PINE COBBLE SCHOOL INCORPORATED

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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

1940

Legal Domicile

Principal Officer

LETICIA SMITH-EVANS HAYNE

Phone

4134584680

Tax Period

2023-07-01 to 2024-06-30

PINE COBBLE SCHOOL INCORPORATED, founded in 1940, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $4.4M exceeded revenue, resulting in a 72% operating deficit.

Mission

PROVIDE PRIVATE SCHOOL EDUCATION FOR CHILDREN FROM NURSERY SCHOOL THROUGH GRADE 8

Program Service Accomplishments

Program 1

Expenses: $3,480,693 Revenue: $1,645,780

LOCATED ON 18 ACRES IN THE BERKSHIRES OF WESTERN MASSACHUSETTS, PINE COBBLE SCHOOL HAS BEEN ROOTED IN EXPERIENTIAL, CHILD-CENTRIC EDUCATION FOR ALMOST 90 YEARS. THE HANDS-ON CURRICULUM DEVELOPS...

LOCATED ON 18 ACRES IN THE BERKSHIRES OF WESTERN MASSACHUSETTS, PINE COBBLE SCHOOL HAS BEEN ROOTED IN EXPERIENTIAL, CHILD-CENTRIC EDUCATION FOR ALMOST 90 YEARS. THE HANDS-ON CURRICULUM DEVELOPS CRITICAL THINKING AND PROBLEM-SOLVING, FROM THE ALMOST-THREE-YEAR-OLD BEGINNER GETTING THEIR HANDS DIRTY IN THE SCHOOL'S GARDEN TO THE GRADE 8 STUDENT TESTING A HYPOTHESIS IN SCIENCE CLASS. AT PINE COBBLE SCHOOL, WE UNDERSTAND THAT EXCELLENT TEACHERS, SMALL CLASS SIZES, AND ACCESS TO A WELL-ROUNDED EDUCATIONAL EXPERIENCE IN THE ARTS, WORLD LANGUAGES, ATHLETICS, AND BEYOND, WILL ENABLE CHILDREN TO EXPLORE THEIR PASSIONS, TAKE RISKS, AND TO NURTURE THEIR CURIOSITY AND CREATIVITY. WE BELIEVE IN PREPARING STUDENTS NOT ONLY FOR ACADEMIC SUCCESS, BUT TO BE COMPASSIONATE, CAPABLE, AND THOUGHTFUL MEMBERS OF THEIR COMMUNITIES.PINE COBBLE IS COMMITTED TO ENSURING THAT OUR SCHOOL IS ACCESSIBLE TO FAMILIES FROM A WIDE RANGE OF ECONOMIC BACKGROUNDS. 55% OF OUR STUDENTS RECEIVE SOME FORM OF FINANCIAL ASSISTANCE. EVERY PINE COBBLE FAMILY MAKES AN INVESTMENT IN THEIR CHILD'S TUITION; OUR FINANCIAL AID PROGRAM PROVIDES A BRIDGE FOR FAMILIES WHO QUALIFY AND IS AVAILABLE TO STUDENTS IN GRADES K-8.

Program 2

Expenses: $5,068 Revenue: $130,820

SCHOLARSHIPS

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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 $487,903

Program Service Revenue $1,776,600

Investment Income $319,369

Other Revenue $6,451

TOTAL REVENUE $2,590,323

Expense Breakdown

Grants Paid $552,517

Salaries & Benefits $3,044,071

Fundraising Expenses $148,637

Program Expenses $3,485,761

Other Expenses $845,882

TOTAL EXPENSES $4,442,470

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,590,323	$2,998,835	-0.1%
Expenses	$4,442,470	$3,499,033	+0.3%
Net Income	$-1,852,147	$-500,198	+2.7%

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

Governance

Voting Members

Independent Members

Employees

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

$415,561

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LETICIA SMITH-EVAN HAYNES	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNY GERRARD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
QUAMRUL ASHRAF	TREASURER	1.00	Officer Director	$0	$0	$0
LINDSAY STRATTON	SECRETARY	1.00	Officer Director	$0	$0	$0
JUDITH BOOKBINDER	TRUSTEE	1.00	Director	$0	$0	$0
AVERILL COOK JR	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER CLUETT	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT BURG	TRUSTEE	1.00	Director	$0	$0	$0
RYLEY GAUDREAU	TRUSTEE	1.00	Director	$0	$0	$0
SHIRLEY EDGERTON	TRUSTEE	1.00	Director	$0	$0	$0
JENNY WALSH SINGER	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY CARR	TRUSTEE	1.00	Director	$0	$0	$0
ELLANOR BRIZENDINE	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA GOLD CELLANA	TRUSTEE	1.00	Director	$0	$0	$0
ERIC CHAPMAN	HEAD OF SCHOOL	40.00	Officer	$312,737	$6,510	$319,247
ALANA HARTE	HEAD OF SCHOOL	40.00	Officer	$96,314	$0	$96,314

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	$2,590,323	$4,442,470	$11,430,111	$-1,852,147
2023	$2,998,835	$3,499,033	$12,930,010	$-500,198
2022	$4,972,477	$3,162,450	$13,346,550	$1,810,027
2021	$5,479,466	$2,808,194	$11,712,409	$2,671,272
2021	$4,981,287	$2,779,148	$11,252,491	$2,202,139
2020	$4,818,589	$2,734,957	$9,015,370	$2,083,632
2019	$2,746,162	$2,396,579	$7,257,269	$349,583
2018	$2,706,853	$2,262,298	$6,742,911	$444,555