FUTURE SCHOOL OF FORT SMITH (EIN 473952660) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer

MITCHELL BOYD LOGAN

Tax Period

2023-07-01 to 2024-06-30

FUTURE SCHOOL OF FORT SMITH is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2017. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE SCHOOL PROVIDES A PERSONALIZED APPROACH TO LEARNING VIA STUDENT-DESIGNED INTERNSHIPS AND PERSONALIZED LEARNING PLANS. SERVING GRADES 10-12.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,218,638

Program Service Revenue $136,230

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,354,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,314,370

Fundraising Expenses $0

Program Expenses $3,419,589

Other Expenses $1,105,219

TOTAL EXPENSES $3,419,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,354,868	$3,284,545	+0.0%
Expenses	$3,419,589	$3,439,019	0.0%
Net Income	$-64,721	$-154,474	-0.6%

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

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

$130,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE CLARK	BOARD MEMBER	1	Director	$0	$0	$0
BRANDON COX	TREASURER	1	Director	$0	$0	$0
CRYSTAL LOUGIN	VICE PRESIDENT	1	Director	$0	$0	$0
SUSAN PRUITT	PRESIDENT	1	Director	$0	$0	$0
GRIFFIN HANNAH	MEMBER	1	Director	$0	$0	$0
CLAIRE KOLBERG	MEMBER	1	Director	$0	$0	$0
M BOYD LOGAN	SUPERINTENDENT	40	Key Emp	$130,000	$0	$130,000

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	$3,354,868	$3,419,589	$1,332,790	$-64,721
2023	$3,284,545	$3,439,019	$1,493,456	$-154,474
2022	$3,276,611	$3,208,230	$1,739,478	$68,381
2021	$4,389,063	$4,415,432	$1,489,476	$-26,369
2020	$3,313,525	$2,219,737	$1,521,968	$1,093,788
2019	$2,248,978	$2,016,351	$437,587	$232,627
2018	$1,385,606	$1,376,462	$222,713	$9,144

FUTURE SCHOOL OF FORT SMITH