GRACE NEIGHBORHOOD NURSERY SCHOOL

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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

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 64 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 UP TO 10% OF GRACE STUDENTS CAN RECEIVE TUITION ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $396,226 Revenue: $598,059

GRACE NEIGHBORHOOD NURSERY SCHOOL SERVED A TOTAL OF 62 CHILDREN IN OUR HALF DAY CLASSES IN THE 2023-24 SCHOOL YEAR. OUR LICENSED CAPACITY IS 66 CHILDREN IN THE BUILDING AT ONE TIME. THE SCHOOL YEAR WAS COMPRISED OF 185 DAYS FROM SEPTEMBER - JUNE. TOTAL EXPENSES FOR THE YEAR WERE $608,582. SIX CHILDREN WERE AWARDED SCHOLARSHIPS FOR A TOTAL OF $38,668.

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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 $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

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

$95,931

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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