SPARTA EDUCATION FOUNDATION

EIN: 383012934 501(c)(3) Religion

SPARTA, MI

Total Revenue
$134,889
Total Expenses
$83,402
Total Assets
$1,119,319
Net Assets
$1,119,319
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MI
Principal Officer
LEANN KITSON
Phone
6168878253
Tax Period
2024-07-01 to 2025-06-30

SPARTA EDUCATION FOUNDATION, founded in 1991, is a small nonprofit in the Religion sector that reported $135K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $51K, a strong 38% operating margin.

Mission

SPARTA EDUCATION FOUNDATION EXISTS TO PROVIDE THE EXTRAS FOR EDUCATION TO SPARTA AREA SCHOOLS TEACHERS AND CLASSROOMS. WE RECEIVE REQUESTS FROM TEACHERS FOR THINGS LIKE READING, SENSORY SKILL BUILDING, THEATRE AND CULTURAL EVENTS THAT THE SCHOOLS STATE FUNDING CANNOT PROVIDE.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $92,906
Program Service Revenue $0
Investment Income $38,218
Other Revenue $3,765
TOTAL REVENUE $134,889

Expense Breakdown

Grants Paid $51,941
Salaries & Benefits $0
Fundraising Expenses $1,270
Program Expenses $62,767
Other Expenses $31,461
TOTAL EXPENSES $83,402

Year-over-Year Comparison

2024 2023 Change
Revenue $134,889 $151,328 -0.1%
Expenses $83,402 $71,642 +0.2%
Net Income $51,487 $79,686 -0.4%
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

Sign In

Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
20

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUE LAMPEN TRUSTEE 4.00
Director
$0 $0 $0
ERIN BORMES TRUSTEE 4.00
Director
$0 $0 $0
KRISTI ARMOCK TRUSTEE 4.00
Director
$0 $0 $0
JULIE ANDERSON TRUSTEE 2.00
Director
$0 $0 $0
JENNIFER BALDINI TRUSTEE 4.00
Director
$0 $0 $0
MICHELLE ALSTER TRUSTEE 4.00
Director
$0 $0 $0
SARAH RICHMOND TRUSTEE 4.00
Director
$0 $0 $0
CHRIS HOOVER TRUSTEE 4.00
Director
$0 $0 $0
STACY HELSEL TRUSTEE 2.00
Director
$0 $0 $0
ROXANNE CLAXTON TRUSTEE 2.00
Director
$0 $0 $0
ROBERT SHIRADO TRUSTEE 4.00
Director
$0 $0 $0
LEANN KITSON PRESIDENT 4.00
Officer
$0 $0 $0
JAMES KIRBY VICE-PRESIDENT 4.00
Officer
$0 $0 $0
SUE BLACKALL SECRETARY 4.00
Officer
$0 $0 $0
PATTY VANDERWALL TREASURER 4.00
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 $134,889 $83,402 $1,119,319 $51,487
2024 $151,328 $71,642 $1,004,727 $79,686
2023 $59,235 $69,642 $820,453 $-10,407
2022 $95,946 $52,150 $795,392 $43,796
2021 $80,503 $40,705 $694,119 $39,798
2020 $90,218 $47,170 $654,321 $43,048
2019 $64,072 $47,058 $609,908 $17,014
2018 $132,668 $53,653 $592,894 $79,015
Explore More Nonprofits
Top 100 Nonprofits in Michigan Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare SPARTA EDUCATION FOUNDATION with other nonprofits in Michigan and across the country.