Norfolk Cooperative Primary Inc (EIN 042504711) - 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

1978

Legal Domicile

Principal Officer

Lori Higgins

Phone

5085283660

Tax Period

2024-07-01 to 2025-06-30

Norfolk Cooperative Primary Inc, founded in 1978, is a small nonprofit in the Education sector that reported $565K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $641K exceeded revenue, resulting in a 13% operating deficit.

Mission

Pre-kindergarten 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $42,475

Program Service Revenue $522,472

Investment Income $109

Other Revenue $0

TOTAL REVENUE $565,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $532,141

Fundraising Expenses $0

Program Expenses $605,667

Other Expenses $108,982

TOTAL EXPENSES $641,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$565,056	$507,716	+0.1%
Expenses	$641,123	$504,469	+0.3%
Net Income	$-76,067	$3,247	-24.4%

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

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

$99,659

Total Directors

$191,631

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicole Manna	President	2.00	Officer Director	$0	$0	$0
Lori Higgins	Treasurer	40.00	Director	$91,972	$0	$91,972
Karen Murphy	Financial Advisor	30.00	Officer Director	$36,488	$0	$36,488
Molly Cohen	Secretary	30.00	Officer Director	$33,442	$0	$33,442
Pam Tomsik	PR/Program Dev.	2.00	Officer Director	$29,729	$0	$29,729

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	$565,056	$641,123	$240,450	$-76,067
2024	No data	No data	No data	No data
2023	$536,522	$471,808	$285,029	$64,714
2022	$488,117	$437,162	$251,504	$50,955
2021	$375,345	$353,338	$127,868	$22,007
2020	$316,263	$291,543	$86,393	$24,720
2019	$337,529	$346,164	$47,239	$-8,635
2018	$299,043	$335,364	$62,413	$-36,321

Norfolk Cooperative Primary Inc