ARIZONA PRIVATE SCHOOL TUITION ORGANIZATION APSTO INC (EIN 473027793) - 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

Principal Officer

Michael Allen

Phone

4802561001

Tax Period

2023-07-01 to 2024-06-30

ARIZONA PRIVATE SCHOOL TUITION ORGANIZATION APSTO INC is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $439K, a strong 30% operating margin.

Mission

PROVIDE SCHOLARSHIPS FOR K-12 TO ATTEND PRIVATE SCHOOLS.

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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 $1,430,967

Program Service Revenue $0

Investment Income $32,000

Other Revenue $18,238

TOTAL REVENUE $1,481,205

Expense Breakdown

Grants Paid $798,291

Salaries & Benefits $145,947

Fundraising Expenses $49,208

Program Expenses $810,216

Other Expenses $98,425

TOTAL EXPENSES $1,042,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,481,205	$998,691	+0.5%
Expenses	$1,042,663	$765,228	+0.4%
Net Income	$438,542	$233,463	+0.9%

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

N/A

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
Michael Allen	President	40.00	Officer Director	$0	$0	$0
KAREN BLANDINI	Director	40.00	Director	$0	$0	$0
JIM MILLER	Director	1.00	Director	$0	$0	$0
RANDY MCCASKILL	Secretary	1.00	Officer Director	$0	$0	$0
CHRIS MENAPACE	Director	1.00	Director	$0	$0	$0
DORINA WILSON	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	$1,481,205	$1,042,663	$1,230,085	$438,542
2023	$998,691	$765,228	$738,387	$233,463
2022	$1,054,976	$1,331,923	$514,924	$-276,947
2021	$1,969,698	$1,352,373	$785,021	$617,325
2019	$697,429	$550,788	$196,690	$146,641

ARIZONA PRIVATE SCHOOL TUITION ORGANIZATION APSTO INC