SPRING LAKE PUBLIC SCHOOLS FOUNDATION (EIN 382480733) - 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

1983

Legal Domicile

Phone

6168477919

Tax Period

2024-09-01 to 2025-08-31

SPRING LAKE PUBLIC SCHOOLS FOUNDATION, founded in 1983, is a small nonprofit that reported $184K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $163K left a modest 12% surplus.

Mission

TO FUND INNOVATIVE CURRICULAR PROGRAMS THAT PROMOTE ACADEMIC EXCELLENCE AND ENGAGE OUR STUDENTS.

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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 $183,981

Program Service Revenue $0

Investment Income $2,090

Other Revenue $-1,945

TOTAL REVENUE $184,126

Expense Breakdown

Grants Paid $95,362

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,300

Other Expenses $67,503

TOTAL EXPENSES $162,865

Year-over-Year Comparison

	2024	2023	Change
Revenue	$184,126	$211,739	-0.1%
Expenses	$162,865	$208,039	-0.2%
Net Income	$21,261	$3,700	+4.7%

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

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
JULIANNE SCHAAL	President	2.00	Officer Director	$0	$0	$0
ZACH KOHLEY	Vice President	2.00	Officer Director	$0	$0	$0
JOSH DATTE	Treasurer	2.00	Officer Director	$0	$0	$0
AMBER BOLHUIS	Secretary	2.00	Officer Director	$0	$0	$0
KRISTIE STEPHENSON	President	2.00	Officer Director	$0	$0	$0
SANDRA POPE	Director	1.00	Director	$0	$0	$0
MATT PALMER	Director	1.00	Director	$0	$0	$0
MEAGAN GASSMAN	Director	1.00	Director	$0	$0	$0
AMY DAHL	Director	1.00	Director	$0	$0	$0
TARAH OKARSKI	Director	1.00	Director	$0	$0	$0
ASHLEY MCCORMICK	Director	1.00	Director	$0	$0	$0
SABINE JOHNSON	Director	1.00	Director	$0	$0	$0
LINDSAY COUSINEAU	Director	1.00	Director	$0	$0	$0
DUSTIN BROWN	Director	1.00	Director	$0	$0	$0
JAN ENNIS	Director	1.00	Director	$0	$0	$0
KIM MCLAUGHLIN	Director	1.00	Director	$0	$0	$0
DENNIS FURTON	Director	1.00	Director	$0	$0	$0
GARTH TRASK	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	$184,126	$162,865	$131,968	$21,261
2024	$211,739	$208,039	$110,707	$3,700
2023	$152,317	$132,601	$107,007	$19,716
2022	$183,653	$193,407	$87,291	$-9,754
2019	$213,650	$123,039	$132,182	$90,611

SPRING LAKE PUBLIC SCHOOLS FOUNDATION