GILMORE MEMORIAL PRESCHOOL INC

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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

2001

Legal Domicile

Principal Officer

MS BRENDA BE

Phone

9734490120

Tax Period

2023-01-01 to 2023-12-31

GILMORE MEMORIAL PRESCHOOL INC, founded in 2001, is a community nonprofit in the Human Services sector that reported $5.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $5.7M left a modest 3% surplus.

Mission

WE ARE A PRESCHOOL LOCATED WITHIN THE CITY OF PATERSON EDUCATING OVER 300+ PRESCHOOLERS ANNUALLY

Program Service Accomplishments

Program 1

Expenses: $5,422,922 Revenue: $0

WE ARE A PRESCHOOL LOCATED WITHIN THE CITY OF PATERSON EDUCATING OVER 300+ PRESCHOOLERS ANNUALLY

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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 $5,863,503

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,863,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,054,704

Fundraising Expenses $0

Program Expenses $5,422,922

Other Expenses $1,613,111

TOTAL EXPENSES $5,667,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,863,503	$5,389,034	+0.1%
Expenses	$5,667,815	$5,243,531	+0.1%
Net Income	$195,688	$145,503	+0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MS BETTY HORTON	CEO	10.00	Officer	$0	$0	$0
ROBERT AUSTIN	DIRECTOR	10.00	Officer	$0	$0	$0
JOANN GIVENS	BD SEC	10.00	Officer	$0	$0	$0
PAUL GORMAN	TREASURE	10.00	Officer	$0	$0	$0
BRENDA BELMONT	EXECTUIVE DIRECTOR	40.00	Highest	$125,000	$0	$125,000

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	$5,863,503	$5,667,815	$2,513,787	$195,688
2023	$5,863,503	$5,687,610	$313,328	$175,893
2022	$5,012,641	$5,351,954	$447,013	$-339,313
2021	$4,592,561	$4,926,923	$709,957	$-334,362
2020	$3,851,051	$3,522,257	$643,923	$328,794
2019	$2,658,885	$2,699,957	$269,744	$-41,072