SYLVANIA SCHOOLS FOUNDATION

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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

2007

Legal Domicile

Principal Officer

DAVID SPIESS

Phone

4198248656

Tax Period

2023-01-01 to 2023-12-31

SYLVANIA SCHOOLS FOUNDATION, founded in 2007, is a micro nonprofit in the Education sector that reported $71K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $79K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO RAISE FUNDS FOR THE IMPROVEMENT OF ATHLETIC FACILITIES USED BY SYLVANIA YOUTH ESPECIALLY THOSE ENROLLED IN SYLVANIA SCHOOLS. WITH THE MERGER WITH THE SYLVANIA EDUCATION FOUNDATION THE FOUNDATION NOW ALSO SUPPORTS EDUCATORS AND STUDENTS OF THE SCHOOL DISTRICT VIA FUNDING FOR VARIOUS CLASSROOM AND ACADEMIC PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $23,022 Revenue: $0

PROVIDE ACADEMIC GRANTS FOR CLASSROOM SUPPLIES AND MATERIALS TO TEACHERS WITHIN THE SYLVANIA SCHOOL DISTRICT AS WELL AS GRANTS FOR ATHLETIC EQUIPMENT.

Program 2

Expenses: $25,000 Revenue: $0

PROVIDE RENEWABLE FOUR YEAR SCHOLARSHIPS TO SELECTED GRADUATING SENIORS.

Program 3

Expenses: $11,783 Revenue: $16,042

CONTINUED ANNUAL ADMINISTRATION OF THE SYLVANIA SCHOOLS HALL OF FAME.

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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 $35,623

Program Service Revenue $16,042

Investment Income $19,056

Other Revenue $0

TOTAL REVENUE $70,721

Expense Breakdown

Grants Paid $48,022

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,674

Other Expenses $31,377

TOTAL EXPENSES $79,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,721	$64,740	+0.1%
Expenses	$79,399	$114,861	-0.3%
Net Income	$-8,678	$-50,121	-0.8%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM KOCH	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY ADDINGTON	DIST COMM COORD	1.00	Director	$0	$0	$0
ANN FRANCIS	BOARD MEMBER	1.00	Director	$0	$0	$0
AUSTIN SERNA	BOARD MEMBER	1.00	Director	$0	$0	$0
BARON BLACK	VP-ALUMNI	1.00	Officer Director	$0	$0	$0
CHRIS OFFENBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE SPIESS	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG FELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG LAMANNA	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM NUSBAUM	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MONAGHAN	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE HOFFMAN	SCHOOL BOARD MEMBER	1.00	Director	$0	$0	$0
KASEY VENS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK PUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
NADIA SWADE	VP-ACADEMICS	1.00	Officer Director	$0	$0	$0
RICH MACMILLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM RUNNELLS	BOARD MEMBER	1.00	Director	$0	$0	$0
VERONICA MOTLEY	SUPERINTENDENT	1.00	Director	$0	$0	$0
WILLIAM NOWICKI	BOARD MEMBER	1.00	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	$70,721	$79,399	$956,511	$-8,678
2022	$64,740	$114,861	$846,062	$-50,121
2021	$186,899	$93,225	$1,066,144	$93,674
2020	$49,436	$87,971	$983,204	$-38,535
2019	$91,735	$89,478	$946,760	$2,257