Applied Scholastics Spanish Lake (EIN 862172360) - 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

G Craig Burton

Phone

3143556355

Tax Period

2023-01-01 to 2023-12-31

Applied Scholastics Spanish Lake, founded in 2016, is a small nonprofit that reported $183K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $216K exceeded revenue, resulting in a 18% operating deficit.

Mission

To improve and revitalize the field of education by instructing students and teachers in the proper method of studying using Study Technology developed by educator and humanitarian L. Ron Hubbard.

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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 $85,462

Program Service Revenue $54,150

Investment Income $71

Other Revenue $42,877

TOTAL REVENUE $182,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,592

Program Expenses $190,921

Other Expenses $215,929

TOTAL EXPENSES $215,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,560	$194,030	-0.1%
Expenses	$215,929	$215,911	+0.0%
Net Income	$-33,369	$-21,881	+0.5%

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
Steven L Hayes	Director	0.50	Director	$0	$0	$0
Timothy Bowles	Director	0.50	Director	$0	$0	$0
G Craig Burton	Director, CFO/Treasurer	20.00	Officer Director	$0	$0	$0
Chris Gerson	President	5.00	Officer	$0	$0	$0
N/A	Secretary	5.00	Officer	$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	$182,560	$215,929	$66,089	$-33,369
2022	$194,030	$215,911	$50,139	$-21,881

Applied Scholastics Spanish Lake