HARBORLIGHT MONTESSORI SCHOOL INC (EIN 042680395) - 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

1979

Legal Domicile

Principal Officer

MICHAEL BOWLER

Phone

9789221008

Tax Period

2024-07-01 to 2025-06-30

HARBORLIGHT MONTESSORI SCHOOL INC, founded in 1979, is a community nonprofit in the Education sector that reported $7.5M in total revenue in fiscal year 2024. Expenses of $7.0M left a modest 7% surplus.

Mission

WE ARE AN INFANT THROUGH 8TH GRADE MONTESSORI SCHOOL WHERE EVERY CHILD DEVELOPS INDEPENDENCE, SELF-CONFIDENCE, AND AN AWARENESS OF THE WORLD THEY INHIBIT. HIGHLY SKILLED TEACHERS CREATE A RESPECTFUL, SUPPORTIVE, AND PEACEFUL ENVIRONMENT WHERE THEY NURTURE EACH STUDENT'S NATURAL PASSION, CURIOSITY, AND DESIRE TO LEARN. STUDENTS EMBRACE THEIR UNIQUENESS AND FULLY ACHIEVE THEIR EDUCATIONAL, SOCIAL, AND EMOTIONAL POTENTIAL. OUR SCHOOL IS A DYNAMIC COMMUNITY OF SUPPORT FACULTY, ENGAGED FAMILIES, AND PASSIONATE STUDENTS.

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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 $746,447

Program Service Revenue $6,587,085

Investment Income $184,742

Other Revenue $10,579

TOTAL REVENUE $7,528,853

Expense Breakdown

Grants Paid $685,223

Salaries & Benefits $4,883,331

Fundraising Expenses $0

Program Expenses $5,365,597

Other Expenses $1,442,896

TOTAL EXPENSES $7,011,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,528,853	$7,680,696	0.0%
Expenses	$7,011,450	$6,481,713	+0.1%
Net Income	$517,403	$1,198,983	-0.6%

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

127

Volunteers

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

$272,706

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EILEEN CARUSO	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRANDI JOHNSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KEVIN CARR	TREASURER	2.00	Officer Director	$0	$0	$0
AMIE CRAWFORD	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN CUSOLITO	TRUSTEE	2.00	Director	$0	$0	$0
TACHOU DUBUISSON BROWN	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN MURPHY	TRUSTEE	2.00	Director	$0	$0	$0
DEAN TSOUVALAS	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL L BOWLER	HEAD OF SCHOOL	40.00	Officer	$92,299	$18,485	$110,784
JAMES DICKMAN	FINANCE DIRECTOR	40.00	Officer	$129,023	$32,899	$161,922
RACHEL MCALPINE	ADMISSION & MI-NE DIRECTOR	40.00	Highest	$131,551	$323	$131,874
ELISA PITKIN	EDUCATION DIRECTOR	40.00	Highest	$108,663	$290	$108,953

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	$7,528,853	$7,011,450	$9,108,503	$517,403
2024	$7,680,696	$6,481,713	$8,471,686	$1,198,983
2023	$6,909,741	$5,773,872	$7,247,474	$1,135,869
2022	$5,927,813	$5,261,041	$6,300,685	$666,772
2021	$5,075,850	$4,033,245	$5,736,848	$1,042,605
2020	$4,598,688	$4,599,787	$4,592,937	$-1,099
2019	$4,502,209	$4,672,611	$4,921,184	$-170,402
2018	$4,527,943	$4,506,959	$5,139,968	$20,984

HARBORLIGHT MONTESSORI SCHOOL INC