PRESCHOOL ADVANTAGE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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

PRESCHOOL ADVANTAGE PROVIDES FUNDING FOR QUALIFIED CHILDREN TO ATTEND OUR PARTNER PRESCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $771,723

PRESCHOOL ASSISTANCE: THE FIRST YEARS OF A CHILD'S LIFE ARE CRITICAL TO LAYING THE FOUNDATION FOR A LIFETIME LOVE OF LEARNING. EARLY CHILDHOOD EDUCATION SETS THE STAGE FOR FUTURE GROWTH AND PROPELS CHILDREN ONTO THEIR EDUCATIONAL PATHS. DESPITE THE UNDENIABLE IMPORTANCE OF A SOLID EDUCATIONAL START, MANY LOCAL CHILDREN HAVE NO MEANS TO ATTEND PRESCHOOL. PRESCHOOL ADVANTAGE SERVES THE POPULATION OF STRUGGLING FAMILIES WHO DO NOT QUALIFY FOR GOVERNMENT FUNDED PROGRAMS BECAUSE THEY EARN ABOVE THE POVERTY LEVEL, BUT ARE STILL EARNING BELOW THE LEVEL OF SUSTAINABILITY FOR OUR REGION. THESE FAMILIES SIMPLY CANNOT AFFORD THE COST OF A PRESCHOOL FOR THEIR CHILD THUS HINDERING THE CHILD'S SUCCESS AND OPPORTUNITIES LATER IN LIFE. THE LACK OF SOURCES OF ASSISTANCE FOR WORKING FAMILIES UNABLE TO SUPPORT THE COST OF PRESCHOOL LED TO THE FOUNDING OF PRESCHOOL ADVANTAGE IN MORRISTOWN IN 1995. TO DATE, WE HAVE FUNDED ALMOST 1,900 HALF-DAY PRESCHOOL TUITIONS FOR OVER 1,400 CHILDREN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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