ELIZABETH IVES SCHOOL FOR SPECIAL CHILDR

EIN: 060804638 501(c)(3) Education

NORTH HAVEN, CT

Total Revenue
$865,534
Total Expenses
$1,020,904
Total Assets
$1,442,749
Net Assets
$1,298,493
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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
1963
Legal Domicile
CT
Principal Officer
LINDA ZUNDA
Phone
2032348770
Tax Period
2024-07-01 to 2025-06-30

ELIZABETH IVES SCHOOL FOR SPECIAL CHILDR, founded in 1963, is a small nonprofit in the Education sector that reported $866K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDING EDUCATIONAL AND THERAPEUTIC SERVICES TO STUDENTS WITH SPECIAL NEEDS WHO HAVE BEEN UNABLE TO SUCCEED IN THE MAINSTREAM SETTING. IN COLLABORATION WITH THE SENDING SCHOOL SYSTEM, FAMILIES AND OTHER PROFESSIONALS INVOLVED WITH STUDENTS, THE STAFF AT ELIZABETH IVES SCHOOL UTILIZE A TEAM APPROACH TO SUPPORT THE STUDENT IN DEVELOPING THE SKILLS AND PERCEPTIONS NECESSARY TO BE SUCCESSFUL. IT IS THE ULTIMATE GOAL OF THE SCHOOL TO SUPPORT STUDENTS IN REACHING THEIR MAXIMUM POTENTIAL BY GIVING THEM THE APPROPRIATE ACADEMIC, SOCIAL AND BEHAVIORAL SUPPORTS WHILE UTILIZING STRENGTH-BASED STRATEGIES AND INTERVENTIONS.

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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 $7,842
Program Service Revenue $857,320
Investment Income $0
Other Revenue $372
TOTAL REVENUE $865,534

Expense Breakdown

Grants Paid $0
Salaries & Benefits $834,960
Fundraising Expenses $0
Program Expenses $858,810
Other Expenses $185,944
TOTAL EXPENSES $1,020,904

Year-over-Year Comparison

2024 2023 Change
Revenue $865,534 $954,127 -0.1%
Expenses $1,020,904 $1,020,865 +0.0%
Net Income $-155,370 $-66,738 +1.3%
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

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Governance

Voting Members
6
Independent Members
5
Employees
17
Volunteers
N/A

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
5
$221,122
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS BROCKETT TREASURER 1.50
Officer Director
$0 $0 $0
NANCY BEACH SECRETARY 1.50
Officer Director
$0 $0 $0
WILLIAM SMITH CHAIRPERSON 1.50
Officer Director
$0 $0 $0
MAJORIE SCHULMAN DIRECTOR 1.50
Director
$0 $0 $0
PATTY BROCKET DIRECTOR 1.50
Director
$0 $0 $0
ANDREW DELVECCHIO DIRECTOR 1.50
Director
$0 $0 $0
LINDA ZUNDA EXECUTIVE DIRECTOR 47.50
Officer
$136,710 $8,088 $144,798
CHRISTOPHER MORUZZI ASSISTANT DIRECTOR 40.00
Officer
$76,324 $0 $76,324
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 $865,534 $1,020,904 $1,442,749 $-155,370
2025 $865,534 $1,020,904 $1,442,749 $-155,370
2024 $954,127 $1,020,865 $1,635,879 $-66,738
2023 $1,037,230 $987,837 $1,732,011 $49,393
2022 $1,014,659 $890,996 $1,740,064 $123,663
2021 $1,043,745 $775,863 $1,680,868 $267,882
2020 $898,274 $798,697 $1,598,211 $99,577
2019 $859,347 $912,094 $1,414,612 $-52,747
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