CLARENDON EARLY EDUCATION SERVICES INC

EIN: 042648114 501(c)(3) Human Services

LAWRENCE, MA

Total Revenue
$25,591,735
Total Expenses
$23,727,654
Total Assets
$8,185,953
Net Assets
$5,461,474
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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
MA
Principal Officer
CHRISTINE SCHNEIDER
Phone
9786910018
Tax Period
2024-01-01 to 2024-12-31

CLARENDON EARLY EDUCATION SERVICES INC, founded in 1978, is a mid-sized nonprofit in the Human Services sector that reported $25.6M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $23.7M left a modest 7% surplus.

Mission

TO PROVIDE QUALITY, CULTURALLY SENSITIVE AND AFFORDABLE CHILD CARE SERVICES. TO PROMOTE SMALL BUSINESS OPPORTUNITIES FOR WOMEN AND MEN IN THE MASSACHUSETTS FAMILY CHILD CARE INDUSTRY. TO PROMOTE QUALITY OF CARE AND TO ENHANCE PROFESSIONALISM IN EARLY CHILDHOOD 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 (2024)

Revenue Breakdown

Contributions & Grants $11,739,275
Program Service Revenue $13,839,903
Investment Income $12,557
Other Revenue $0
TOTAL REVENUE $25,591,735

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,073,442
Fundraising Expenses $0
Program Expenses $23,118,430
Other Expenses $20,654,212
TOTAL EXPENSES $23,727,654

Year-over-Year Comparison

2024 2023 Change
Revenue $25,591,735 $17,659,903 +0.4%
Expenses $23,727,654 $16,645,070 +0.4%
Net Income $1,864,081 $1,014,833 +0.8%
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
9
Independent Members
8
Employees
52
Volunteers
10

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
5
$252,879
Total Directors
9
$62,053
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL FINNEY CHIEF DEVELOPMENT OFF., VOTING DIR. 24.00
Director
$61,386 $667 $62,053
CHRISTINE SCHNEIDER PRESIDENT 1.00
Officer Director
$0 $0 $0
TIMOTHY DEMETRIOU TREASURER 0.50
Officer Director
$0 $0 $0
BARBARA BUNN CLERK 0.50
Officer Director
$0 $0 $0
INGRID DETWEILER VOTING DIRECTOR AT LARGE 0.50
Director
$0 $0 $0
CANDACE CAMPBELL VOTING DIRECTOR AT LARGE 0.50
Director
$0 $0 $0
LISA DOLAN VOTING DIRECTOR AT LARGE 0.50
Director
$0 $0 $0
JEFFREY HALL VOTING DIRECTOR AT LARGE 0.50
Director
$0 $0 $0
LORNA HEBERT VOTING DIRECTOR AT LARGE 0.50
Director
$0 $0 $0
MARGARET MCDONALD CHIEF EXECUTIVE OFFICER 40.00
Officer
$136,202 $11,957 $148,159
MICHAEL BACIGALUPO DIRECTOR OF FINANCE 40.00
Officer
$93,311 $11,409 $104,720
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 $25,591,735 $23,727,654 $8,185,953 $1,864,081
2023 $17,659,903 $16,645,070 $5,237,028 $1,014,833
2022 $13,854,145 $13,429,411 $4,070,098 $424,734
2021 $2,787,597 $2,721,802 $2,872,190 $65,795
2021 $11,906,759 $11,072,635 $2,988,002 $834,124
2020 $10,471,222 $10,305,833 $2,280,484 $165,389
2019 $11,341,200 $11,155,586 $1,971,020 $185,614
2018 $10,252,725 $10,316,103 $1,524,542 $-63,378
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