HOLYOKE-CHICOPEE-SPRINGFIELD HEAD START INC (EIN 042466767) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

NICOLE BLAIS

Phone

4137886522

Tax Period

2023-11-01 to 2024-10-31

HOLYOKE-CHICOPEE-SPRINGFIELD HEAD START INC, founded in 1970, is a mid-sized nonprofit that reported $26.7M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 19% operating margin.

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $25,299,708

Program Service Revenue $0

Investment Income $2,806

Other Revenue $1,401,926

TOTAL REVENUE $26,704,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,322,813

Fundraising Expenses $0

Program Expenses $18,740,306

Other Expenses $5,409,188

TOTAL EXPENSES $21,732,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,704,440	$20,963,397	+0.3%
Expenses	$21,732,001	$19,841,148	+0.1%
Net Income	$4,972,439	$1,122,249	+3.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

256

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

Total Directors

Key Employees

Highest Compensated

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
LORI CHAVES	DIRECTOR OF CLINICAL SERVI	40.00	Highest	$125,574	$0	$125,574
NICOLE BLAIS	CHIEF EXECUTIVE OFFICER	40.00	Highest	$154,148	$0	$154,148
JANET STEIGMEYER	CHIEF OPERATING OFFICER	40.00	Highest	$122,949	$0	$122,949
MAHERA CHIARIZIO	DIRECTOR OF EDUCATION	40.00	Highest	$126,533	$0	$126,533
CYNTHIA NORMAND	CHIEF FINANCIAL OFFICER	40.00	Highest	$125,357	$0	$125,357

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
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

HOLYOKE-CHICOPEE-SPRINGFIELD HEAD START INC