SOUTH SPENCER SCHOLARSHIP FOUNDATION (EIN 351595445) - 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

1987

Legal Domicile

Principal Officer

JOHN M OBERMEIER

Phone

8126860179

Tax Period

2025-01-01 to 2025-12-31

SOUTH SPENCER SCHOLARSHIP FOUNDATION, founded in 1987, is a small nonprofit that reported $131K in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $71K, a strong 54% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO SENIORS AND FORMER GRADUATES OF SOUTH SPENCER HIGH SCHOOL, ROCKPORT, IN.

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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 (2025)

Revenue Breakdown

Contributions & Grants $62,971

Program Service Revenue $0

Investment Income $68,464

Other Revenue $0

TOTAL REVENUE $131,435

Expense Breakdown

Grants Paid $59,248

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,887

Other Expenses $1,514

TOTAL EXPENSES $60,762

Year-over-Year Comparison

	2025	2024	Change
Revenue	$131,435	$110,804	+0.2%
Expenses	$60,762	$80,645	-0.2%
Net Income	$70,673	$30,159	+1.3%

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

N/A

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
JANE BOULTINGHOUSE	BOARD MEMBER	001.00	Director	$0	$0	$0
BLAKE BUNNER	BOARD MEMBER	001.00	Director	$0	$0	$0
JIM BUSH	BOARD MEMBER	001.00	Director	$0	$0	$0
LORI HERMANN	BOARD MEMBER	001.00	Director	$0	$0	$0
DON SCHULTE	BOARD MEMBER	001.00	Director	$0	$0	$0
KERMIT LINDSEY	BOARD MEMBER	001.00	Director	$0	$0	$0
JEFF ROBERTS	BOARD MEMBER	001.00	Director	$0	$0	$0
CEVIN COLLINS	BOARD MEMBER	001.00	Director	$0	$0	$0
MICHAEL WOOD	BOARD MEMBER	001.00	Director	$0	$0	$0
BRAD SCHNEIDER	BOARD MEMBER	001.00	Director	$0	$0	$0
JOHN MICHAEL OBERMEIER	PRESIDENT	001.00	Officer	$0	$0	$0
MATTHEW BENTON	BOARD MEMBER	001.00	Officer	$0	$0	$0
ROBERT ARNOLD	CO-TREASURER	001.00	Officer	$0	$0	$0
RHONDA RAMSEY	CO-TREASURER	001.00	Officer	$0	$0	$0
KELLI FRUEGER	SECRETARY	001.00	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
2025	$131,435	$60,762	$1,206,737	$70,673
2024	$110,804	$80,645	$1,057,746	$30,159
2023	$60,518	$58,091	$1,005,680	$2,427
2022	$56,766	$68,266	$850,558	$-11,500
2021	$239,279	$55,188	$1,063,865	$184,091
2020	$60,276	$2,339	$879,774	$57,937
2019	$97,296	$26,579	$821,837	$70,717
2018	$83,519	$63,988	$751,120	$19,531

SOUTH SPENCER SCHOLARSHIP FOUNDATION