SARATOGA INDEPENDENT SCHOOL

EIN: 141743945 501(c)(3)

SARATOGA SPRINGS, NY

Total Revenue
$2,402,964
Total Expenses
$2,747,143
Total Assets
$4,162,542
Net Assets
$1,924,435
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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
1991
Legal Domicile
NY
Principal Officer
THOMAS HUNT
Phone
5185830841
Tax Period
2024-07-01 to 2025-06-30

SARATOGA INDEPENDENT SCHOOL, founded in 1991, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $2.7M exceeded revenue, resulting in a 14% operating deficit.

Mission

SARATOGA INDEPENDENT SCHOOL IS A NEW YORK CHARTERED PRIVATE ELEMENTARY SCHOOL FOR CHILDREN IN PRESCHOOL THROUGH GRADE 8. THEIR MISSION IS TO EMPOWER STUDENTS TO BECOME CONFIDENT LEARNERS WHO ARE CAPABLE OF CRITICAL THINKING, PROBLEM SOLVING AND TEAMWORK. THEY STRIVE TO EQUIP STUDENTS WITH THE KNOWLEDGE AND SKILLS THEY WILL NEED TO SUCCEED IN AN INCREASINGLY COMPLEX WORLD, WHILE ENRICHING EACH DAY OF THEIR CHILDHOOD.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $40,619
Program Service Revenue $2,283,528
Investment Income $15,901
Other Revenue $62,916
TOTAL REVENUE $2,402,964

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,023,794
Fundraising Expenses $0
Program Expenses $1,873,817
Other Expenses $723,349
TOTAL EXPENSES $2,747,143

Year-over-Year Comparison

2024 2023 Change
Revenue $2,402,964 $2,721,590 -0.1%
Expenses $2,747,143 $3,006,157 -0.1%
Net Income $-344,179 $-284,567 +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

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Governance

Voting Members
12
Independent Members
12
Employees
66
Volunteers
25

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
5
$155,128
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON BROOKS TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL BUCKLEY PRESIDENT 2.00
Officer Director
$0 $0 $0
ASHLEY BUDD TRUSTEE 1.00
Director
$0 $0 $0
ERICA FULLER TRUSTEE 1.00
Director
$0 $0 $0
BRANDON HIMOFF TRUSTEE 1.00
Director
$0 $0 $0
ADAM HOSTETTER TRUSTEE 1.00
Director
$0 $0 $0
THOMAS HUNT TREASURER 2.00
Officer Director
$0 $0 $0
TIMOTHY HULIHAN TRUSTEE 1.00
Director
$0 $0 $0
SAMANTHA KERCULL SECRETARY 2.00
Officer Director
$0 $0 $0
JAYNE KIRBER TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER SMITH VICE TREASURER 2.00
Officer Director
$0 $0 $0
NICK TOLOSKY RISK MANAGEMENT CHAIR & FACILITIES CHAIR 2.00
Director
$0 $0 $0
ROBERT AHRENS HEAD OF SCHOOL 40.00
Officer
$142,352 $12,776 $155,128
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 $2,402,964 $2,747,143 $4,162,542 $-344,179
2024 $2,721,590 $3,006,157 $4,546,609 $-284,567
2023 $2,585,351 $2,704,010 $4,900,851 $-118,659
2022 $2,558,665 $2,620,604 $4,993,765 $-61,939
2021 $2,149,046 $2,019,045 $5,237,381 $130,001
2020 $2,081,259 $2,077,776 $5,104,765 $3,483
2019 $2,376,001 $1,660,644 $5,081,898 $715,357
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