NORTHEASTERN CHILD CARE SERVICES

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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

1988

Legal Domicile

Principal Officer

MARGARET LOMEO-JEFFREY

Phone

5703410811

Tax Period

2024-07-01 to 2025-06-30

NORTHEASTERN CHILD CARE SERVICES, founded in 1988, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2024.

Mission

NORTHEASTERN CHILD CARE SERVICES, A NOT-FOR-PROFIT ORGANIZATION, STRIVES TO PROVIDE HIGH QUALITY EARLY CARE AND LEARNING OPPORTUNITIES FOR CHILDREN FROM BIRTH THROUGH TWELVE YEARS. IN ORDER TO PROVIDE THE ABOVE, EVERY EFFORT IS MADE TO WORK IN COLLABORATION WITH THE FAMILY, OTHER CHILD CARE PROVIDERS AND COMMUNITY RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $1,336,192 Revenue: $1,593,912

DEVELOPMENTAL EARLY CHILDHOOD EDUCATION PROGRAM FOR CHILDREN AGED FROM INFANCY THROUGH TWELVE YEARS THAT ENABLES PARENTS AND GUARDIANS TO WORK OR TRAIN FOR WORK.

Program 2

Expenses: $100,045 Revenue: $146,098

SPONSOR OF A CHILD CARE NUTRITION PROGRAM TO ASSURE PROVISION OF NUTRITOUS MEALS AND SNACKS IN CHILD CARE FACILITIES. THE COST OF PRE-K CHILDREN AMOUNTED TO $73,864 AND IS INCLUDED ON LINE 4C.

Program 3

Expenses: $1,051,776 Revenue: $997,500

QUALITY PRE-KINDERGARTEN INITIATIVE FOR CHILDREN AGED THREE TO FIVE YEARS TO ENSURE SUCCESSFUL TRANSITION INTO KINDERGARTEN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,968,117

Program Service Revenue $804,804

Investment Income $38,625

Other Revenue $24

TOTAL REVENUE $2,811,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,195,212

Fundraising Expenses $0

Program Expenses $2,488,013

Other Expenses $693,900

TOTAL EXPENSES $2,889,112

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,811,570	$2,724,284	+0.0%
Expenses	$2,889,112	$2,693,583	+0.1%
Net Income	$-77,542	$30,701	-3.5%

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

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

$94,593

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK APOSTOLICO	TREASURER	1.00	Officer Director	$0	$0	$0
JIM CALVEY	VICE-PRESDIENT	1.00	Officer Director	$0	$0	$0
VITO FORLENZA PHD	SECRETARY	1.00	Director	$0	$0	$0
MAGGIE HAWK	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN PALUMBO	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLON E PREATE	PRESIDENT, CHAIRMAN	1.00	Officer Director	$0	$0	$0
HONORABLE MARGARET A BIGASANI MOYLE	BOARD MEMBER	1.00	Director	$0	$0	$0
ELAINE ERRICO	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA LYNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET LOMEO-JEFFREY	EXEC DIRECTOR	37.50	Officer	$85,007	$9,586	$94,593

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	$2,811,570	$2,889,112	$1,345,999	$-77,542
2024	No data	No data	No data	No data
2023	$2,727,130	$2,599,261	$1,407,094	$127,869
2022	$2,619,720	$2,404,703	$1,164,916	$215,017
2021	$2,463,130	$2,242,713	$1,347,802	$220,417
2020	$2,661,573	$2,677,988	$1,552,282	$-16,415
2019	$3,421,458	$3,485,978	$1,586,856	$-64,520
2018	$6,034,731	$6,000,319	$1,386,109	$34,412