HOLYOKE-CHICOPEE-SPRINGFIELD HEAD START INC

EIN: 042466767 501(c)(3)

SPRINGFIELD, MA

Total Revenue
$21,202,312
Total Expenses
$20,970,099
Total Assets
$13,068,580
Net Assets
$11,275,147
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
MA
Principal Officer
NICOLE BLAIS
Phone
4137886522
Tax Period
2024-11-01 to 2025-10-31

HOLYOKE-CHICOPEE-SPRINGFIELD HEAD START INC, founded in 1970, is a mid-sized nonprofit that reported $21.2M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

OUR MISSION IS TO PROVIDE LOW-INCOME CHILDREN AND THEIR FAMILIES WITH A BEACON OF HOPE AND A SOURCE OF SUPPORT FOR A BRIGHTER FUTURE. WE STRIVE TO DO SO, BY PROVIDING HIGH QUALITY COMPREHENSIVE CHILD DEVELOPMENT SERVICES TO ENROLLED CHILDREN AND EMPOWERING FAMILIES TO ACHIEVE STABILITY IN THEIR HOME ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $17,811,125 Revenue: $21,093,777

HEADSTART DAYCARE SERVICES

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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 $19,636,339
Program Service Revenue $0
Investment Income $3,760
Other Revenue $1,562,213
TOTAL REVENUE $21,202,312

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,880,544
Fundraising Expenses $0
Program Expenses $17,811,125
Other Expenses $5,089,555
TOTAL EXPENSES $20,970,099

Year-over-Year Comparison

2024 2023 Change
Revenue $21,202,312 $26,704,440 -0.2%
Expenses $20,970,099 $21,732,001 0.0%
Net Income $232,213 $4,972,439 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
250
Volunteers
132

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALISON WALSH TREASURER/CLERK 0.00
Officer Director
$0 $0 $0
JENNIFER WALLACE JACOBY BOARD MEMBER 0.00
Director
$0 $0 $0
RAYMOND AKERS VICE CHAIR 0.00
Officer Director
$0 $0 $0
SUSAN M GOSSELIN BOARD CHAIR 0.00
Officer Director
$0 $0 $0
DR ANDREW BALDER MD BOARD MEMBER 0.00
Director
$0 $0 $0
SALLY CARLTON BOARD MEMBER 0.00
Director
$0 $0 $0
DANIEL BLAKESLEY ESQ BOARD MEMBER 0.00
Director
$0 $0 $0
MARIE-ANGE DELIMON BOARD MEMBER 0.00
Director
$0 $0 $0
ESTHER ALICEA BOARD MEMBER 0.00
Director
$0 $0 $0
LORI CHAVES DIRECTOR OF CLINICAL SERVI 40.00
Highest
$131,714 $10,421 $142,135
NICOLE BLAIS CHIEF EXECUTIVE OFFICER 40.00
Highest
$162,689 $12,003 $174,692
JANET STEIGMEYER CHIEF OPERATING OFFICER 40.00
Highest
$128,767 $10,357 $139,124
MAHERA CHIARIZIO DIRECTOR OF EDUCATION 40.00
Highest
$129,714 $4,248 $133,962
CYNTHIA NORMAND CHIEF FINANCIAL OFFICER 40.00
Highest
$118,140 $18,425 $136,565
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 $21,202,312 $20,970,099 $13,068,580 $232,213
2024 $26,704,440 $21,732,001 $14,256,431 $4,972,439
2023 $20,963,397 $19,841,148 $8,846,023 $1,122,249
2022 $20,843,896 $19,555,803 $5,910,573 $1,288,093
2021 $18,197,572 $17,519,135 $4,876,659 $678,437
2020 $18,678,703 $18,990,303 $4,144,925 $-311,600
2019 $20,027,526 $19,594,951 $5,167,549 $432,575
2018 $20,080,200 $19,565,179 $4,939,261 $515,021
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