Spencer-Penn School Preservation Organization Inc (EIN 270108974) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

Tiffanie Hairston

Phone

2769575757

Tax Period

2023-01-01 to 2023-12-31

Spencer-Penn School Preservation Organization Inc, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $209K in total revenue in fiscal year 2018. Revenue decreased 15% compared to the prior year. Expenses of $184K left a modest 12% surplus.

Mission

The primary objective of the organization is to preserve the structure, facilities, artifacts and historical facts of the Spencer-Penn school in order to provide a

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $44,605

Program Service Revenue $12,452

Investment Income $17

Other Revenue $159,263

TOTAL REVENUE $216,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,209

Fundraising Expenses $5,029

Program Expenses $220,985

Other Expenses $141,517

TOTAL EXPENSES $253,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$216,337	$153,175	+0.4%
Expenses	$253,726	$252,053	+0.0%
Net Income	$-37,389	$-98,878	-0.6%

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

100

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

$46,700

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Sabin	Executive Director	40.00	Key Emp	$46,700	$0	$46,700
Matthew Duffy	President	3.00	Officer Director	$0	$0	$0
Lillian Holland	Director	3.00	Director	$0	$0	$0
Michael Bradshaw	Vice President	3.00	Director	$0	$0	$0
Erica James	Director	3.00	Director	$0	$0	$0
Harrison Toms	Director	3.00	Director	$0	$0	$0
W C Fowlkes	Director	3.00	Director	$0	$0	$0
Tiffanie Hairston	Treasurer	3.00	Officer Director	$0	$0	$0
Marla Perry	Secretary	3.00	Officer Director	$0	$0	$0
Kim Tatum	Director	3.00	Director	$0	$0	$0
Barry Scott	Director	3.00	Director	$0	$0	$0
Christopher McDonald	Director	3.00	Director	$0	$0	$0
Ryan Mize	Director	3.00	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	No data	No data	No data	No data
2023	$216,337	$253,726	$938,101	$-37,389
2022	$153,175	$252,053	$1,020,521	$-98,878
2021	$237,501	$225,972	$1,156,382	$11,529
2020	$161,830	$219,446	$1,193,497	$-57,616
2019	$266,493	$249,668	$1,195,824	$16,825
2018	$209,476	$183,536	$1,208,504	$25,940

Spencer-Penn School Preservation Organization Inc