SPERO ACADEMY

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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

2003

Legal Domicile

Principal Officer

DIANE PANGAL

Phone

6124658600

Tax Period

2024-07-01 to 2025-06-30

SPERO ACADEMY, founded in 2003, is a mid-sized nonprofit that reported $19.7M in total revenue in fiscal year 2024.

Mission

EMPOWER ACADEMIC, SOCIAL AND EMOTIONAL GROWTH FOR ALL IN A CULTURALLY INCLUSIVE AND COLLABORATIVE ENVIRONMENT. WE PRIORITIZE ADAPTIVE EDUCATION AND A SUPPORTIVE COMMUNITY TO ENSURE EVERY STUDENT FEELS VALUED AND PREPARED TO REACH THEIR FULL POTENTIAL. WE FOCUS OUR RESOURCES AND ENERGY ON DEVELOPING OUR CORE CAPABILITIES TO DEVELOP OUR STRATEGIC INTENTS:--CREATE DIFFERENTIATED PROGRAMS THAT INTEGRATE ACADEMICS WITH SOCIAL AND EMOTIONAL LEARNING--COMPREHENSIVELY IDENTIFY INDIVIDUAL EDUCATION NEEDS AND LEARNING STYLES--UTILIZE COLLABORATIVE TEAMING AMONG STAFF, SPECIALISTS, AND FAMILIES TO INTEGRATE AND COORDINATE PERSONALIZED EDUCATION--STRUCTURE LEARNING ENVIRONMENTS WITH SMALL STUDENT-TO-TEACHER RATIOS--ASSESS STUDENT PROGRESS ACROSS ALL LEARNING AREAS

Program Service Accomplishments

Program 1

Expenses: $19,318,996 Revenue: $341,768

SPERO ACADEMY COMPLETED YEAR 21 OF OPERATION ON JUNE 30, 2025. DURING THE YEAR ENDED JUNE 30, 2025, SPERO ACADEMY SERVED A TOTAL OF 270 STUDENTS AND OVER 93% OF THE STUDENT POPULATION ARE STUDENTS...

SPERO ACADEMY COMPLETED YEAR 21 OF OPERATION ON JUNE 30, 2025. DURING THE YEAR ENDED JUNE 30, 2025, SPERO ACADEMY SERVED A TOTAL OF 270 STUDENTS AND OVER 93% OF THE STUDENT POPULATION ARE STUDENTS WITH DISABILITIES. THE SCHOOL'S WAIT-LIST HAS GROWN, AND WILL SUPPORT THE PLAN TO REACH MAXIMUM CAPACITY OF 225 STUDENTS BY YEAR FIVE IN THE NEW FACILITY, AND 385 OVERALL ACROSS BOTH SITES. ALL BUDGETARY GOALS ASSOCIATED WITH THE OPERATIONS OF THE NEW FACILITY AND GROWING ENROLLMENT ARE BEING MET. THE SCHOOL CONTINUES TO RECEIVE HIGH MARKS IN ALL EVALUATIONS FROM THE UNIVERSITY OF ST. THOMAS, OUR AUTHORIZER.

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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 $19,369,602

Program Service Revenue $255,300

Investment Income $-9,170

Other Revenue $86,162

TOTAL REVENUE $19,701,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,227,297

Fundraising Expenses $0

Program Expenses $19,318,996

Other Expenses $7,707,269

TOTAL EXPENSES $19,934,566

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,701,894	$18,858,189	+0.0%
Expenses	$19,934,566	$18,818,562	+0.1%
Net Income	$-232,672	$39,627	-6.9%

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

260

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

$144,809

Total Directors

$111,697

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN FRITZ	CHAIR	1.00	Officer Director	$0	$0	$0
DONNA PIAZZA	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
KAREN MARSHALL	TREASURER	1.00	Officer Director	$0	$0	$0
JIM LAWRENCE	MEMBER	1.00	Director	$0	$0	$0
TROY HITE	MEMBER	1.00	Director	$0	$0	$0
JACQUELINE DONOFRIO	MEMBER/TEACHER	41.00	Director	$100,265	$11,432	$111,697
ROBERT SCHAUST	MEMBER	1.00	Director	$0	$0	$0
JULIANA BIEDERMAN	MEMBER	1.00	Director	$0	$0	$0
DIANE PANGAL	EXECUTIVE DIRECTOR	40.00	Officer	$125,113	$19,696	$144,809
GILBERT HALE	PRINCIPAL	40.00	Highest	$110,373	$28,438	$138,811
SUSAN SCHELLER	ACADEMIC DIRECTOR	40.00	Highest	$127,988	$20,003	$147,991
KELLY TIEDEMANN	SPECIAL ED DIRECTOR	40.00	Highest	$135,452	$19,147	$154,599
DEVIN TAYLOR	ACCOUNTABILITY DIRECTOR	40.00	Highest	$109,210	$16,661	$125,871
WILLIAM TOLAND	TEACHER	40.00	Highest	$102,365	$17,071	$119,436

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	$19,701,894	$19,934,566	$5,031,261	$-232,672
2024	No data	No data	No data	No data
2023	$16,018,761	$15,808,305	$4,811,098	$210,456
2022	$9,958,889	$9,882,062	$4,601,682	$76,827
2021	$8,619,763	$8,433,047	$4,864,005	$186,716
2020	$8,597,817	$8,471,331	$5,115,826	$126,486
2019	$7,800,133	$7,353,845	$5,782,800	$446,288
2018	$5,209,076	$6,153,565	$5,296,129	$-944,489