FRIENDS OF SAUGATUCK MIDDLE SCHOOL… - Form 990 Financial Data

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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

Christina Leathers

Phone

6168341839

Tax Period

2024-01-01 to 2024-06-30

FRIENDS OF SAUGATUCK MIDDLE SCHOOL INC, founded in 2022, is a micro nonprofit in the Education sector that reported $722 in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $14K exceeded revenue, resulting in a 1826% operating deficit.

Mission

Fundraising to support Saugatuck Public Schools students with funding for field trips, extracurricular activities, and additional classroom needs.

Program Service Accomplishments

Program 1

Expenses: $7,000 Revenue: $0

Funds donated to Saugatuck Public Schools for Class of Funds, and to offset field trips for the students - to an art festival, to Washington DC, and to camp for the 6th graders.

Program 2

Expenses: $4,682 Revenue: $0

Teacher appreciation - we provided meals and gifts to the teachers to thank them for their work.

Program 3

Expenses: $2,222 Revenue: $0

Bussing and field trip costs for the students.

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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 $722

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $722

Expense Breakdown

Grants Paid $13,904

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,904

Other Expenses $0

TOTAL EXPENSES $13,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$722	$35,870	-1.0%
Expenses	$13,904	N/A	N/A
Net Income	$-13,182	$35,870	-1.4%

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
Creela Hamlin	Director	3	Director	$0	$0	$0
Leslie Dokianakis	Director	3	Director	$0	$0	$0
Mark Neidlinger	Director	3	Director	$0	$0	$0
Elizabeth Holley	President	3	Officer	$0	$0	$0
Krista Schrotenboer	Vice President	3	Officer	$0	$0	$0
Christina Leathers	Treasurer	3	Officer	$0	$0	$0
Jennifer Hurtman	Secretary	3	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	$722	$13,904	$12,218	$-13,182

FRIENDS OF SAUGATUCK MIDDLE SCHOOL INC