Spectrum Academy (EIN 760817459) - 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

2005

Legal Domicile

Principal Officer

Elizabeth Banner

Phone

8019360318

Tax Period

2023-07-01 to 2024-06-30

Spectrum Academy, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $36.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $35.3M left a modest 4% surplus.

Mission

To manage, operate, guide, direct, and promote a public charter school funded by local, state, and federal sources.

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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 $35,518,173

Program Service Revenue $336,449

Investment Income $740,001

Other Revenue $35,696

TOTAL REVENUE $36,630,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,882,932

Fundraising Expenses $0

Program Expenses $30,654,097

Other Expenses $6,430,939

TOTAL EXPENSES $35,313,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,630,319	$32,871,634	+0.1%
Expenses	$35,313,871	$31,638,308	+0.1%
Net Income	$1,316,448	$1,233,326	+0.1%

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

873

Volunteers

175

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

$436,060

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Loertscher	President	1.00	Officer Director	$0	$0	$0
Marcy Johnson	Secretary	1.00	Director	$0	$0	$0
Marney DeVroom	Board Member	1.00	Director	$0	$0	$0
Bill Cox	Board Member	1.00	Director	$0	$0	$0
Jennifer Lee	Board Member	1.00	Director	$0	$0	$0
Chase Ames	Board Member	1.00	Director	$0	$0	$0
Chris Norlem	Board Member	1.00	Director	$0	$0	$0
Michelle Rankin	Board Member	1.00	Director	$0	$0	$0
Cory Weeks	Board Member	1.00	Director	$0	$0	$0
Jamie Christensen	Exec Dir - Academics	40.00	Officer	$143,284	$4,561	$147,845
Brad Nelson	Exec Dir - Finance	40.00	Officer	$151,892	$7,359	$159,251
Elizabeth Banner	Exec Dir - Academics	40.00	Officer	$112,094	$16,870	$128,964

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	$36,630,319	$35,313,871	$48,256,762	$1,316,448
2023	$32,871,634	$31,638,308	$48,677,296	$1,233,326
2022	$29,729,025	$28,766,630	$38,407,104	$962,395
2021	$27,326,865	$28,496,066	$39,731,636	$-1,169,201
2020	$23,599,599	$23,409,498	$32,601,271	$190,101
2019	$20,516,398	$20,250,524	$32,767,791	$265,874

Spectrum Academy