THISTLEWAITHE LEARNING CENTER INC

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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

2000

Legal Domicile

Principal Officer

MARIA FITZGERALD

Phone

9149773662

Tax Period

2023-01-01 to 2023-12-31

THISTLEWAITHE LEARNING CENTER INC, founded in 2000, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 4% surplus.

Mission

Learning center educating children to be strong, well-adjusted personalities,who will have the motivation and courage to make individual decisions and to discern intelligently while maintaining respect and mutual understanding of all other individuals

Program Service Accomplishments

Program 1

Expenses: $1,732,821 Revenue: $2,002,415

EARLY CHILDHOOD LEARNING CENTER AND AFTERSCHOOL PROGRAM

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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 $148,136

Program Service Revenue $1,945,671

Investment Income $1,953

Other Revenue $0

TOTAL REVENUE $2,095,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,394,038

Fundraising Expenses $26,064

Program Expenses $1,732,821

Other Expenses $610,733

TOTAL EXPENSES $2,004,771

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,095,760	$1,840,944	+0.1%
Expenses	$2,004,771	$1,819,286	+0.1%
Net Income	$90,989	$21,658	+3.2%

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

Total Directors

$228,410

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA FITZGERALD	EXECUTIVE DIRECTOR	40.00	Director	$228,410	$0	$228,410
HILDA GRESSLER	ADVISORY BOARD MEMBER	1.00	Director	$0	$0	$0
ANN MARIE LIPARI	ADVISORY BD MEMBER & SEC	1.00	Director	$0	$0	$0
LINDA CORSO ESQ	ADVISORY BD MEMBER & PRES	1.00	Director	$0	$0	$0
MICHELE BRIGGS	ADVISORY BOARD MEMBER	1.00	Director	$0	$0	$0
DANA E STAHL	ADVISORY BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA SPOSATO	ADVISORY BOARD MEMBER	1.00	Director	$0	$0	$0
MARYBETH FINNERTY	ENVIRONMENTAL CONTROL	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	$2,095,760	$2,004,771	$2,618,483	$90,989
2022	$1,840,944	$1,819,286	$2,488,559	$21,658
2021	$1,820,153	$1,587,894	$3,265,149	$232,259
2020	$1,059,223	$1,318,372	$3,023,316	$-259,149
2019	$1,540,336	$1,468,495	$3,101,335	$71,841
2018	$1,603,868	$1,402,267	$3,073,059	$201,601