FRIENDS OF SPRINGFIELD PREPARATORY CHARTER SCHOOL INC (EIN 464391150) - 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

2013

Legal Domicile

Principal Officer

WILLIAM SPIRER

Phone

4132312722

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF SPRINGFIELD PREPARATORY CHARTER SCHOOL INC, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $963K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $289K, a strong 30% operating margin.

Mission

THE FRIENDS OF SPRINGFIELD PREPARATORY CHARTER SCHOOL ("THE FRIENDS OF SPCS") IS A CHARITABLE ORGANIZATION THAT RAISES FUNDS TO SUPPORT THE SUCCESS OF SPRINGFIELD PREPARATORY CHARTER SCHOOL ("SPRINGFIELD PREP").

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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 $448,812

Program Service Revenue $492,615

Investment Income $21,364

Other Revenue $0

TOTAL REVENUE $962,791

Expense Breakdown

Grants Paid $275,794

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $643,107

Other Expenses $397,527

TOTAL EXPENSES $673,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$962,791	$728,583	+0.3%
Expenses	$673,321	$615,070	+0.1%
Net Income	$289,470	$113,513	+1.6%

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

$150,999

Total Directors

$150,999

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SPIRER	PRESIDENT	5.00	Officer Director	$0	$1,219	$150,999
JEAN CALLAN	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER GABRIEL	CLERK	1.00	Officer Director	$0	$0	$0
AIMEE BOUCHARD	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA WALKER	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN OLEJARZ	DIRECTOR (UNTIL 8/2024)	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	$962,791	$673,321	$16,282,391	$289,470
2024	$728,583	$615,070	$16,372,444	$113,513
2023	$758,473	$437,611	$16,635,431	$320,862
2022	$575,633	$382,708	$16,646,897	$192,925
2021	$874,595	$1,428,040	$13,385,567	$-553,445
2020	$2,218,645	$506,435	$7,034,996	$1,712,210

FRIENDS OF SPRINGFIELD PREPARATORY CHARTER SCHOOL INC