Spruce Street School

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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

1976

Legal Domicile

Principal Officer

Briel Schmitz

Tax Period

2024-09-01 to 2025-08-31

Spruce Street School, founded in 1976, is a community nonprofit in the Education sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 34% operating margin.

Mission

Spruce Street School is a nurturing educational community that instills in a broad range of children the social, emotional, and intellectual skills for lifelong participation in a diverse society. We offer kindergarten through fifth grade students highly personalized instruction, supporting their social-emotional development as well as academic excellence. At Spruce Street School, we encourage students to anchor their learning in real-world applications, preparing them to be enthusiastic lifelong learners and able contributors to society. Our core values are: Community, Continuous Growth, Equity and Inclusion, and Joy.

Program Service Accomplishments

Program 1

Expenses: $3,029,008 Revenue: $3,888,530

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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 $1,883,967

Program Service Revenue $3,888,530

Investment Income $133,648

Other Revenue $23,082

TOTAL REVENUE $5,929,227

Expense Breakdown

Grants Paid $707,101

Salaries & Benefits $2,231,887

Fundraising Expenses $213,043

Program Expenses $3,029,008

Other Expenses $996,579

TOTAL EXPENSES $3,935,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,929,227	$4,300,557	+0.4%
Expenses	$3,935,567	$3,798,431	+0.0%
Net Income	$1,993,660	$502,126	+3.0%

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

Volunteers

100

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

$347,507

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Briel Schmitz	President	40.00	Officer	$218,395	$24,356	$242,751
Orton Shannon E	Asst HeadofSchool	40.00		$122,250	$17,874	$140,124
Wexler Deborah W	Teacher	40.00		$118,273	$19,436	$137,709
Henry Daron D	Teacher	40.00		$118,273	$19,041	$137,314
Montagner Laura E	Teacher	40.00		$118,423	$16,784	$135,207
Wilson Shawna L	Teacher	40.00		$118,273	$7,292	$125,565
Jane Davis-Ward	Foundation Mgr.	32.00	Officer	$98,716	$6,040	$104,756
Anne Szeto-Millstone	Vice President	2.00	Officer Director	$0	$0	$0
Erin Becker	Director	2.00	Director	$0	$0	$0
Chris Ramsborg	Director	2.00	Director	$0	$0	$0
Jessica Ross	Chairman	2.00	Officer Director	$0	$0	$0
Marney Zellers	Treasurer	2.00	Officer Director	$0	$0	$0
Meaghan Darling	Secretary	2.00	Officer Director	$0	$0	$0
Paul Bruene	Director	2.00	Director	$0	$0	$0
Sharron Starling	Director	2.00	Director	$0	$0	$0
Donna Cochener	Director	2.00	Director	$0	$0	$0
Takao Yamada	Director	2.00	Director	$0	$0	$0
Tim Ford	Director	2.00	Director	$0	$0	$0
Barbara Frailey	Director	2.00	Director	$0	$0	$0
Chris Adams	Director	2.00	Director	$0	$0	$0
Chris Adams	Director	2.00	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
2025	$5,929,227	$3,935,567	$23,824,714	$1,993,660
2024	$4,300,557	$3,798,431	$21,929,315	$502,126
2023	$4,510,616	$3,653,702	$21,682,442	$856,914
2022	$4,200,161	$3,410,745	$21,502,857	$789,416
2021	$3,841,689	$3,404,847	$21,599,765	$436,842
2020	$3,439,611	$3,106,562	$21,307,404	$333,049
2019	$3,348,773	$3,016,899	$7,919,763	$331,874
2018	$3,429,960	$2,874,583	$7,657,157	$555,377