NEW LONDON-SPICER EDUCATIONAL FOUNDATION (EIN 202369692) - 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

2006

Legal Domicile

Principal Officer

ANN WINGE-JOHNSON

Phone

3203542252

Tax Period

2024-01-01 to 2024-12-31

NEW LONDON-SPICER EDUCATIONAL FOUNDATION, founded in 2006, is a small nonprofit in the Education sector that reported $135K in total revenue in fiscal year 2024. Revenue surged 143% from the prior year, signaling strong growth momentum. Net assets of $683K represent 61 months of operating reserves.

Mission

THE FOUNDATION EXISTS TO ENHANCE THE QUALITY OF EDUCATION AND EDUCATIONAL OPPORTUNITIES AND GENERATE AND DISTRIBUTE FINANCIAL AND OTHER RESOURCES FOR THE BENEFIT OF THE STUDENTS OF THE NEW LONDON-SPICER SCHOOL DISTRICT.

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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 $135,439

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $135,439

Expense Breakdown

Grants Paid $116,805

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,316

Other Expenses $27,930

TOTAL EXPENSES $144,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,439	$55,840	+1.4%
Expenses	$144,735	$42,543	+2.4%
Net Income	$-9,296	$13,297	-1.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKSON BARBER	STUDENT REP.	1.00	Director	$0	$0	$0
PIPER BARNEY	STUDENT REP.	1.00	Director	$0	$0	$0
SHELLY BERG	DIRECTOR	1.00	Director	$0	$0	$0
LISA BERGH	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE BOELTER	SUPERINTENDE	1.00	Director	$0	$0	$0
KRISTINA LABRIE	DIRECTOR	1.00	Director	$0	$0	$0
CHLOE LIEN	DIRECTOR	1.00	Director	$0	$0	$0
COLE LIESER	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN NELSON	SCHOOL BOARD	1.00	Director	$0	$0	$0
CHAD POWERS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SAM WEBER	SECRETARY	1.00	Officer Director	$0	$0	$0
ANN WINGE-JOHNSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MEGAN NORGREN	EXECUTIVE DI	10.00	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
2024	$135,439	$144,735	$683,135	$-9,296
2023	$55,840	$42,543	$630,234	$13,297
2022	$37,829	$31,832	$550,303	$5,997
2021	$63,082	$34,150	$638,195	$28,932
2020	$15,195	$33,675	$545,722	$-18,480
2019	$242,065	$46,282	$523,203	$195,783
2018	$185,101	$24,855	$273,305	$160,246

NEW LONDON-SPICER EDUCATIONAL FOUNDATION