GRACE NEIGHBORHOOD NURSERY SCHOOL

EIN: 264760429 501(c)(3) Human Services

MINNEAPOLIS, MN

Total Revenue
$722,608
Total Expenses
$650,268
Total Assets
$515,251
Net Assets
$469,364
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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
2009
Legal Domicile
MN
Principal Officer
BARBARA MURPHY
Phone
6128728131
Tax Period
2023-09-01 to 2024-08-31

GRACE NEIGHBORHOOD NURSERY SCHOOL, founded in 2009, is a small nonprofit in the Human Services sector that reported $723K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $650K left a modest 10% surplus.

Mission

GRACE NEIGHBORHOOD NURSERY SCHOOL IS A PLAY-BASED PRESCHOOL PROGRAM THAT HAS BEEN SERVING THE MINNEAPOLIS COMMUNITY FOR 60 YEARS. OUR MISSION IS TO PROVIDE A HIGH-QUALITY, NURTURING, EDUCATIONAL EXPERIENCE FOR PRESCHOOL CHILDREN OF DIVERSE BACKGROUNDS. THROUGH OUR SCHOLARSHIP PROGRAM WE ASPIRE TO SERVE MANY CHILDREN WHO WOULD OTHERWISE NOT BE ABLE TO HAVE THIS TYPE OF EXPERIENCE IN EARLY CHILDHOOD. OUR GOAL IS TO RAISE ENOUGH FUNDS EACH YEAR THAT 20% OR MORE OF GRACE STUDENTS CAN RECEIVE TUITION ASSISTANCE.

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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 $127,019
Program Service Revenue $598,059
Investment Income $370
Other Revenue $-2,840
TOTAL REVENUE $722,608

Expense Breakdown

Grants Paid $0
Salaries & Benefits $483,878
Fundraising Expenses $97,643
Program Expenses $396,226
Other Expenses $166,390
TOTAL EXPENSES $650,268

Year-over-Year Comparison

2023 2022 Change
Revenue $722,608 $644,148 +0.1%
Expenses $650,268 $608,939 +0.1%
Net Income $72,340 $35,209 +1.1%
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
12
Independent Members
12
Employees
15
Volunteers
40

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
1
$95,931
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNIE MEISTER DIRECTOR 1.00
Director
$0 $0 $0
KELLY HENRY CHAIR 1.00
Director
$0 $0 $0
RICK DELMONICO DIRECTOR 1.00
Director
$0 $0 $0
NICK MOULTON SECRETARY 1.00
Director
$0 $0 $0
MATT SPIES TREASURER 1.00
Director
$0 $0 $0
ROSS THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
MEG MONTGOMERY DIRECTOR 1.00
Director
$0 $0 $0
DANIEL ENDERTON DIRECTOR 1.00
Director
$0 $0 $0
GREG JONES DIRECTOR 1.00
Director
$0 $0 $0
ERIC JORGENSEN DIRECTOR 1.00
Director
$0 $0 $0
EVA MORRISON DIRECTOR 1.00
Director
$0 $0 $0
BARBARA MURPHY EXECUTIVE DIRECTOR 40.00
Officer
$80,657 $15,274 $95,931
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 $722,608 $650,268 $515,251 $72,340
2023 $644,148 $608,939 $403,494 $35,209
2022 $667,066 $586,681 $353,604 $80,385
2021 $459,780 $514,130 $373,308 $-54,350
2020 $414,882 $449,407 $367,083 $-34,525
2019 $508,348 $508,534 $305,354 $-186
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