HARBORLIGHT NURSERY SCHOOL INC

EIN: 042883700 501(c)(3) Education

BEVERLY, MA

Total Revenue
$350,619
Total Expenses
$327,938
Total Assets
$295,763
Net Assets
$145,517
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MA
Principal Officer
KRISTIN BESSE
Phone
9789223295
Tax Period
2023-09-01 to 2024-08-31

HARBORLIGHT NURSERY SCHOOL INC, founded in 1985, is a small nonprofit in the Education sector that reported $351K in total revenue in fiscal year 2023. Expenses of $328K left a modest 6% surplus.

Mission

TO ESTABLISH AND CONDUCT ONE OR MORE NURSERY SCHOOLS AND OTHER EDUCATIONAL PROGRAMS FOR CHILDREN OF PRE-SCHOOL AGE; TO OPERATE, CONDUCT, AND PROVIDE DAY CARE SERVICES FOR THE RECREATION, EDUCATION, AND GENERAL SOCIALIZATION OF CHILDREN; AND TO ESTABLISH AND CONFER SCHOLARSHIPS UPON PRE-SCHOOL AGE CHILDREN UNABLE TO AFFORD THE NORMAL CHARGES FOR NURSERY SCHOOL DAY CARE OR RELATED EDUCATIONAL SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $72,515
Program Service Revenue $268,791
Investment Income $299
Other Revenue $9,014
TOTAL REVENUE $350,619

Expense Breakdown

Grants Paid $0
Salaries & Benefits $272,236
Fundraising Expenses $729
Program Expenses $202,118
Other Expenses $55,702
TOTAL EXPENSES $327,938

Year-over-Year Comparison

2023 2022 Change
Revenue $350,619 $326,043 +0.1%
Expenses $327,938 $310,595 +0.1%
Net Income $22,681 $15,448 +0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
12
Volunteers
20

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
4
$73,000
Total Directors
10
$73,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELEANOR FLOWERS PRESIDENT 1.00
Officer Director
$0 $0 $0
KRISTIN BESSE TREASURER 8.00
Officer Director
$0 $0 $0
KAREN POPADIC CLERK 1.00
Officer Director
$0 $0 $0
JULIE FLOWERS DIRECTOR 1.00
Director
$0 $0 $0
ABBY JOHNSTONE DIRECTOR 1.00
Director
$0 $0 $0
BILLIE JEAN CHOUINARD EXECUTIVE DIRECTOR 40.00
Officer Director
$73,000 $0 $73,000
LINDSAY HAINES DIRECTOR 1.00
Director
$0 $0 $0
KRIS SILVERSTEIN DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE RAFFERTY DIRECTOR 1.00
Director
$0 $0 $0
KATE REISS DIRECTOR 1.00
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
2024 $350,619 $327,938 $295,763 $22,681
2023 $326,043 $310,595 $259,897 $15,448
2022 $307,972 $247,785 $225,764 $60,187
2021 $178,546 $264,999 $177,300 $-86,453
2020 $297,950 $312,406 $202,814 $-14,456
2019 $284,386 $338,077 $96,679 $-53,691
2018 $326,848 $351,662 $137,787 $-24,814
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