APPLETREE INSTITUTE FOR EDUCATION INNOVATION (EIN 043331760) - 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

1996

Legal Domicile

Principal Officer

WILLIAM J MCCARTHY

Phone

2025261503

Tax Period

2023-07-01 to 2024-06-30

APPLETREE INSTITUTE FOR EDUCATION INNOVATION, founded in 1996, is a mid-sized nonprofit in the Education sector that reported $18.4M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

THE MISSION OF THE INSTITUTE IS TO PROVIDE THREE AND FOUR YEAR OLDS WITH SOCIAL, EMOTIONAL, AND COGNITIVE FOUNDATIONS THEY NEED TO THRIVE IN KINDERGARTEN AND BEYOND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,187,261

Program Service Revenue $12,907,982

Investment Income $501,564

Other Revenue $805,177

TOTAL REVENUE $18,401,984

Expense Breakdown

Grants Paid $36,300

Salaries & Benefits $14,600,527

Fundraising Expenses $242,779

Program Expenses $16,966,514

Other Expenses $5,395,807

TOTAL EXPENSES $20,134,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,401,984	$21,894,694	-0.2%
Expenses	$20,134,578	$21,363,192	-0.1%
Net Income	$-1,732,594	$531,502	-4.3%

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

205

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

$1,033,523

Total Directors

$547,054

Key Employees

$705,935

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CELIA MARTIN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
PAULA YOUNG SHELTON	BOARD VICE C	2.00	Officer Director	$0	$0	$0
RITA CHAPIN	TREASURER	2.00	Officer Director	$0	$0	$0
KAREN DAVENPORT	DIRECTOR	2.00	Director	$0	$0	$0
MATT DOWNS	DIRECTOR	2.00	Director	$0	$0	$0
TOM FIRTH	DIRECTOR	2.00	Director	$0	$0	$0
SARA GLENN	DIRECTOR	2.00	Director	$0	$0	$0
BRIDGET BRADLEY GRAY	DIRECTOR	2.00	Director	$0	$0	$0
SHELLEY HUGHES	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER MCKINNEY	DIRECTOR	2.00	Director	$0	$0	$0
SKYLE PEARSON	DIRECTOR	2.00	Director	$0	$0	$0
DEB SMOLOVER	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM J MCCARTHY	PRESIDENT AN	40.00	Officer Director	$287,852	$38,723	$326,575
JAMIE MILES	CHIEF OF SCH	17.00	Officer Director	$96,036	$12,422	$220,479
THOMAS KEANE JR	GENERAL COUN	26.00	Officer	$170,768	$36,113	$242,452
ALEXANDER FEDDOULI - CHIEF	FINANCIAL OF	28.00	Officer	$175,085	$9,806	$244,017
CRYSTAL HILL - CHIEF PEOPLE	OFFICER	21.00	Key Emp	$137,052	$20,111	$227,304
CHAVAUGHN BROWN - EXECUTIVE	VICE PRESIDE	37.00	Key Emp	$207,940	$12,794	$231,952
ANNE ZUMMO MALONE - CHIEF OF	GROWTH AND I	37.00	Key Emp	$198,403	$41,862	$246,679
KELLY TRYGSTAD - DIRECTOR OF	TEACHING & L	40.00	Highest	$151,920	$10,703	$162,623
JOLAINE LANAU-PIERRE	CONTROLLER	34.00	Highest	$120,166	$34,648	$177,279
NATASHA PARRILLA - DIR OF COMMS	EARLY LEARNI	31.00	Highest	$105,497	$27,269	$159,787
ABBY CARLSON - DIRECTOR OF RESEARCH	AND IMPACT	39.00	Highest	$123,915	$31,144	$157,406

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	No data	No data	No data	No data
2024	$18,401,984	$20,134,578	$18,067,982	$-1,732,594
2023	$21,894,694	$21,363,192	$20,208,878	$531,502
2022	$21,905,586	$18,849,993	$13,334,876	$3,055,593
2021	$16,950,350	$14,543,302	$11,136,365	$2,407,048
2020	$15,860,721	$14,109,290	$8,323,915	$1,751,431
2019	$16,320,727	$15,796,436	$6,724,309	$524,291

APPLETREE INSTITUTE FOR EDUCATION INNOVATION