NORRIS SQUARE EDUCATION CORPORATION (EIN 261297642) - 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

1982

Legal Domicile

Principal Officer

MICHELLE CARRERA

Phone

2154268723

Tax Period

2023-10-01 to 2024-09-30

NORRIS SQUARE EDUCATION CORPORATION, founded in 1982, is a micro nonprofit in the Education sector that reported $21K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $262K exceeded revenue, resulting in a 1119% operating deficit.

Mission

TO ENGAGE IN COMMUNITY DEVELOPMENT ACTIVITIES IN THE NORRIS SQUARE NEIGHBORHOOD AND SPECIFICALLY TO OWN AND DEVELOP THE FORMER ST. BONIFACE CHURCH COMPLEX, A LARGE BLIGHTED PROPERTY IN THE HEART OF THE COMMUNITY.

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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 $0

Program Service Revenue $21,499

Investment Income $0

Other Revenue $0

TOTAL REVENUE $21,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,098

Fundraising Expenses $0

Program Expenses $210,643

Other Expenses $103,943

TOTAL EXPENSES $262,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,499	$32,962	-0.3%
Expenses	$262,041	$230,629	+0.1%
Net Income	$-240,542	$-197,667	+0.2%

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

$195,321

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH P HOWARD	PRESIDENT	0.50	Officer Director	$0	$0	$0
WILFREDO ROJAS	TREASURER (THRU DEC 2023)	0.50	Officer Director	$0	$0	$0
SANDRA CARRION-FOY	DIRECTOR	0.50	Director	$0	$0	$0
MARIA SOURBEER	DIRECTOR	0.50	Director	$0	$0	$0
NOEMI RIVERA	DIRECTOR (EFF DEC 2023)	0.50	Director	$0	$0	$0
MICHELLE CARRERA	CEO-XIENTE	9.00	Officer	$0	$16,868	$195,321
JESSE HUNTING	VP OF FINANCE AND REAL ESTATE	5.00	Highest	$0	$5,719	$124,016

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	$21,499	$262,041	$2,341,564	$-240,542
2023	$32,962	$230,629	$2,423,906	$-197,667
2022	$13,643	$182,284	$2,456,010	$-168,641
2021	$9,559	$244,887	$2,459,315	$-235,328
2020	$17,891	$419,509	$2,499,500	$-401,618
2019	$26,259	$155,217	$2,567,379	$-128,958
2018	$80,353	$118,756	$2,657,852	$-38,403

NORRIS SQUARE EDUCATION CORPORATION