THE CAROUSEL SCHOOL INC

EIN: 042373760 501(c)(3)

WALTHAM, MA

Total Revenue
$124,688
Total Expenses
$217,498
Total Assets
$71,091
Net Assets
$-59,640
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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
1964
Legal Domicile
MA
Principal Officer
PHYLLIS A REGAN
Phone
7818931503
Tax Period
2019-01-01 to 2019-12-31

THE CAROUSEL SCHOOL INC, founded in 1964, is a small nonprofit that reported $125K in total revenue in fiscal year 2019. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $217K exceeded revenue, resulting in a 74% operating deficit.

Mission

PRIVATE NON-DISCRIMINATORY PRESCHOOL EDUCATION

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $124,664
Investment Income $5
Other Revenue $19
TOTAL REVENUE $124,688

Expense Breakdown

Grants Paid $25
Salaries & Benefits $163,309
Fundraising Expenses $0
Program Expenses $188,794
Other Expenses $54,164
TOTAL EXPENSES $217,498

Year-over-Year Comparison

2019 2018 Change
Revenue $124,688 $268,693 -0.5%
Expenses $217,498 $300,231 -0.3%
Net Income $-92,810 $-31,538 +1.9%
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
2
Independent Members
1
Employees
11
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
2
$27,374
Total Directors
1
$27,374
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHYLLIS A REGAN PRESIDENT/DIRECTOR 45.00
Officer Director
$0 $0 $27,374
TIMOTHY M REGAN TREASURER/DIRECTOR 20.00
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
2019 $124,688 $217,498 $71,091 $-92,810
2018 $268,693 $300,231 $133,170 $-31,538
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