SPRINGFIELD PREP REALTY INC (EIN 853252010) - 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

2020

Legal Domicile

Principal Officer

WILLIAM SPIRER

Phone

4132312722

Tax Period

2024-07-01 to 2025-06-30

SPRINGFIELD PREP REALTY INC, founded in 2020, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $272K, a strong 19% operating margin.

Mission

THE PURPOSE OF THE REALTY CORP IS TO OWN, BUILD, BUY, SELL, MANAGE, DEVELOP, AND LEASE REAL ESTATE FOR SPRINGFIELD PREPARATORY CHARTER SCHOOL SO IT CAN PROVIDE EDUCATIONAL SERVICES IN SPRINGFIELD, MASSACHUSETTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,418,162

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,418,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,145,987

Other Expenses $1,145,987

TOTAL EXPENSES $1,145,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,418,162	$1,427,420	0.0%
Expenses	$1,145,987	$1,161,300	0.0%
Net Income	$272,175	$266,120	+0.0%

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

$150,999

Total Directors

$150,999

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SPIRER	PRESIDENT, TREASURER	1.00	Officer Director	$0	$1,219	$150,999
SARA ROSS	CLERK	1.00	Officer Director	$0	$0	$0
SHERRIFF BALOGUN	DIRECTOR	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
2025	$1,418,162	$1,145,987	$36,625,574	$272,175
2024	$1,427,420	$1,161,300	$37,482,476	$266,120
2023	$1,432,793	$1,178,344	$38,413,394	$254,449
2022	$1,311,651	$1,073,387	$39,225,856	$238,264
2021	$876,082	$875,517	$20,229,591	$565

SPRINGFIELD PREP REALTY INC