THE SCHOOL OF PRACTICAL PHILOSOPHY (EIN 133107679) - 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

1964

Principal Officer

HOWARD SCHOTT

Phone

8777445669

Tax Period

2023-09-01 to 2024-08-31

THE SCHOOL OF PRACTICAL PHILOSOPHY, founded in 1964, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 65% operating margin.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO TEACH COURSES DESIGNED TO SHOW HOW GREAT PHILOSOPHICAL IDEAS MAY BE PUT TO EFFECTIVE USE IN DAILY LIFE.

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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 $87,315

Program Service Revenue $547,200

Investment Income $1,532,602

Other Revenue $1,932,206

TOTAL REVENUE $4,099,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,742

Fundraising Expenses $0

Program Expenses $1,195,436

Other Expenses $1,412,451

TOTAL EXPENSES $1,446,193

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,099,323	$3,022,208	+0.4%
Expenses	$1,446,193	$1,609,517	-0.1%
Net Income	$2,653,130	$1,412,691	+0.9%

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

Volunteers

236

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
HOWARD SCHOTT	PRESIDENT	5.00	Officer Director	$0	$0	$0
ALLAN MOLLER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
MARY BOSWORTH	TREASURER	6.00	Officer Director	$0	$0	$0
JAIME RATHORE	SECRETARY	2.00	Officer Director	$0	$0	$0
RUSSELL BOSWORTH	BOARD MEMBER	2.00	Director	$0	$0	$0
DEVANG GAMBHIRWALA	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHLEEN KIGEL	BOARD MEMBER	2.00	Director	$0	$0	$0
HARRY MAWYIN	BOARD MEMBER	2.00	Director	$0	$0	$0
DONALD WIEGMANN	BOARD MEMBER	2.00	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	$4,099,323	$1,446,193	$20,885,975	$2,653,130
2023	$3,022,208	$1,609,517	$17,845,257	$1,412,691
2022	$2,830,569	$1,316,932	$16,007,879	$1,513,637
2021	$2,719,269	$1,135,162	$15,586,307	$1,584,107
2020	$2,473,489	$1,492,909	$13,281,277	$980,580
2019	$3,049,924	$1,641,751	$12,047,131	$1,408,173
2018	$1,191,238	$1,405,864	$10,576,085	$-214,626

THE SCHOOL OF PRACTICAL PHILOSOPHY