FRIENDS OF SPERO ACADEMY (EIN 815382949) - 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

2016

Legal Domicile

Principal Officer

TONY FARAH

Phone

6124658600

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF SPERO ACADEMY, founded in 2016, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. The organization ran a surplus of $278K, a strong 16% operating margin.

Mission

TO PURCHASE, OWN, CONSTRUCT OR LEASE A PUBLIC SCHOOLHOUSE TO SPERO 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,563,750

Investment Income $157,692

Other Revenue $0

TOTAL REVENUE $1,721,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,443,363

Other Expenses $1,443,363

TOTAL EXPENSES $1,443,363

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,721,442	$1,648,771	+0.0%
Expenses	$1,443,363	$1,516,261	0.0%
Net Income	$278,079	$132,510	+1.1%

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

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
TONY FARAH	CHAIR	1.00	Officer Director	$0	$0	$0
KIRK WAHLSTROM	SECRETARY	1.00	Officer Director	$0	$0	$0
CHANDRA STONE	TREASURER	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$1,721,442	$1,443,363	$16,611,319	$278,079
2023	$1,648,771	$1,516,261	$16,633,129	$132,510
2022	$1,435,490	$2,088,155	$16,643,995	$-652,665
2021	$1,364,803	$1,452,831	$16,674,660	$-88,028
2020	$1,325,426	$1,406,446	$16,762,638	$-81,020
2019	$1,371,451	$1,422,355	$16,843,683	$-50,904
2018	$92,961	$1,713,287	$20,079,132	$-1,620,326

FRIENDS OF SPERO ACADEMY