FIRST NURSERY SCHOOL OF UTICA

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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

NADEAN GLEITSMANN

Phone

3157976523

Tax Period

2020-08-01 to 2021-07-31

FIRST NURSERY SCHOOL OF UTICA, founded in 2000, is a small nonprofit that reported $163K in total revenue in fiscal year 2020. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $154K left a modest 6% surplus.

Mission

EDUCATION OF CHILDREN 3-5 YEARS. THERE ARE TWO PROGRAMS; NURSERY SCHOOL AND UNIVERSAL PRE - K. THE PRIMARY OBJECTIVE OF BOTH PROGRAMS IS KINDERGARTEN READINESS.

Program Service Accomplishments

Program 1

Expenses: $302 Revenue: $128

THE THREE YEAR OLD NURSERY SCHOOL CURRICULUM IS DESIGNED TO MEET DEVELOPMENTALLY AGE APPROPRIATE COGNITIVE, SOCIAL AND BEHAVORIAL OBJECTIVES. A CLASS OF UP TO 12 CHILDREN MEETS FIVE TIMES A WEEK FOR 2.5 HOURS A DAY. THROUGH SPECIAL EVENTS (FUNDRAISING) MONEY IS RAISED TO COVER SHORTFALLS IN TUITION SO THAT NO CHILD IS TURNED AWAY DUE TO INABILITY TO PAY. THE NURSERY SCHOOL STAFF PROVIDES DAYCARE SERVICES FOR BOTH THE NURSERY SCHOOL AND THE UPK PROGRAM.

Program 2

Expenses: $148,410 Revenue: $108,279

UPK OBJECTIVES ARE THE SAME AS ABOVE EXCEPT AGE APPROPRIATE FOR FOUR YEAR OLDS. SIX SESSIONS OF 15 - 18 STUDENTS MEETS 5 DAYS PER WEEK, 2.5 HOURS A DAY. THE PROGRAM IS FREE TO CHILDREN WHO LIVE IN...

UPK OBJECTIVES ARE THE SAME AS ABOVE EXCEPT AGE APPROPRIATE FOR FOUR YEAR OLDS. SIX SESSIONS OF 15 - 18 STUDENTS MEETS 5 DAYS PER WEEK, 2.5 HOURS A DAY. THE PROGRAM IS FREE TO CHILDREN WHO LIVE IN THE UTICA CITY SCHOOL DISTRICT AND IS FUNDED BY A GRANT THOUGH THE UTICA CITY SCHOOL DISTRICT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $108,279

Program Service Revenue $128

Investment Income $0

Other Revenue $54,812

TOTAL REVENUE $163,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,594

Fundraising Expenses $0

Program Expenses $148,712

Other Expenses $24,265

TOTAL EXPENSES $153,859

Year-over-Year Comparison

	2020	2019	Change
Revenue	$163,219	$328,233	-0.5%
Expenses	$153,859	$328,190	-0.5%
Net Income	$9,360	$43	+216.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NADEAN GLEITSMANN	EDUCATIONAL	N/A	Director	$0	$0	$0
ANDREA AKINS	LIASON	N/A	Officer	$0	$0	$0
SANDRA FITZGERALD	PRESIDENT/TR	N/A	Officer	$0	$0	$0
EDITH LATHAN	STAFF REP	N/A	Officer	$0	$0	$0
BERTHA MOREHOUSE	LIASON	N/A	Officer	$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
2021	$163,219	$153,859	No data	$9,360
2020	$328,233	$328,190	$25,388	$43
2019	$355,131	$355,116	$27,605	$15
2018	$367,417	$365,457	$36,475	$1,960