MONTESSORI SCHOOL OF IOWA CITY INC

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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

1994

Legal Domicile

Principal Officer

TERRAH TAGGART

Phone

3193389650

Tax Period

2023-07-01 to 2024-06-30

MONTESSORI SCHOOL OF IOWA CITY INC, founded in 1994, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023.

Mission

TO PROVIDE AUTHENTIC MONTESSORI EDUCATION THAT SERVES THE CHILD'S INTRINSIC MOTIVATION TO LEARN AND IS INCLUSIVE, SUSTAINABLE AND HOLISTIC.

Program Service Accomplishments

Program 1

Expenses: $983,233 Revenue: $1,008,524

PROVIDE EDUCATIONAL AND CHILD CARE SERVICES TO 102 CHILDREN, AGES 2-10.

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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 $71,741

Program Service Revenue $1,008,524

Investment Income $29,992

Other Revenue $0

TOTAL REVENUE $1,110,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $831,966

Fundraising Expenses $0

Program Expenses $983,233

Other Expenses $270,886

TOTAL EXPENSES $1,102,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,110,257	$1,060,437	+0.0%
Expenses	$1,102,852	$1,060,297	+0.0%
Net Income	$7,405	$140	+51.9%

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

$70,803

Total Directors

$153,979

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRAH TAGGART	HEAD OF SCHOOL	40.00	Officer Director	$58,549	$12,254	$70,803
KATILYN KELLY	STAFF REPRESENTATIVE	40.00	Director	$39,802	$1,133	$40,935
ASHLEY HOWARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATE FURMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL GROSS	TREASURER	1.00	Officer Director	$0	$0	$0
ARI ARIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
COREY DIESER	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA HANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHANNA KLOUDA	BOARD MEMBER	1.00	Director	$0	$0	$0
CARRIE SCHUETTPELZ	BOARD MEMBER	1.00	Director	$0	$0	$0
SULE GUMUS YILDIRIM	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER CARLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN DUMONT	STAFF REPRESENTATIVE	40.00	Director	$39,923	$2,318	$42,241

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	$1,110,257	$1,102,852	$1,578,339	$7,405
2023	$1,060,437	$1,060,297	$1,597,742	$140
2022	$1,366,190	$899,979	$1,645,278	$466,211
2021	$920,638	$888,806	$1,320,521	$31,832
2020	$786,642	$766,522	$1,312,708	$20,120
2019	$875,705	$719,562	$1,210,973	$156,143