PARK STREET SCHOOL INC (EIN 043488022) - 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

1999

Legal Domicile

Principal Officer

HEATHER MORRISSEY

Phone

6175237577

Tax Period

2024-07-01 to 2025-06-30

PARK STREET SCHOOL INC, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $11.5M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 21% operating margin.

Mission

TO PROVIDE CHRISTIAN-BASED EDUCATION FOR PRESCHOOL AND ELEMENTARY SCHOOL AGED 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 $2,664,896

Program Service Revenue $8,284,597

Investment Income $507,353

Other Revenue $83,800

TOTAL REVENUE $11,540,646

Expense Breakdown

Grants Paid $1,920,236

Salaries & Benefits $4,981,549

Fundraising Expenses $483,301

Program Expenses $6,230,730

Other Expenses $2,212,620

TOTAL EXPENSES $9,114,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,540,646	$9,179,404	+0.3%
Expenses	$9,114,405	$8,476,853	+0.1%
Net Income	$2,426,241	$702,551	+2.5%

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

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

195

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

$565,563

Total Directors

$298,191

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER MORRISSEY	PRESIDENT	2.00	Director	$0	$0	$0
JOSE FLOREZ	VICE-PRESIDENT	2.00	Director	$0	$0	$0
PHIL DUMAS	TREASURER	2.00	Director	$0	$0	$0
MAGGIE BEGLEY	CLERK	2.00	Director	$0	$0	$0
GEOFFREY RAUX	APPOINTED PSC ELDER	1.00	Director	$0	$0	$0
GABRIEL LING	TRUSTEE	1.00	Director	$0	$0	$0
JOE MARCONI	TRUSTEE	1.00	Director	$0	$0	$0
DAN BERGLUND	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN TISDALLE	TRUSTEE	1.00	Director	$0	$0	$0
LEXI MILTENBERGER	TRUSTEE	1.00	Director	$0	$0	$0
LEONARD MOSIAH	TRUSTEE	1.00	Director	$0	$0	$0
TRACY BRADLEY	TRUSTEE AND HEAD OF SCHOOL	40.00	Officer Director	$267,614	$30,577	$298,191
HELEN TELFER	DIRECTOR OF FINANCE (TO 11/24)	40.00	Officer	$135,207	$14,115	$149,322
KRISTIN DONAVAN	DIRECTOR OF FINANCE (AS OF 6/25)	40.00	Officer	$0	$0	$0
KARA CLARK	BUSINESS MANAGER	36.00	Officer	$87,550	$30,500	$118,050
LORNA SPENCE	DIRECTOR OF ADMISSIONS	40.00	Highest	$101,543	$7,355	$108,898
TIMOTHY HAWKINS	DIRECTOR OF DEVELOPMENT	40.00	Highest	$111,832	$4,575	$116,407

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	$11,540,646	$9,114,405	$27,825,031	$2,426,241
2024	$9,179,404	$8,476,853	$25,552,404	$702,551
2023	$8,461,516	$8,224,149	$23,941,530	$237,367
2022	$7,847,918	$7,884,816	$23,904,620	$-36,898
2021	$8,512,210	$8,080,773	$24,533,073	$431,437
2020	$7,155,951	$6,445,342	$23,424,790	$710,609

PARK STREET SCHOOL INC