN SUPPORTING APPLEBY COLLEGE'S MISSION. THE COLLEGE'S MISSION IS TO EDUCATE AND ENABLE YOUNG MEN AND WOMEN TO BECOME LEADERS OF CHARACTER, MAJOR CONTRIBUTORS TO AND VALUED REPRESENTATIVES OF THEIR LOCAL, NATIONAL, AND INTERNATIONAL COMMUNITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $216,766

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $216,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $292,478

Other Expenses $292,479

TOTAL EXPENSES $292,479

Year-over-Year Comparison

	2025	2024	Change
Revenue	$216,766	$246,972	-0.1%
Expenses	$292,479	$221,196	+0.3%
Net Income	$-75,713	$25,776	-3.9%

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

N/A

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
GEOFF SPIDLE	PRESIDENT	1.00	Officer	$0	$0	$0
BILL BENSON	MEMBER	1.00	Officer	$0	$0	$0
SLAVA KLEMS	TREASURER	1.00	Officer	$0	$0	$0
VINCE VALENTINI	MEMBER	1.00	Officer	$0	$0	$0
JOHN SEE	MEMBER	1.00	Officer	$0	$0	$0
INNES VAN NOSTRAND	MEMBER	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
2025	$216,766	$292,479	$47,943	$-75,713
2024	$246,972	$221,196	$123,656	$25,776
2023	$244,550	$228,713	$97,880	$15,837
2022	$229,348	$197,206	$84,249	$32,142

FRIENDS OF APPLEBY COLLEGE (UNITED STATES) INC