DOWNTOWN LITTLE SCHOOL INC (EIN 134057312) - 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

MEREDITH GARY

Phone

2127911300

Tax Period

2022-07-01 to 2023-06-30

DOWNTOWN LITTLE SCHOOL INC, founded in 1999, is a small nonprofit in the Education sector that reported $984K in total revenue in fiscal year 2022. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

AFFORDABLE PRESCHOOL EDUCATION FOR CHILDREN IN AND AROUND LOWER MANHATTAN

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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 (2022)

Revenue Breakdown

Contributions & Grants $174,338

Program Service Revenue $804,028

Investment Income $5,194

Other Revenue $103

TOTAL REVENUE $983,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $744,230

Fundraising Expenses $0

Program Expenses $910,151

Other Expenses $382,815

TOTAL EXPENSES $1,127,045

Year-over-Year Comparison

	2022	2021	Change
Revenue	$983,663	$1,272,936	-0.2%
Expenses	$1,127,045	$1,034,124	+0.1%
Net Income	$-143,382	$238,812	-1.6%

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

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

$182,199

Total Directors

$182,199

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE DELACORTE	PRESIDENT/CO	40.00	Officer Director	$93,324	$0	$93,324
MEREDITH GARY	SECRETARY/CO	40.00	Officer Director	$88,875	$0	$88,875
BETH DOMINGUEZ	TRUSTEE	1.00	Director	$0	$0	$0
ADRIAN HOOD	TRUSTEE	1.00	Director	$0	$0	$0
DONALD HUBER	TRUSTEE	1.00	Director	$0	$0	$0
AZ JENKINS	TRUSTEE	1.00	Director	$0	$0	$0
SUNITA SHAH	TRUSTEE	1.00	Director	$0	$0	$0
NANCY VASCELLARO	TRUSTEE	1.00	Director	$0	$0	$0
LOUISE WHITTET	TRUSTEE	1.00	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
2023	$983,663	$1,127,045	$846,771	$-143,382
2022	$1,272,936	$1,034,124	$1,018,055	$238,812
2021	$890,788	$931,028	$962,427	$-40,240

DOWNTOWN LITTLE SCHOOL INC