HILLCREST EDUCATIONAL CENTERS INC (EIN 042848510) - 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

1985

Legal Domicile

Principal Officer

SHAUN V CUSSON

Phone

4134997924

Tax Period

2024-07-01 to 2025-06-30

HILLCREST EDUCATIONAL CENTERS INC, founded in 1985, is a mid-sized nonprofit in the Education sector that reported $52.0M in total revenue in fiscal year 2024. Expenses of $49.0M left a modest 6% surplus.

Mission

THE ORGANIZATION OFFERS EDUCATIONAL AND RESIDENTIAL SERVICES TO SPECIAL NEEDS CHILDREN. THE RESIDENTIAL PROGRAMS OPERATE 24 HOURS PER DAY, 7 DAYS PER WEEK, 365 DAYS PER YEAR, AND PROVIDE A VARIETY OF EDUCATIONAL AND BEHAVIORAL SERVICES. THE ORGANIZATION ALSO OPERATES A DAY PROGRAM FOR SCHOOL AGE CHILDREN WITH SPECIAL NEEDS. THE ORGANIZATION OPERATES ITS PROGRAMS FROM MULTIPLE CAMPUSES WHICH OFFER SPECIALIZED SERVICES FOR GROUPS OF SPECIAL NEEDS CHILDREN.

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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 $1,035,489

Program Service Revenue $48,588,201

Investment Income $2,163,857

Other Revenue $194,081

TOTAL REVENUE $51,981,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,294,414

Fundraising Expenses $134,760

Program Expenses $44,191,848

Other Expenses $7,704,796

TOTAL EXPENSES $48,999,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,981,628	$48,155,671	+0.1%
Expenses	$48,999,210	$47,384,680	+0.0%
Net Income	$2,982,418	$770,991	+2.9%

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

734

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

$578,535

Total Directors

$404,234

Key Employees

$265,303

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAUN V CUSSON	PRESIDENT/CEO	40.00	Officer Director	$348,596	$55,638	$404,234
MICHELE A BUTLER	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
HANNAH KEATOR	CLERK	0.50	Officer Director	$0	$0	$0
JASON CUYLER	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
PAUL CLARK	DIRECTOR	0.50	Director	$0	$0	$0
EUGENE A DELLEA	DIRECTOR	0.50	Director	$0	$0	$0
WILLARD E HODGKINS III	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS W GOGGINS	DIRECTOR	0.50	Director	$0	$0	$0
FRANCIS B MARINARO	DIRECTOR	0.50	Director	$0	$0	$0
MARK N MATTHEWS	DIRECTOR	0.50	Director	$0	$0	$0
KATIE BRELSFORD	DIRECTOR	0.50	Director	$0	$0	$0
SHELA LEVANTE	DIRECTOR	0.50	Director	$0	$0	$0
JOHN P WALSH	DIRECTOR	0.50	Director	$0	$0	$0
CELIA R NORCROSS	DIRECTOR	0.50	Director	$0	$0	$0
MARK A PLACIDO	TREASURER & CFO	40.00	Officer	$155,950	$18,351	$174,301
CHRISTOPHER SMITH	CHIEF OPEARTING OFFICER	40.00	Key Emp	$221,410	$43,893	$265,303
JEFFREY DELISLE	PSYCHAITRIST	22.00	Highest	$293,329	$15,521	$308,850
MICHELE MORIN	VICE PRESIDENT OF HUMAN RESOURCES	40.00	Highest	$143,368	$21,203	$164,571
ASHLEY KELLOGG	DIRECTOR OF STUDENT SERVICES	40.00	Highest	$125,587	$25,291	$150,878
JAMES SORRENTINO	DIRECTOR OF FACILITIES	40.00	Highest	$125,216	$27,515	$152,731
GERARD BURKE	FORMER PRESIDENT/PROJECT COORDINATOR	40.00		$130,723	$25,756	$156,479

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	$51,981,628	$48,999,210	$43,926,654	$2,982,418
2024	$48,155,671	$47,384,680	$40,465,628	$770,991
2023	$45,660,990	$44,977,678	$35,812,387	$683,312
2022	$41,848,314	$41,125,984	$31,700,149	$722,330
2021	$41,457,388	$39,005,559	$34,227,350	$2,451,829
2020	$38,394,002	$36,527,372	$30,295,697	$1,866,630
2019	$37,116,868	$35,540,143	$30,224,041	$1,576,725
2018	$34,025,604	$33,033,616	$28,620,458	$991,988

HILLCREST EDUCATIONAL CENTERS INC