PLOWSHARES EDUCATION DEVELOPMENT C… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

JOSEPHINE CARPINO

Phone

6175273755

Tax Period

2024-07-01 to 2025-06-30

PLOWSHARES EDUCATION DEVELOPMENT CE INC, founded in 1976, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $764K, a strong 28% operating margin.

Mission

TO PROVIDE THE HIGHEST QUALITY CHILD CARE POSSIBLE TO FAMILIES WHO LIVE AND/OR WORK IN NEWTON AND THE SURROUNDING COMMUNITIES; TO SUPPORT FAMILIES IN THE EDUCATION AND CARE OF THEIR YOUNG CHILDREN; TO PROMOTE COOPERATION AND EXCHANGE BETWEEN EXISTING CHILD CARE PROGRAMS; TO PUBLISH PROFESSIONAL CHILD CARE LITERATURE; TO PROVIDE TECHNICAL ASSISTANCE; TO ORGANIZE PARENT AND STAFF WORKSHOPS/TRAINING; AND TO ENCOURAGE PARENTAL INVOLVEMENT.

Program Service Accomplishments

Program 1

Expenses: $1,358,532 Revenue: $2,130,210

PLOWSHARES OPERATES ITS CHILD CARE PROGRAMS IN THREE LOCATIONS, HOUSED WITHIN NEWTON PUBLIC SCHOOL BUILDINGS AND PROVIDES SERVICES TO MORE THAN 200 FAMILIES. PROGRAMS AVAILABLE INCLUDE: TODDLER...

PLOWSHARES OPERATES ITS CHILD CARE PROGRAMS IN THREE LOCATIONS, HOUSED WITHIN NEWTON PUBLIC SCHOOL BUILDINGS AND PROVIDES SERVICES TO MORE THAN 200 FAMILIES. PROGRAMS AVAILABLE INCLUDE: TODDLER, PRESCHOOL, NURSERY, SCHOOL-AGE CHILD CARE, SUMMER CAMPS AND INTEGRATED CLASSROOMS. PLOWSHARES IS GOVERNED BY A BOARD OF TRUSTEES THAT INCLUDES PARENTS, THEREBY INSURING PARENTAL PARTICIPATION IN THE POLICY AND DECISION-MAKING ASPECTS OF THE ORGANIZATION. THE PLOWSHARES SITE AT NEWTON NORTH HIGH SCHOOL SERVES AS THE LAB TRAINING FACILITY FOR HIGH SCHOOL STUDENTS MAJORING IN EARLY CHILDHOOD EDUCATION. OUR OTHER LOCATIONS ARE AT THE FRANKLIN ELEMENTARY SCHOOL IN WEST NEWTON AND THE LINCOLN ELIOT ELEMENTARY SCHOOL IN NEWTON CORNER.

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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 $514,427

Program Service Revenue $2,130,210

Investment Income $107,830

Other Revenue $0

TOTAL REVENUE $2,752,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,804,176

Fundraising Expenses $0

Program Expenses $1,358,532

Other Expenses $184,299

TOTAL EXPENSES $1,988,475

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,752,467	$2,266,338	+0.2%
Expenses	$1,988,475	$1,902,638	+0.0%
Net Income	$763,992	$363,700	+1.1%

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

$169,919

Total Directors

$425,329

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPHINE CARPINO	EXECUTIVE DI	40.00	Officer Director	$147,315	$22,604	$169,919
DEBRA GALLAGHER	DIRECTOR	40.00	Director	$111,889	$17,482	$129,371
ANGELA MARRA	DIRECTOR	40.00	Director	$110,572	$15,467	$126,039
MIKE DAILEY	DIRECTOR	N/A	Director	$0	$0	$0
DONNA GALLAGHER	DIRECTOR	N/A	Director	$0	$0	$0
MARY KEBER	PRESIDENT/CL	N/A	Officer Director	$0	$0	$0
DIANE MARCOU	TREASURER	N/A	Officer Director	$0	$0	$0
MICHELLE RAMSDELL	DIRECTOR	N/A	Director	$0	$0	$0
JAMES ROBERTSON	DIRECTOR	N/A	Director	$0	$0	$0
KARA TEMPLE	DIRECTOR	N/A	Director	$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
2025	$2,752,467	$1,988,475	$3,550,606	$763,992
2024	$2,266,338	$1,902,638	$2,723,381	$363,700
2023	$2,149,985	$1,693,589	$2,156,545	$456,396
2022	$2,309,194	$1,316,909	$1,784,140	$992,285
2021	$1,004,284	$704,802	$1,081,726	$299,482
2020	$1,595,553	$1,917,862	$761,469	$-322,309
2019	$2,078,499	$1,949,881	$817,491	$128,618
2018	$1,981,772	$1,883,717	$690,301	$98,055

PLOWSHARES EDUCATION DEVELOPMENT CE INC