SPIRO SCHOOL FOUNDATION FOR EDUCAT… - Form 990 Financial Data

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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

1991

Legal Domicile

Phone

9189622401

Tax Period

2023-01-01 to 2023-12-31

SPIRO SCHOOL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC, founded in 1991, is a small nonprofit in the Education sector that reported $341K in total revenue in fiscal year 2023. Revenue surged 220% from the prior year, signaling strong growth momentum. The organization ran a surplus of $295K, a strong 87% operating margin.

Mission

The Spiro School Foundation for Excellence in Education is committed to advancing the educational goals and opportunities of Spiro Public Schools, a vital institution serving approximately 1,000 students across grades K-12 in Spiro, Oklahoma. In our pursuit of public support, the foundation engages in a multifaceted approach aimed at fostering a sense of community and inclusivity. Through our yearly scholarship program, graduating seniors are offered financial support to pursue higher education, fostering a culture of achievement and opportunity. Additionally, the Foundation recognizes the importance of concurrent enrollment for todays students. In that regard, the Foundation actively contributes to defraying certain fees and associated costs for Spiro High students who are enrolled in college courses, thus ensuring that students can access advanced coursework when getting a jump start on their collegiate journey. Beyond scholarships, the foundation extends support to the school by pro

Program Service Accomplishments

Program 1

Expenses: $32,065

SCHOLARSHIPS AWARDED TO APPLICANTS FROM SPIRO HIGH SCHOOL FOR HIGHER EDUCATION ARE SELECTED BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH PROFESSIONAL RECOMMENDATIONS.SCHOLARSHIP RECIPIENTSMADILYN...

SCHOLARSHIPS AWARDED TO APPLICANTS FROM SPIRO HIGH SCHOOL FOR HIGHER EDUCATION ARE SELECTED BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH PROFESSIONAL RECOMMENDATIONS.SCHOLARSHIP RECIPIENTSMADILYN LOVELL $3,000BLAKE DEDMON $4,000REAGAN GIST $2,850NICO KENNEY $2,500SHANA GRANTHAM $2,000GANNON SHACKELFORD $2,000ZANDER RIGGS $2,000BLAKE OWENS $1,500CAYCEE TACKETT $1,500DAKOTA PERDUE $1,500BRYAN HAMMONTREE $1,500TOTAL SCHOLARSHIPS AWARDED $24,350CONCURRENT SCHOLARSHIPS THAT PAY THE FEES FOR ELIGABLE HIGH SCHOOL STUDENTS ENROLLED IN COLLEGE COURSES.TOTAL CONCURRENT SCHOLARSHIPS WERE AWARDED TO 9 STUDENTS TOTALING $4,942.

Program 2

Expenses: $6,740

GRANTS TO TEACHERS OF SPIRO PUBLIC SCHOOLS TO PROVIDE SUPPLEMENTAL MATERIALS THAT ENHANCE PROGRAMS THAT CANNOT BE FUNDED BY THE SCHOOL'S BUDGET.GRANTS AWARDED FOR SUPPLEMENTAL CLASSROOM MATERIALS...

GRANTS TO TEACHERS OF SPIRO PUBLIC SCHOOLS TO PROVIDE SUPPLEMENTAL MATERIALS THAT ENHANCE PROGRAMS THAT CANNOT BE FUNDED BY THE SCHOOL'S BUDGET.GRANTS AWARDED FOR SUPPLEMENTAL CLASSROOM MATERIALS BASED ON TEACHER APPLICATIONSTEACHING MATERIAL $6,740

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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 $309,087

Program Service Revenue $0

Investment Income $31,319

Other Revenue $718

TOTAL REVENUE $341,124

Expense Breakdown

Grants Paid $36,032

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,805

Other Expenses $9,965

TOTAL EXPENSES $45,997

Year-over-Year Comparison

	2023	2022	Change
Revenue	$341,124	$106,480	+2.2%
Expenses	$45,997	$42,218	+0.1%
Net Income	$295,127	$64,262	+3.6%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
GARON MCCLURE	President	Director	$0	$0	$0
BRADLEY DEDMON	Vice President	Director	$0	$0	$0
NICHOLAS GRANT	Secretary	Director	$0	$0	$0
BRIAN BROOKS	Trustee	Director	$0	$0	$0
KEIFER FISHER	Trustee	Director	$0	$0	$0
MELANIE LAWSON	Trustee	Director	$0	$0	$0
DEBBIE BARRETT	Trustee	Director	$0	$0	$0
SARAH BRIDGES	Trustee	Director	$0	$0	$0
TRUDY MCKINNEY	Trustee	Director	$0	$0	$0
KAREN LAWSON	Trustee	Director	$0	$0	$0
SAMANTHA GILLESPIE	Trustee	Director	$0	$0	$0
MEGAN LOGGAINS	Trustee	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
2024	No data	No data	No data	No data
2023	$341,124	$45,997	$1,799,853	$295,127
2022	$106,480	$42,218	$1,296,376	$64,262
2021	$33,769	$53,841	$1,461,134	$-20,072
2020	$37,116	$43,116	$1,288,377	$-6,000

SPIRO SCHOOL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC