SPRUCE STREET NURSERY SCHOOL INC

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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

1996

Legal Domicile

Principal Officer

DARLENE HUSON

Phone

6174825252

Tax Period

2024-07-01 to 2025-06-30

SPRUCE STREET NURSERY SCHOOL INC, founded in 1996, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

FOUNDED IN 1996, SPRUCE STREET NURSERY SCHOOL WAS CREATED TO PROVIDE AN ENVIRONMENT THAT SUPPORTS THE DEVELOPMENT OF YOUNG CHILDREN AND FOSTERS CREATIVE THINKING, WHILE OFFERING FAMILIES THE OPPORTUNITY TO PARTICIPATE IN A COMMUNITY COMMITTED TO EXCELLENCE IN EARLY LEARNING. TEACHING COMPASSION AND RESPECT THROUGH LISTENING AND UNDERSTANDING IS A FUNDAMENTAL TENET OF OUR EDUCATIONAL APPROACH. THROUGH HONORING OTHERS' IDEAS, CHILDREN COME TO REALIZE HOW VALUABLE THEIR OWN IDEAS ARE. CHILDREN AT SPRUCE STREET DEVELOP A STRONG SENSE OF THEMSELVES AS INDIVIDUALS AND LEARNERS, WHILE GROWING TO APPRECIATE THEIR SIGNIFICANCE AS MEMBERS OF A LARGER COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,713,233 Revenue: $1,638,976

SPRUCE STREET NURSERY SCHOOL PROVIDES A JOYOUS EARLY LEARNING EXPERIENCE FOR CHILDREN 24 MONTHS THROUGH 5 YEARS, AND ACCOMMODATES APPROXIMATLEY 50 CHILDREN AT ANY GIVEN TIME IN 4 SEPARATE CLASSES. BY MAINTAINING A TEACHER TO CHILD RATIO OF 1 TO 4.5 THROUGHOUT THE SCHOOL, A NURTURING NURSERY SCHOOL ENVIRONMENT WHERE EACH CHILD'S INDIVIDUAL DEVELOPMENT IS GIVEN THOUGHTFUL ATTENTION.FROM SEPTEMBER THROUGH JUNE, THE SCHOOL PROVIDES A MONDAY - FRIDAY NURSERY SCHOOL CURRICULUM FROM 8:30 AM TO 1:00 PM, WITH EARLY DROP OFF AND EXTENDED DAY OPTIONS AVAILABLE. A MODIFIED CURRICULUM IS AVAILABLE IN JUNE, JULY AND AUGUST THROUGH THE SCHOOL'S "SUMMER CAMP".

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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 $371,811

Program Service Revenue $1,638,976

Investment Income $134,246

Other Revenue $-41,310

TOTAL REVENUE $2,103,723

Expense Breakdown

Grants Paid $560

Salaries & Benefits $1,646,171

Fundraising Expenses $60,641

Program Expenses $1,713,233

Other Expenses $496,424

TOTAL EXPENSES $2,143,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,103,723	$2,318,626	-0.1%
Expenses	$2,143,155	$1,908,934	+0.1%
Net Income	$-39,432	$409,692	-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

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

$287,550

Total Directors

$159,057

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE RHODES	ASST. DIRECTOR/DIRECTOR OF FINANCE	40.00	Officer Director	$127,518	$31,539	$159,057
JULIA BRODY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MIGLIONICO	DIRECTOR	1.00	Director	$0	$0	$0
KAILEY THERIAULT BAIRD	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW JOHN BOTICA	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
CHRISTINA DUREBEK	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE WALSH	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDER VANNONI	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
MORGAN HOLZAEPFEL	CHAIR/DIRECTOR	1.00	Officer Director	$0	$0	$0
SAM SPIRN	DIRECTOR	1.00	Director	$0	$0	$0
DARLENE HUSON	EXECUTIVE DIRECTOR (AS OF 7/1/24)	40.00	Officer	$111,166	$17,327	$128,493
CHRISTINA GUEVIN-FORMER EXEC	DIRECTOR/TRANSITION DIR.7/1-12/31/24	15.00		$162,637	$119,891	$282,528

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	$2,103,723	$2,143,155	$4,190,524	$-39,432
2024	$2,318,626	$1,908,934	$4,296,439	$409,692
2023	$2,314,837	$1,994,554	$4,198,131	$320,283
2022	$1,871,671	$1,703,289	$2,884,052	$168,382
2021	$1,569,586	$1,437,844	$2,693,971	$131,742
2020	$1,587,675	$1,418,960	$2,646,550	$168,715
2019	$1,470,797	$1,456,339	$2,351,313	$14,458
2018	$1,550,562	$1,397,934	$2,225,300	$152,628