BUSHWICK IMPROVEMENT SOCIETY INC STAGG STREET CENTER FOR CHILDREN (EIN 112478788) - 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

1969

Legal Domicile

Principal Officer

Irma Varner

Phone

7183881395

Tax Period

2023-07-01 to 2024-06-30

BUSHWICK IMPROVEMENT SOCIETY INC STAGG STREET CENTER FOR CHILDREN, founded in 1969, is a small nonprofit in the Human Services sector that reported $984K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

Provide high quality low-cost child care and early education services to poor and working families in the Bushwick community of Brooklyn, New York.

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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 $902,950

Program Service Revenue $80,873

Investment Income $0

Other Revenue $0

TOTAL REVENUE $983,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $539,536

Fundraising Expenses $0

Program Expenses $929,559

Other Expenses $542,340

TOTAL EXPENSES $1,081,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$983,823	$1,051,922	-0.1%
Expenses	$1,081,876	$1,017,526	+0.1%
Net Income	$-98,053	$34,396	-3.9%

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

$76,368

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Verbeanur Griffin	Educational Director	35	Officer	$76,368	$0	$76,368
Irma Varner	President	1	Officer Director	$0	$0	$0
Katurah Carr	Vice Chairperson	1	Officer Director	$0	$0	$0
Rochelle Duclair	Secretary	1	Officer Director	$0	$0	$0
Alice Barnes	Treasurer	1	Officer Director	$0	$0	$0
Alice Peaks	Board member	1	Director	$0	$0	$0
Fannie Watts	Board member	1	Director	$0	$0	$0
Anjave Barnes	Board member	1	Director	$0	$0	$0
Fred De La Cuadra	Board member	1	Director	$0	$0	$0

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	$983,823	$1,081,876	$478,754	$-98,053
2023	$1,051,922	$1,017,526	$550,041	$34,396
2022	$1,631,652	$988,999	$556,566	$642,653
2021	$1,211,304	$1,093,700	$824,894	$117,604
2020	$1,201,577	$1,303,559	$1,024,810	$-101,982
2019	$1,219,509	$1,335,118	$927,791	$-115,609
2018	$1,182,826	$1,448,838	$969,213	$-266,012

BUSHWICK IMPROVEMENT SOCIETY INC STAGG STREET CENTER FOR CHILDREN