THE MEMORIAL DAY NURSERY OF PATERSON INC

EIN: 221487580 501(c)(3) Human Services

PATERSON, NJ

Total Revenue
$6,256,609
Total Expenses
$5,509,960
Total Assets
$3,719,553
Net Assets
$2,005,046
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
NJ
Principal Officer
GINA M JOHNSON
Phone
9737424873
Tax Period
2022-07-01 to 2023-06-30

THE MEMORIAL DAY NURSERY OF PATERSON INC, founded in 1904, is a community nonprofit in the Human Services sector that reported $6.3M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.5M left a modest 12% surplus.

Mission

MEMORIAL DAY NURSERY PROVIDES AN EDUCATIONALLY APPROPRITE PROGRAM FOR CHILDREN AGES THREE TO FOUR. IN PARTNERSHIP WITH THEIR FAMILIES WE PROMOTE COGNITIVE, SOCIAL, PHYSICAL AND EMOTIONAL DEVELOPMENT, WHILE GIVING THE CHILDREN THE SUPPORT THE NEED TO SUCCEED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,088,748
Program Service Revenue $1,171,054
Investment Income $533
Other Revenue $-3,726
TOTAL REVENUE $6,256,609

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,222,401
Fundraising Expenses $0
Program Expenses $5,041,678
Other Expenses $1,287,559
TOTAL EXPENSES $5,509,960

Year-over-Year Comparison

2022 2021 Change
Revenue $6,256,609 $5,625,499 +0.1%
Expenses $5,509,960 $5,286,759 +0.0%
Net Income $746,649 $338,740 +1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
Employees
56
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
5
$163,400
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOROTHY BELL PRESIDENT 1.00
Officer Director
$0 $0 $0
TIMOTHY BROWN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TREVOR ALBERTINE 2ND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DEBORAH HOFFMAN TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT T BELL BOARD MEMBER 1.00
Director
$0 $0 $0
BEATRIZ GONZALEZ BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL SWEENEY BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY LARACY BOARD MEMBER 1.00
Director
$0 $0 $0
GINA JOHNSON EXECUTIVE DIRECTOR 40.00
Officer
$150,000 $13,400 $163,400
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 No data No data No data No data
2024 No data No data No data No data
2023 $6,116,989 $5,654,362 $3,405,373 $462,627
2023 $6,256,609 $5,509,960 $3,719,553 $746,649
2022 $5,618,925 $5,279,584 $2,993,663 $339,341
2022 $5,625,499 $5,286,759 $2,992,663 $338,740
2021 $4,384,182 $4,748,815 $2,750,375 $-364,633
2020 $5,422,539 $4,976,384 $3,148,000 $446,155
2019 $5,147,301 $4,926,902 $2,726,651 $220,399
2018 $4,918,309 $4,687,014 $2,631,879 $231,295
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