FIRST STATE MONTESSORI ACADEMY

EIN: 273480706 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$12,141,672
Total Expenses
$10,673,104
Total Assets
$26,922,699
Net Assets
$-9,910,358
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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
DE
Principal Officer
COURTNEY FOX
Phone
3025761500
Tax Period
2024-07-01 to 2025-06-30

FIRST STATE MONTESSORI ACADEMY, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $12.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $10.7M left a modest 12% surplus.

Mission

THE MISSION OF THE FIRST STATE MONTESSORI ACADEMY IS TO CREATE SUCCESSFUL, CONTRIBUTING, LIFE-LONG LEARNERS IN A MONTESSORI PUBLIC EDUCATIONAL PROGRAM FOR STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,944,160
Program Service Revenue $3,762,231
Investment Income $435,281
Other Revenue $0
TOTAL REVENUE $12,141,672

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,718,640
Fundraising Expenses $0
Program Expenses $8,064,598
Other Expenses $2,954,464
TOTAL EXPENSES $10,673,104

Year-over-Year Comparison

2024 2023 Change
Revenue $12,141,672 $10,997,947 +0.1%
Expenses $10,673,104 $10,921,344 0.0%
Net Income $1,468,568 $76,603 +18.2%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGHAN NEWBERRY CHAIR 10.00
Officer Director
$0 $0 $0
BECKY PHILLIPS BOD MEMBER 1.00
Director
$0 $0 $0
MATT PETRIN TREASURER 1.00
Officer Director
$0 $0 $0
LINDSAY ABRAHAM SECRETARY 1.00
Officer Director
$0 $0 $0
ANABELLE O'MALLEY BOD MEMBER 1.00
Director
$0 $0 $0
MATTHEW BENDER BOD MEMBER 1.00
Director
$0 $0 $0
ALISHAH WATSON BOD MEMBER 1.00
Director
$0 $0 $0
KRISTEN GIDEON BOD MEMBER 1.00
Director
$0 $0 $0
RIKKI PETRUCELLI BOD MEMBER 1.00
Director
$0 $0 $0
EMILY BURTON BOD MEMBER 1.00
Director
$0 $0 $0
COURTNEY FOX HEAD OF SCHOOL 37.50
Highest
$162,175 $73,834 $236,009
ELIZABETH MADEN DIRECTOR OF EDUCATION 37.50
Highest
$115,843 $58,775 $174,618
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 $12,141,672 $10,673,104 $26,922,699 $1,468,568
2024 $10,997,947 $10,921,344 $26,724,465 $76,603
2023 $10,249,424 $11,068,567 $26,634,875 $-819,143
2022 $9,183,891 $10,524,885 $29,682,717 $-1,340,994
2021 $8,779,589 $10,581,416 $28,716,404 $-1,801,827
2020 $9,632,202 $10,805,388 $25,895,465 $-1,173,186
2019 $7,873,955 $8,573,982 $9,685,865 $-700,027
2018 $7,149,941 $7,720,789 $8,151,679 $-570,848
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