Springs Public Schools Tennessee

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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

2022

Legal Domicile

Principal Officer

SHANE WICKWIRE

Phone

9513499721

Tax Period

2024-07-01 to 2025-06-30

Springs Public Schools Tennessee, founded in 2022, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 150% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 34% operating deficit.

Mission

Our mission is to empower students by fostering their innate curiosity, engaging their parents, and promoting optimum learning by collaboratively developing a personalized learning program for each student.

Program Service Accomplishments

Program 1

Expenses: $3,000,557 Revenue: $26,499

Received grants from Springs Charter Schools Inc. to begin developing new charter school in Smyrna Tennessee including marketing facilities and related costs.

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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 $2,214,774

Program Service Revenue $26,499

Investment Income $1

Other Revenue $4,168

TOTAL REVENUE $2,245,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,417,273

Fundraising Expenses $0

Program Expenses $3,000,557

Other Expenses $1,596,875

TOTAL EXPENSES $3,014,148

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,245,442	$896,973	+1.5%
Expenses	$3,014,148	$896,973	+2.4%
Net Income	$-768,706	N/A	N/A

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

N/A

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
Amber Mitchell	Board Chair	5.00	Officer Director	$0	$0	$0
Joshua Haydon	Treasurer	5.00	Officer Director	$0	$0	$0
Ray Jaime	Board Member	2.00	Director	$0	$0	$0
Gary Maingot	Board Member	2.00	Director	$0	$0	$0
Cathal Hamilton	Board Member	2.00	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	$2,245,442	$3,014,148	$4,005,705	$-768,706
2023	$340,828	$340,828	No data	No data
2023	$896,973	$896,973	No data	No data