Cornerspring Montessori School

EIN: 260181216 501(c)(3) Education

Belfast, ME

Total Revenue
$961,007
Total Expenses
$961,985
Total Assets
$2,030,736
Net Assets
$839,867
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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
2007
Legal Domicile
ME
Principal Officer
Geir Gasiednes
Phone
2073385800
Tax Period
2023-09-01 to 2024-08-31

Cornerspring Montessori School, founded in 2007, is a small nonprofit in the Education sector that reported $961K in total revenue in fiscal year 2023.

Mission

The Cornerspring Montessori School's purpose is to provide a learning environment in which children are able to reach their individual potential.

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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 (2023)

Revenue Breakdown

Contributions & Grants $57,824
Program Service Revenue $883,512
Investment Income $140
Other Revenue $19,531
TOTAL REVENUE $961,007

Expense Breakdown

Grants Paid $0
Salaries & Benefits $711,744
Fundraising Expenses $76
Program Expenses $711,440
Other Expenses $250,241
TOTAL EXPENSES $961,985

Year-over-Year Comparison

2023 2022 Change
Revenue $961,007 $949,130 +0.0%
Expenses $961,985 $915,683 +0.1%
Net Income $-978 $33,447 -1.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
27
Volunteers
100

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mica Schweitzer-Bluhm Secretary 2.00
Officer Director
$0 $0 $0
Jennifer Albee Treasurer 3.00
Officer Director
$0 $0 $0
Dottie Cole Director 1.00
Director
$0 $0 $0
Geir Gasiednes President 5.00
Officer Director
$0 $0 $0
Jed Kriegel Director 1.00
Director
$0 $0 $0
Meghan Barker Director 2.00
Director
$0 $0 $0
Susan J Beemer Head of School 40.00
Officer Director
$0 $0 $0
Geoff Bird Vice President 3.00
Officer Director
$0 $0 $0
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 $961,007 $961,985 $2,030,736 $-978
2023 $949,130 $915,683 $2,146,073 $33,447
2022 $928,484 $856,471 $2,166,731 $72,013
2021 $1,009,223 $773,210 $2,009,793 $236,013
2020 $616,626 $705,491 $1,643,766 $-88,865
2019 $518,949 $617,239 $1,616,668 $-98,290
2018 $523,395 $636,361 $1,724,622 $-112,966
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