PARK STREET SCHOOL INC

EIN: 043488022 501(c)(3) Education

BOSTON, MA

Total Revenue
$11,540,646
Total Expenses
$9,114,405
Total Assets
$27,825,031
Net Assets
$19,209,062
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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
MA
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 OFFER A CHRISTIAN-BASED SET OF PROGRAMS AND SERVICES FOR PRESCHOOL AND ELEMENTARY SCHOOL AGED CHILDREN WHICH INCLUDES AN EDUCATIONAL CURRICULUM AND RECREATIONAL ACTIVITIES TO AID IN THE INTELLECTUAL, SOCIAL, PHYSICAL, EMOTIONAL AND SPIRITUAL GROWTH OF STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $6,230,730 Revenue: $8,343,999

A NEIGHBORHOOD SCHOOL THAT SEEKS TO UNITE CHILDREN OF DIVERSE RACIAL, ETHNIC, AND ECONOMIC BACKGROUNDS FROM GREATER BOSTON IN A NURTURING SCHOOL OF THE HIGHEST ACADEMIC STANDARDS. THROUGH AN...

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A NEIGHBORHOOD SCHOOL THAT SEEKS TO UNITE CHILDREN OF DIVERSE RACIAL, ETHNIC, AND ECONOMIC BACKGROUNDS FROM GREATER BOSTON IN A NURTURING SCHOOL OF THE HIGHEST ACADEMIC STANDARDS. THROUGH AN ENGAGING, CONTENT-RICH CURRICULUM, WE STRIVE TO EMPOWER AND EQUIP EACH CHILD WITH A LOVE OF LEARNING, A PASSION FOR TRUTH, A HEART FOR OTHERS, AND AN UNDERSTANDING OF GOD'S LOVE AND GRACE FOR US IN JESUS CHRIST. DURING THE 2024-2025 ACADEMIC YEAR THE SCHOOL HAD 222 PRESCHOOL AND ELEMENTARY SCHOOL AGES STUDENTS.

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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 (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

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Governance

Voting Members
12
Independent Members
11
Employees
88
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
4
$565,563
Total Directors
12
$298,191
Key Employees
0
$0
Highest Compensated
2
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
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