BREAKWATER LEARNING (EIN 010249577) - 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

1977

Legal Domicile

Principal Officer

MAGGIE LYON

Phone

2077728689

Tax Period

2023-07-01 to 2024-06-30

BREAKWATER LEARNING, founded in 1977, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $5.0M left a modest 10% surplus.

Mission

SCHOOL WITH PROGRAMS FOR TODDLER THROUGH GRADE EIGHT.

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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 $975,184

Program Service Revenue $4,498,279

Investment Income $54,391

Other Revenue $37,120

TOTAL REVENUE $5,564,974

Expense Breakdown

Grants Paid $766,213

Salaries & Benefits $3,154,488

Fundraising Expenses $75,137

Program Expenses $4,386,636

Other Expenses $1,096,772

TOTAL EXPENSES $5,017,473

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,564,974	$4,775,965	+0.2%
Expenses	$5,017,473	$4,690,463	+0.1%
Net Income	$547,501	$85,502	+5.4%

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

143

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

$149,455

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD SNOW	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIK CALHOUN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WHIT FORD	TREASURER	1.00	Officer Director	$0	$0	$0
JOSH EDWARDS	SECRETARY	1.00	Officer Director	$0	$0	$0
NORA BOSWORTH	TRUSTEE	1.00	Director	$0	$0	$0
MEREDITH COOLIDGE	TRUSTEE	1.00	Director	$0	$0	$0
BILL MELCHER	TRUSTEE	1.00	Director	$0	$0	$0
DAN NOGARD	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA FRASIER-THILL	TRUSTEE	1.00	Director	$0	$0	$0
MAGGIE LYON	CO-EXECUTIVE DIRECTOR	40.00	Officer	$64,081	$0	$64,081
TOM FISHER	CO-EXECUTIVE DIRECTOR	40.00	Officer	$78,583	$6,791	$85,374

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	No data	No data	No data	No data
2024	$5,564,974	$5,017,473	$5,954,117	$547,501
2023	$4,775,965	$4,690,463	$5,885,434	$85,502
2022	$4,201,509	$3,918,911	$5,329,217	$282,598
2021	$3,833,883	$3,489,779	$5,120,298	$344,104
2020	$4,073,860	$3,871,342	$4,023,327	$202,518
2019	$3,859,527	$4,031,927	$4,106,973	$-172,400
2018	$3,809,540	$4,130,444	$4,462,240	$-320,904

BREAKWATER LEARNING