SPENCER COMMUNITY SCHOOL FOUNDATION (EIN 421306327) - 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

SHELLY HELMINK

Phone

7122628950

Tax Period

2023-07-01 to 2024-06-30

SPENCER COMMUNITY SCHOOL FOUNDATION, founded in 1987, is a small nonprofit in the Education sector that reported $274K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Net assets of $2.3M represent 99 months of operating reserves.

Mission

TO PROVIDE ENHANCED LEARNING OPPORTUNITIES NOT PROVIDED FOR IN THE SCHOOL DISTRICT BUDGET FOR TEACHERS, STAFF AND 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 (2023)

Revenue Breakdown

Contributions & Grants $138,887

Program Service Revenue $0

Investment Income $134,787

Other Revenue $391

TOTAL REVENUE $274,065

Expense Breakdown

Grants Paid $250,891

Salaries & Benefits $30,682

Fundraising Expenses $0

Program Expenses $250,891

Other Expenses $10,311

TOTAL EXPENSES $291,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$274,065	$444,277	-0.4%
Expenses	$291,884	$234,551	+0.2%
Net Income	$-17,819	$209,726	-1.1%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLY HELMINK	President	2.00	Officer Director	$0	$0	$0
BREA SCHMIDT	Vice President	2.00	Officer Director	$0	$0	$0
MICHAEL BRYAN	Treasurer	3.00	Officer Director	$0	$0	$0
TERRY HEMANN	SUPERINTENDENT	1.00	Director	$0	$0	$0
ROBERT WHITTENBURG	Secretary	2.00	Officer Director	$0	$0	$0
STEVE BOMGAARS	Director	1.00	Director	$0	$0	$0
ANNE JOHNSON	Director	1.00	Director	$0	$0	$0
EMILY GROSS	Director	1.00	Director	$0	$0	$0
SUSAN HARMAN	Director	1.00	Director	$0	$0	$0
WES SIMPSON	Director	1.00	Director	$0	$0	$0
NANCY NAEVE	Director	1.00	Director	$0	$0	$0
BRANDON ZIMMERMANN	Director	1.00	Director	$0	$0	$0
JILL DAVIS	Director	1.00	Director	$0	$0	$0
MIKE KOENECKE	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	No data	No data	No data	No data
2024	$274,065	$291,884	$2,261,559	$-17,819
2023	$444,277	$234,551	$2,279,493	$209,726
2022	$226,177	$225,638	$2,070,082	$539
2021	$329,493	$300,214	$2,069,540	$29,279
2020	$302,637	$217,807	$2,040,011	$84,830
2019	$203,627	$168,911	$1,955,112	$34,716

SPENCER COMMUNITY SCHOOL FOUNDATION