Montessori Society of Greater Grand Rapids (EIN 382473823) - 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

1938

Legal Domicile

Principal Officer

Jan Reed

Phone

6164518627

Tax Period

2024-07-01 to 2025-06-30

Montessori Society of Greater Grand Rapids, founded in 1938, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Expenses of $3.6M left a modest 12% surplus.

Mission

Stepping Stones Montessori School nutures global citizens and guides each child to realize thier unique potential

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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 (2024)

Revenue Breakdown

Contributions & Grants $198,272

Program Service Revenue $3,763,932

Investment Income $47,557

Other Revenue $74,583

TOTAL REVENUE $4,084,344

Expense Breakdown

Grants Paid $192,475

Salaries & Benefits $2,801,708

Fundraising Expenses $73,128

Program Expenses $2,882,160

Other Expenses $602,618

TOTAL EXPENSES $3,596,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,084,344	$3,991,106	+0.0%
Expenses	$3,596,801	$3,553,925	+0.0%
Net Income	$487,543	$437,181	+0.1%

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

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

$119,605

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jan Reed	Head of School	40.00	Officer Highest	$118,000	$1,605	$119,605
Mandy Chardoul	Director	2.00	Director	$0	$0	$0
Jennifer Faber	director	2.00	Director	$0	$0	$0
Abraham Jones	Director	2.00	Director	$0	$0	$0
Jamie Benvenuto	Director	2.00	Director	$0	$0	$0
Lauren Reilly	Director	2.00	Director	$0	$0	$0
Meg Russell	Director	2.00	Director	$0	$0	$0
Brian Bakkila	President	2.00	Officer	$0	$0	$0
Kelly Bartlett	Secretary	2.00	Officer	$0	$0	$0
Walter Perschbacher	Finance Chair	2.00	Officer	$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
2025	$4,084,344	$3,596,801	$4,093,058	$487,543
2024	$3,991,106	$3,553,925	$3,720,857	$437,181
2023	$3,299,343	$3,043,268	$3,144,146	$256,075
2022	$3,289,324	$2,336,834	$2,467,836	$952,490
2021	$2,089,381	$2,316,579	$1,587,955	$-227,198
2020	$2,904,710	$2,186,563	$1,518,173	$718,147
2019	$2,222,366	$2,480,740	$976,105	$-258,374
2018	$1,862,306	$2,048,609	$1,124,732	$-186,303

Montessori Society of Greater Grand Rapids