HEARTWOOD MONTESSORI SCHOOL - NORT… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

SINEAD CAROLAN

Phone

6122207504

Tax Period

2024-08-01 to 2025-07-31

HEARTWOOD MONTESSORI SCHOOL - NORTHEAST, founded in 2014, is a small nonprofit in the Human Services sector that reported $783K in total revenue in fiscal year 2024.

Mission

TO GROW COMMUNITY BY EMPOWERING CHILDREN THROUGH RESPECT, INDEPENDENCE, AND DISCOVERY WITHIN AN AUTHENTIC, ACCESSIBLE, AND EQUITABLE MONTESSORI LEARNING ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $723,873 Revenue: $724,187

HEARTWOOD MONTESSORI - NORTHEAST PROVIDES HIGH-QUALITY MONTESSORI EDUCATIONAL SERVICES IN THE NORTHEAST MINNEAPOLIS COMMUNITY. HEARTWOOD COMPLETED IT'S NINETH YEAR AND IS LICENSED FOR A CAPACITY OF 50 CHILDREN ENROLLED IN MONTESSORI PROGRAMS. THE MONTESSORI CURRENTLY ENROLLS CHILDREN AGED SIXTEEN MONTHS THROUGH THE KINDERGARTEN YEAR.

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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 $48,955

Program Service Revenue $724,187

Investment Income $6,058

Other Revenue $4,291

TOTAL REVENUE $783,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $605,349

Fundraising Expenses $12,108

Program Expenses $723,873

Other Expenses $210,191

TOTAL EXPENSES $815,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$783,491	$786,506	0.0%
Expenses	$815,540	$849,684	0.0%
Net Income	$-32,049	$-63,178	-0.5%

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

$79,118

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE VISHNESKI	PRESIDENT	2.00	Officer Director	$0	$0	$0
LAURA DOTSETH	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
MOLLY EACH	PAST PRESIDE	1.00	Director	$0	$0	$0
HEIDI HODOROWSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
KIMBERLY HOLM	TREASURER	1.00	Officer Director	$0	$0	$0
MONICA KING	DIRECTOR	1.00	Director	$0	$0	$0
SINEAD CAROLAN	HEAD OF SCHO	40.00	Officer	$79,118	$0	$79,118

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	$783,491	$815,540	$298,999	$-32,049
2024	$786,506	$849,684	$189,160	$-63,178
2023	$800,355	$851,608	$342,067	$-51,253
2022	$603,474	$575,789	$137,475	$27,685
2021	$471,674	$408,896	$89,790	$62,778
2020	$254,375	$285,854	$57,612	$-31,479

HEARTWOOD MONTESSORI SCHOOL - NORTHEAST