HARTSHORN SCHOOL PARENT TEACHER

EIN: 200887176 501(c)(3) Education

SHORT HILLS, NJ

Total Revenue
$502,158
Total Expenses
$371,954
Total Assets
$476,462
Net Assets
$403,344
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NJ
Principal Officer
KAREN LUFTGLASS
Phone
9733764575
Tax Period
2024-07-01 to 2025-06-30

HARTSHORN SCHOOL PARENT TEACHER, founded in 2004, is a small nonprofit in the Education sector that reported $502K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $130K, a strong 26% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO BRING INTO CLOSER RELATION THE HOME AND SCHOOL SO THAT PARENTS, GUARDIANS, ADMINISTRATORS, AND TEACHERS MAY COOPERATE INTELLIGENTLY IN THE EDUCATION OF CHILDREN AND YOUTH; TO DEVELOP BETWEEN EDUCATORS AND THE GENERAL PUBLIC SUCH UNITED EFFORTS AS WILL PROMOTE FOR ALL CHILDREN AND YOUTH A QUALITY EDUCATION; TO PROMOTE THE WELFARE OF CHILDREN AND YOUTH IN HOME, SCHOOL, AND COMMUNITY; AND TO SECURE ADEQUATE LAWS FOR THE CARE AND PROTECTION OF CHILDREN AND YOUTH.

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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 $99,846
Program Service Revenue $383,496
Investment Income $58
Other Revenue $18,758
TOTAL REVENUE $502,158

Expense Breakdown

Grants Paid $60,864
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $357,848
Other Expenses $311,090
TOTAL EXPENSES $371,954

Year-over-Year Comparison

2024 2023 Change
Revenue $502,158 $589,553 -0.1%
Expenses $371,954 $697,745 -0.5%
Net Income $130,204 $-108,192 -2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
9
Independent Members
9
Employees
N/A
Volunteers
300

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
9
$5
Total Directors
9
$5
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN LUFTGLASS CO-PRESIDENT 5.00
Officer Director
$0 $0 $0
ANNA SILVERMAN CO-PRESIDENT 5.00
Officer Director
$0 $0 $0
AMY BLACK VP-FINANCE 5.00
Officer Director
$0 $0 $0
LAUREN BETTMAN VP-FUNDRAISI 5.00
Officer Director
$0 $0 $0
AMY GALE VP-PROGRAMS 5.00
Officer Director
$0 $0 $0
KELLIE LIANG VP-COMMUNICA 5.00
Officer Director
$0 $0 $0
DEVON SEIDELL TREASURER 5.00
Officer Director
$5 $0 $5
VANDYA DEVULAPALLI CORRESP SEC' 5.00
Officer Director
$0 $0 $0
MIM SUBOTOVSKY RECORDING SE 5.00
Officer 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 $502,158 $371,954 $476,462 $130,204
2024 $589,553 $697,745 $358,232 $-108,192
2023 $579,959 $530,128 $467,904 $49,831
2022 $349,179 $252,400 $378,736 $96,779
2021 $142,369 $140,429 $276,656 $1,940
2020 $132,114 $138,417 $274,494 $-6,303
2019 $276,271 $286,924 $264,660 $-10,653
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