SPARTA EDUCATION FOUNDATION (A NJ NONPROFIT CORPORATION) (EIN 205020824) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

JILLIAN PALLESCHI

Phone

8009057331

Tax Period

2024-01-01 to 2024-12-31

SPARTA EDUCATION FOUNDATION (A NJ NONPROFIT CORPORATION), founded in 2006, is a small nonprofit in the Education sector that reported $128K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $53K, a strong 42% operating margin.

Mission

TO GENERATE ADDITIONAL SOURCES OF REVENUE FOR EDUCATIONAL PROGRAMS AND SERVICES THAT ENHANCE THE CURRICULUM AND LEARNING ENVIRONMENT FOR THE SPARTA TOWNSHIP PUBLIC SCHOOLS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,342

Program Service Revenue $0

Investment Income $35

Other Revenue $126,863

TOTAL REVENUE $128,240

Expense Breakdown

Grants Paid $59,857

Salaries & Benefits $0

Fundraising Expenses $2,065

Program Expenses $59,857

Other Expenses $14,901

TOTAL EXPENSES $74,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,240	$117,564	+0.1%
Expenses	$74,758	$177,381	-0.6%
Net Income	$53,482	$-59,817	-1.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
HEATHER EGLI	PRESIDENT	15.00	Officer Director	$0	$0	$0
JILL PALLESCHI	VICE PRESIDENT AND ACTING	15.00	Officer Director	$0	$0	$0
KIMBERLY NOEL	SECRETARY	15.00	Officer Director	$0	$0	$0
PAMELA MILLER	TRUSTEE	5.00	Director	$0	$0	$0
MEGHAN JENT	TRUSTEE	5.00	Director	$0	$0	$0
HEIDI BYRNE	TRUSTEE	5.00	Director	$0	$0	$0
LISA MORANO	TRUSTEE	5.00	Director	$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	$128,240	$74,758	$222,756	$53,482
2023	$117,564	$177,381	$169,274	$-59,817
2022	$122,206	$94,511	$229,091	$27,695
2021	$89,305	$27,397	$201,396	$61,908
2020	$41,364	$77,074	$139,488	$-35,710
2019	$116,454	$58,592	$175,198	$57,862
2018	$118,511	$139,593	$117,336	$-21,082

SPARTA EDUCATION FOUNDATION (A NJ NONPROFIT CORPORATION)