Spirit of 67 Foundation (EIN 363452385) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

Courtney Turner

Phone

8476156056

Tax Period

2023-07-01 to 2024-06-30

Spirit of 67 Foundation, founded in 1986, is a small nonprofit in the Education sector that reported $288K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $494K exceeded revenue, resulting in a 72% operating deficit.

Mission

To raise funds acquire resources to provide enriching educational cultural experiences for students, parents, faculty staff of Lake Forest School District 67.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $278,137

Program Service Revenue $0

Investment Income $842

Other Revenue $9,008

TOTAL REVENUE $287,987

Expense Breakdown

Grants Paid $455,248

Salaries & Benefits $0

Fundraising Expenses $2,073

Program Expenses $457,665

Other Expenses $39,225

TOTAL EXPENSES $494,473

Year-over-Year Comparison

	2023	2022	Change
Revenue	$287,987	$345,065	-0.2%
Expenses	$494,473	$214,201	+1.3%
Net Income	$-206,486	$130,864	-2.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Courtney Turner	President	000.50	Officer Director	$0	$0	$0
Vanessa Nowlin	VP Grants	000.50	Officer Director	$0	$0	$0
Kaci Spirito	VP Donors Relations	000.50	Officer Director	$0	$0	$0
Stephanie Knauff	VP Fundraising	000.50	Officer Director	$0	$0	$0
Kristen Carruthers	VP Special Events	000.50	Officer Director	$0	$0	$0
Betsy Miller	Secretary	000.50	Officer Director	$0	$0	$0
Cathy Ramsay	Treasurer	000.50	Officer Director	$0	$0	$0
Katherine Hensley	VP Communications	000.50	Officer Director	$0	$0	$0
Kristen Adamo	Director	000.50	Director	$0	$0	$0
Jennifer Adams	Director	000.50	Director	$0	$0	$0
Linda Hall	Director	000.50	Director	$0	$0	$0
Meredith Norman	Director	000.50	Director	$0	$0	$0
Brenda Murray	Director	000.50	Director	$0	$0	$0
Elizabeth Martin	Director	000.50	Director	$0	$0	$0
Annalisa Soukup	Director	000.50	Director	$0	$0	$0
Lacey Lamy	Director	000.50	Director	$0	$0	$0
Kelly Cohen	Director	000.50	Director	$0	$0	$0
Jamie Crouch	Director	000.50	Director	$0	$0	$0
Veronica DeNicolo	Director	000.50	Director	$0	$0	$0
Katie Wilson	Director	000.50	Director	$0	$0	$0
Erica Lumpp	Director	000.50	Director	$0	$0	$0
Jen Fiocco	Director	000.50	Director	$0	$0	$0
Heather Gaspar	Director	000.50	Director	$0	$0	$0
Gillian Goodfriend	Director	000.50	Director	$0	$0	$0
Noel Dolan	Director	000.50	Director	$0	$0	$0
Kathy Machak	Director	000.50	Director	$0	$0	$0
Ann Kiesling	Director	000.50	Director	$0	$0	$0
Lyndsay Murphree	Director	000.50	Director	$0	$0	$0
Jeanne Lindquist	Director	000.50	Director	$0	$0	$0
Sarah Maraccini	Director	000.50	Director	$0	$0	$0
Melinda MIller	Director	000.50	Director	$0	$0	$0
Natalie Windle	Director	000.50	Director	$0	$0	$0
Melanie Manning	Director	000.50	Director	$0	$0	$0
Anna O'Conner	Director	000.50	Director	$0	$0	$0
Paige Newhouse	Director	000.50	Director	$0	$0	$0
Mia Gregor	Director	000.50	Director	$0	$0	$0
Jennifer Akemann	Director	000.50	Director	$0	$0	$0
Gisela Orestano	Director	000.50	Director	$0	$0	$0
Melissa Thoman	Director	000.50	Director	$0	$0	$0
Lexee Rascia	Director	000.50	Director	$0	$0	$0
Katie Keating	Director	000.50	Director	$0	$0	$0
Rasmey Picek	Director	000.50	Director	$0	$0	$0
Samantha Trace	Director	000.50	Director	$0	$0	$0
Stephanie Bell	Director	000.50	Director	$0	$0	$0
Heather Kiely	Director	000.50	Director	$0	$0	$0
Carolyn Hutchinson	Nominating Committee Chair	000.50	Officer 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	$287,987	$494,473	$624,881	$-206,486
2023	$345,065	$214,201	$827,707	$130,864
2022	$335,233	$126,278	$703,747	$208,955
2021	$233,896	$402,985	$483,408	$-169,089
2020	$257,832	$179,025	$663,663	$78,807
2019	$294,834	$295,565	$571,050	$-731
2018	$260,942	$460,129	$496,007	$-199,187

Spirit of 67 Foundation