SPENCERTOWN ACADEMY SOCIETY (EIN 237208879) - 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

1972

Legal Domicile

Principal Officer

JO-ANNE WILLIAMS BILOTTI

Phone

5183923693

Tax Period

2024-01-01 to 2024-12-31

SPENCERTOWN ACADEMY SOCIETY, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $303K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $1.2M represent 47 months of operating reserves.

Mission

SPENCERTOWN ACADEMY SOCIETY IS AN IMPORTANT CULTURAL CENTER THAT PRESENTS A VARIETY OF FREE AND LOW COST COMMUNITY EVENTS TO THE LOCAL AREA.

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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 $163,613

Program Service Revenue $54,965

Investment Income $142

Other Revenue $84,730

TOTAL REVENUE $303,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,440

Fundraising Expenses $50,481

Program Expenses $162,577

Other Expenses $243,464

TOTAL EXPENSES $296,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,450	$259,460	+0.2%
Expenses	$296,904	$224,339	+0.3%
Net Income	$6,546	$35,121	-0.8%

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

220

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
NICK VAN ALSTINE	PRESIDENT	10.00	Officer Director	$0	$0	$0
MADALINE SPARKS	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
JO-ANNE WILLIAMS	TREASURER	6.00	Officer Director	$0	$0	$0
JILL KALOTAY	SECRETARY	18.00	Officer Director	$0	$0	$0
WAYNE GREENE	BOARD MEMBER	20.00	Director	$0	$0	$0
LUCINDA ATKINS	BOARD MEMBER	10.00	Director	$0	$0	$0
CHARLES BAUM	BOARD MEMBER	10.00	Director	$0	$0	$0
DAVID CUDABACK	BOARD MEMBER	5.00	Director	$0	$0	$0
LISA BOUCHARD HOE	BOARD MEMBER	8.00	Director	$0	$0	$0
JUDITH CHOATE	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID HIGHFILL	BOARD MEMBER	6.00	Director	$0	$0	$0
CAROL ESSERT	BOARD MEMBER	3.00	Director	$0	$0	$0
PHYLLIS DIAMOND	BOARD MEMBER	4.00	Director	$0	$0	$0
TALY LOURIA HAHN	BOARD MEMBER	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	$303,450	$296,904	$1,178,927	$6,546
2023	$259,460	$224,339	$1,102,484	$35,121
2022	$246,988	$230,406	$929,313	$16,582
2021	$210,266	$132,100	$917,035	$78,166
2020	$249,368	$131,450	$824,771	$117,918
2019	$242,974	$201,586	$698,341	$41,388
2018	$380,695	$176,769	$649,654	$203,926

SPENCERTOWN ACADEMY SOCIETY