Springport Area Foundation for Education (EIN 260076109) - 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

2004

Legal Domicile

Principal Officer

Steven Reule

Phone

5178573100

Tax Period

2024-07-01 to 2025-06-30

Springport Area Foundation for Education, founded in 2004, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $73K in total revenue in fiscal year 2024. Expenses of $64K left a modest 13% surplus.

Mission

Provide college scholarships for Springport graduates

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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 $25,383

Program Service Revenue $0

Investment Income $45,089

Other Revenue $2,707

TOTAL REVENUE $73,179

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,000

Other Expenses $3,594

TOTAL EXPENSES $63,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,179	$75,519	0.0%
Expenses	$63,594	$59,856	+0.1%
Net Income	$9,585	$15,663	-0.4%

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

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
Roland Pakonen	Treasurer	2.00	Officer Director	$0	$0	$0
Steven Reule	Chairman	1.00	Officer Director	$0	$0	$0
Janet Beilfuss	Director	1.00	Director	$0	$0	$0
Jason Bartley	Director	1.00	Director	$0	$0	$0
Tom Betz	Director	1.00	Director	$0	$0	$0
Katelyn Raymond	Director	1.00	Director	$0	$0	$0
Joni Ledvina	Director	1.00	Director	$0	$0	$0
John Lincer	Director	1.00	Director	$0	$0	$0
Wendy Lake	Director	1.00	Director	$0	$0	$0
Amanda Ewers	Director	1.00	Director	$0	$0	$0
Korey Bradley	Director	1.00	Director	$0	$0	$0
Brandy Neelis	Director	1.00	Director	$0	$0	$0
Jason Humphrey	Director	1.00	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
2025	$73,179	$63,594	$1,276,798	$9,585
2024	$75,519	$59,856	$1,191,529	$15,663
2023	$85,602	$38,956	$1,085,891	$46,646
2022	$159,389	$64,845	$1,051,659	$94,544
2021	$64,360	$27,622	$931,878	$36,738
2020	$47,178	$35,428	$737,207	$11,750
2019	$94,993	$36,234	$718,134	$58,759

Springport Area Foundation for Education