STUDENT PROGRAM FOR ACADEMIC & ATHLETIC TRANSITION (EIN 161642307) - 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

2002

Legal Domicile

Principal Officer

HAROLD PEARSON

Phone

4153785871

Tax Period

2024-07-01 to 2025-06-30

STUDENT PROGRAM FOR ACADEMIC & ATHLETIC TRANSITION, founded in 2002, is a small nonprofit in the Education sector that reported $370K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $529K exceeded revenue, resulting in a 43% operating deficit.

Mission

SPAAT'S MISSION IS TO EMPOWER SOCIALLY AND ECONOMICALLY DISADVANTAGED HIGH SCHOOL STUDENT-ATHLETES BY PROVIDING THEM WITH ACADEMIC, ATHLETIC AND COMMUNITY SUPPORT SERVICES TO INCREASE THE NUMBER OF STUDENT-ATHLETES BEING PREPARED FOR COLLEGE,CAREERS AND LIFE AFTER SPORTS.

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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 $370,308

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $370,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,948

Fundraising Expenses $53,517

Program Expenses $298,879

Other Expenses $256,390

TOTAL EXPENSES $528,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,308	$600,742	-0.4%
Expenses	$528,582	$819,288	-0.4%
Net Income	$-158,274	$-218,546	-0.3%

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

$150,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD PEARSON	CEO	50.00	Officer	$150,000	$0	$150,000
WILLIE BOGAN	President	2.00	Officer	$0	$0	$0
REGINA GUILLORY	Director	2.00	Officer	$0	$0	$0
JIMMIE WILDER	Director	2.00	Officer	$0	$0	$0
TASION KWAMILELE	Director	2.00	Officer	$0	$0	$0
FATAI O OJURI	Secretary	2.00	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	$370,308	$528,582	$45,464	$-158,274
2024	$600,742	$819,288	$220,807	$-218,546
2023	$955,438	$791,612	$278,647	$163,826
2022	$533,572	$610,584	$169,222	$-77,012
2022	$545,971	$620,949	$28,924	$-74,978
2021	$619,879	$621,890	$158,750	$-2,011

STUDENT PROGRAM FOR ACADEMIC & ATHLETIC TRANSITION