PRESCHOOL ADVANTAGE INC (EIN 223360099) - 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

1995

Legal Domicile

Principal Officer

KYLE COLWELL

Phone

9735322501

Tax Period

2023-01-01 to 2023-12-31

PRESCHOOL ADVANTAGE INC, founded in 1995, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $982K left a modest 8% surplus.

Mission

TO FUND TUITIONS TO PRESCHOOLS FOR LOW INCOME FAMILIES IN MORRIS AND SOMERSET COUNTY.

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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 $1,003,726

Program Service Revenue $0

Investment Income $53,122

Other Revenue $10,136

TOTAL REVENUE $1,066,984

Expense Breakdown

Grants Paid $590,984

Salaries & Benefits $308,698

Fundraising Expenses $109,899

Program Expenses $771,723

Other Expenses $82,526

TOTAL EXPENSES $982,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,066,984	$947,215	+0.1%
Expenses	$982,208	$955,602	+0.0%
Net Income	$84,776	$-8,387	-11.1%

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

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

$98,362

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTE SIMMONS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RAY HAWKINS	PRESIDENT	8.00	Officer Director	$0	$0	$0
GAIL REUTHER	SECRETARY	2.00	Officer Director	$0	$0	$0
LAUREN DIEMAR	TRUSTEE	2.00	Director	$0	$0	$0
CAROLYN SIMPSON	TRUSTEE	2.00	Director	$0	$0	$0
JOSHUA MACKOFF	TRUSTEE	2.00	Director	$0	$0	$0
KYLE COLWELL	TREASURER	2.00	Officer Director	$0	$0	$0
JUDY PIERCE	TRUSTEE	2.00	Director	$0	$0	$0
DENISE LANZA	TRUSTEE	2.00	Director	$0	$0	$0
GINGER MICHAELS	TRUSTEE	2.00	Director	$0	$0	$0
MATT MIRETT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARIA SAVETTIERE	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW SCHNEIDER	TRUSTEE	2.00	Director	$0	$0	$0
PAM SULLIVAN	TRUSTEE	2.00	Director	$0	$0	$0
NANCY BANGIOLA	EXECUTIVE DIRECTOR	40.00	Officer	$86,790	$11,572	$98,362

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
2024	No data	No data	No data	No data
2023	$1,066,984	$982,208	$2,138,082	$84,776
2022	$947,215	$955,602	$1,893,055	$-8,387
2021	$874,189	$891,241	$2,113,765	$-17,052
2020	$854,854	$549,320	$2,072,540	$305,534
2019	$944,342	$773,752	$1,629,706	$170,590
2018	$934,710	$647,574	$1,326,085	$287,136

PRESCHOOL ADVANTAGE INC