SPECTRUM SCHOOL (EIN 362747236) - 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

1974

Legal Domicile

Principal Officer

Melissa Prete

Phone

8158771600

Tax Period

2022-07-01 to 2023-06-30

SPECTRUM SCHOOL, founded in 1974, is a small nonprofit in the Education sector that reported $889K in total revenue in fiscal year 2022. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $162K, a strong 18% operating margin.

Mission

Educate children in grades K-8

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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 (2022)

Revenue Breakdown

Contributions & Grants $367,818

Program Service Revenue $519,309

Investment Income $198

Other Revenue $1,983

TOTAL REVENUE $889,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $480,311

Fundraising Expenses $17,697

Program Expenses $427,527

Other Expenses $247,298

TOTAL EXPENSES $727,609

Year-over-Year Comparison

	2022	2021	Change
Revenue	$889,308	$669,367	+0.3%
Expenses	$727,609	$701,366	+0.0%
Net Income	$161,699	$-31,999	-6.1%

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

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

$70,975

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Mertzenich	President	1.50	Officer	$0	$0	$0
Mary Beth Cunat	Principal	40.00	Key Emp	$70,975	$0	$70,975
Charles Barnes	Director	1.50	Director	$0	$0	$0
Melissa Prete	Director	1.50	Director	$0	$0	$0
Dave Diamond	Past President	1.50	Officer	$0	$0	$0
Beverly Broyles	Secretary	1.50	Officer Director	$0	$0	$0
Carole Carbone	Director	1.50	Director	$0	$0	$0
Dave DeCastris	Director	1.50	Director	$0	$0	$0
William Gannon	Director	1.50	Director	$0	$0	$0
Jennifer Johnson	Director	1.50	Director	$0	$0	$0
Edmond Mertzenich	Treasurer	1.50	Officer	$0	$0	$0
Alan Robinson	Vice President	1.50	Officer	$0	$0	$0
Ben Slack	Director	1.50	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$889,308	$727,609	$389,559	$161,699
2022	$669,367	$701,366	$261,628	$-31,999
2021	$770,174	$702,541	$289,307	$67,633
2020	$641,897	$637,847	$170,195	$4,050
2019	$612,132	$680,430	$97,613	$-68,298
2018	$672,685	$673,852	$155,006	$-1,167

SPECTRUM SCHOOL