SPECTRUM EDUCATION INC

EIN: 882785444 501(c)(3) Education

North Port, FL

Total Revenue
$291,591
Total Expenses
$317,624
Total Assets
$8,523
Net Assets
$-8,057
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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
FL
Principal Officer
Barbara Southwick
Phone
9415002390
Tax Period
2024-07-01 to 2025-06-30

SPECTRUM EDUCATION INC, founded in 2022, is a small nonprofit in the Education sector that reported $292K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

Empowering exceptional students to reach their full potential through a rigorous and engaging virtual learning community

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,419
Program Service Revenue $283,172
Investment Income $0
Other Revenue $0
TOTAL REVENUE $291,591

Expense Breakdown

Grants Paid $0
Salaries & Benefits $306,703
Fundraising Expenses $0
Program Expenses $317,623
Other Expenses $10,921
TOTAL EXPENSES $317,624

Year-over-Year Comparison

2024 2023 Change
Revenue $291,591 $212,961 +0.4%
Expenses $317,624 $209,092 +0.5%
Net Income $-26,033 $3,869 -7.7%
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

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Governance

Voting Members
6
Independent Members
5
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
1
$40,546
Total Directors
5
$0
Key Employees
1
$40,546
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mariana Coronado Director 0.00
Director
$0 $0 $0
Diunayquis Richardson Director 0.00
Director
$0 $0 $0
Lisa Richardson Hassler Director 0.00
Director
$0 $0 $0
Rachael Cordeiro Director 0.00
Director
$0 $0 $0
Mariana Villegas Director 0.00
Director
$0 $0 $0
Barbara Southwick President 0.00
Officer Key Emp
$40,546 $0 $40,546
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 $291,591 $317,624 $8,523 $-26,033
2024 $212,961 $209,092 $5,472 $3,869
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