The Sparhawk Foundation Inc (EIN 475112301) - 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

2015

Legal Domicile

Principal Officer

Timothy Casey

Phone

6177274295

Tax Period

2024-07-01 to 2025-06-30

The Sparhawk Foundation Inc, founded in 2015, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $478K, a strong 16% operating margin.

Mission

The Mill Brook School will operate a school for boys in grades 3-8 operating under the name of Sparhawk Academy.

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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 $1,547,463

Program Service Revenue $1,457,356

Investment Income $906

Other Revenue $27,185

TOTAL REVENUE $3,032,910

Expense Breakdown

Grants Paid $257,178

Salaries & Benefits $1,672,608

Fundraising Expenses $23,160

Program Expenses $2,424,782

Other Expenses $625,447

TOTAL EXPENSES $2,555,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,032,910	$3,335,398	-0.1%
Expenses	$2,555,233	$2,458,618	+0.0%
Net Income	$477,677	$876,780	-0.5%

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

$226,564

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Casey	Chair	5.00	Officer Director	$0	$0	$0
Joseph Schirripa	Treasurer	5.00	Officer Director	$0	$0	$0
Brandon Farr	Secretary	5.00	Officer Director	$0	$0	$0
Robert Sylvain	Trustee	1.00	Director	$0	$0	$0
Joseph Billmeier	Trustee	1.00	Director	$0	$0	$0
Alex Silva	Trustee	1.00	Director	$0	$0	$0
Dave Reilly	Clerk	1.00	Officer Director	$0	$0	$0
Carol Cleary	Trustee	1.00	Director	$0	$0	$0
Abby Wells	Trustee	1.00	Director	$0	$0	$0
Michael Schell	Head of School	40.00	Key Emp	$193,110	$33,454	$226,564

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	$3,032,910	$2,555,233	$4,861,747	$477,677
2024	No data	No data	No data	No data
2023	$1,850,920	$2,051,848	$4,530,834	$-200,928
2022	$1,843,536	$1,440,109	$4,522,954	$403,427
2021	$2,235,690	$1,200,244	$3,823,884	$1,035,446
2020	$1,085,876	$1,057,989	$2,809,099	$27,887
2019	$1,030,012	$895,462	$2,639,793	$134,550
2018	$404,575	$221,035	$2,466,227	$183,540

The Sparhawk Foundation Inc