THE SPAULDING HIGH SCHOOL SCHOLARSHIP TRUST

EIN: 476752253 501(c)(3) Education

BARRE, VT

Total Revenue
$1,424,315
Total Expenses
$314,082
Total Assets
$8,149,404
Net Assets
$8,149,404
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
VT
Principal Officer
DAVID LACROIX
Phone
8025055893
Tax Period
2025-01-01 to 2025-12-31

THE SPAULDING HIGH SCHOOL SCHOLARSHIP TRUST, founded in 2015, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2025. Revenue surged 661% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 78% operating margin.

Mission

TO HOLD, MANAGE, ADMINISTER AND DISTRIBUTE SCHOLARSHIP FUNDS TO BENEFIT STUDENTS GRADUATING FROM SPAULDING HIGH SCHOOL (BARRE, VERMONT).

Program Service Accomplishments

Program 1
Expenses: $290,043 Revenue: $0

IN COOPERATION WITH THE RESPONSIBLE PARTIES FROM SPAULDING HIGH SCHOOL, THE TRUST PROVIDED SCHOLARSHIPS TO GRADUATING STUDENTS TO ATTEND VARIOUS POST-SECONDARY EDUCATIONAL INSTITUTIONS

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,091,039
Program Service Revenue $0
Investment Income $333,151
Other Revenue $125
TOTAL REVENUE $1,424,315

Expense Breakdown

Grants Paid $290,043
Salaries & Benefits $6,800
Fundraising Expenses $0
Program Expenses $290,043
Other Expenses $17,239
TOTAL EXPENSES $314,082

Year-over-Year Comparison

2025 2024 Change
Revenue $1,424,315 $187,214 +6.6%
Expenses $314,082 $308,066 +0.0%
Net Income $1,110,233 $-120,852 -10.2%
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

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Governance

Voting Members
6
Independent Members
6
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
4
$3,200
Total Directors
2
$3,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID LACROIX CHAIR 5.00
Officer
$800 $0 $800
PAUL MALONE RECORDING SECTRETARY 5.00
Officer
$800 $0 $800
LYNN GUY TREASURER 2.00
Officer
$800 $0 $800
SUSAN POCZOBUT SECRETARY 2.00
Officer
$800 $0 $800
NORMA MALONE VICE CHAIR 5.00
Director
$2,800 $0 $2,800
MIKE DAVIS DIRECTOR 2.00
Director
$800 $0 $800
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 $1,424,315 $314,082 $8,149,404 $1,110,233
2024 $187,214 $308,066 $6,574,769 $-120,852
2023 $230,364 $282,175 $6,093,342 $-51,811
2022 $623,072 $338,575 $5,251,659 $284,497
2021 $427,522 $286,569 $6,240,024 $140,953
2020 $-682,026 $275,495 $5,670,559 $-957,521
2019 $119,909 $304,826 $5,728,094 $-184,917
2018 $287,972 $291,658 $5,036,456 $-3,686
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