SARATOGA INDEPENDENT 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

1991

Legal Domicile

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

NONE

Program Service Accomplishments

Program 1

Expenses: $1,873,817 Revenue: $2,285,130

OPERATION OF GRADE SCHOOL (PRESCHOOL THROUGH GRADE 8), SUMMER CAMP, AND ENRICHMENT PROGRAM, WITH ENROLLMENT OF APPROXIMATELY 148 STUDENTS EDUCATED IN ACCORDANCE WITH NYS DEPARTMENT OF EDUCATION...

OPERATION OF GRADE SCHOOL (PRESCHOOL THROUGH GRADE 8), SUMMER CAMP, AND ENRICHMENT PROGRAM, WITH ENROLLMENT OF APPROXIMATELY 148 STUDENTS EDUCATED IN ACCORDANCE WITH NYS DEPARTMENT OF EDUCATION REQUIREMENTS.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

$155,128

Total Directors

Key Employees

Highest Compensated

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