Somersworth Early Learning Center (EIN 300247901) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

Robert Silva

Phone

6037822811

Tax Period

2023-01-01 to 2023-05-31

Somersworth Early Learning Center, founded in 1973, is a small nonprofit that reported $210K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $439K exceeded revenue, resulting in a 109% operating deficit.

Mission

Provide affordable child care services for working families.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $42,735

Program Service Revenue $167,516

Investment Income $0

Other Revenue $0

TOTAL REVENUE $210,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $268,839

Fundraising Expenses $0

Program Expenses $326,862

Other Expenses $170,209

TOTAL EXPENSES $439,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,251	$946,910	-0.8%
Expenses	$439,048	$986,216	-0.6%
Net Income	$-228,797	$-39,306	+4.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Dreinczyk	Board memeber	1.00	Director	$0	$0	$0
Lynn Hapgood	Board memeber	1.00	Director	$0	$0	$0
Bill Peake	Board memeber	1.00	Director	$0	$0	$0
Robert Silva	Chair	10.00	Officer Director	$0	$0	$0
Ann Barrett	Vice-Chair	1.00	Officer Director	$0	$0	$0
Doreen Cole	Secretary	1.00	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
2023	$210,251	$439,048	No data	$-228,797
2022	$946,910	$986,216	$852,045	$-39,306
2021	$984,486	$911,722	$1,022,784	$72,764
2020	$875,035	$982,475	$964,354	$-107,440
2019	$915,190	$1,014,278	$934,771	$-99,088
2018	$924,570	$1,013,584	$1,051,791	$-89,014

Somersworth Early Learning Center