NORTH BRIDGE ACADEMY

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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

2015

Legal Domicile

Principal Officer

KAREN ROSENQUIST

Phone

4154625657

Tax Period

2023-07-01 to 2024-06-30

NORTH BRIDGE ACADEMY, founded in 2015, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2023.

Mission

TO EDUCATE HIGH FUNCTIONING DYSLEXIC CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $3,082,170 Revenue: $3,296,632

THE SCHOOL PROVIDED SPECIALIZED INSTRUCTION BY TEACHERS WITH SPECIALIZED TRAINING FOR CHILDREN, GRADES 2 THROUGH 8 THAT STRUGGLE WITH READING AND WRITING. THE SCHOOL USES METHODOLOGIES THAT ALIGN...

THE SCHOOL PROVIDED SPECIALIZED INSTRUCTION BY TEACHERS WITH SPECIALIZED TRAINING FOR CHILDREN, GRADES 2 THROUGH 8 THAT STRUGGLE WITH READING AND WRITING. THE SCHOOL USES METHODOLOGIES THAT ALIGN WITH RESEARCH-BASED PRACTICES THAT ARE SHOWN TO BE EFFECTIVE WITH CHILDREN WITH LANGUAGE-BASED LEARNING DIFFERENCES, SUCH AS DYSLEXIA. OUR SCHOOL BELIEVES THAT NOT ONLY SHOULD STUDENTS' CHALLENGES BE REMEDIATED BUT THEIR STRENGTHS IDENTIFIED. TO THAT END, WE OFFER MUSIC, ART, STEM, OUTDOOR EDUCATION, COOKING AND GARDENING. TYPICALLY AFTER 3 YEARS (APPROXIMATELY), STUDENTS' CHALLENGES ARE REMEDIATED AND THEY ARE PREPARED FOR SUCCESS IN MAINSTREAM SCHOOLS. WE HOST A SUMMER SCHOOL PROGRAM THAT PROVIDES INTERVENTION IN THE MORNING AND STRENGTH-BASED ACTIVITIES IN THE AFTERNOON.

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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 $188,326

Program Service Revenue $3,296,632

Investment Income $40,831

Other Revenue $-3,132

TOTAL REVENUE $3,522,657

Expense Breakdown

Grants Paid $367,500

Salaries & Benefits $2,354,578

Fundraising Expenses $24,123

Program Expenses $3,082,170

Other Expenses $828,949

TOTAL EXPENSES $3,551,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,522,657	$3,542,257	0.0%
Expenses	$3,551,027	$2,944,612	+0.2%
Net Income	$-28,370	$597,645	-1.0%

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

$37,837

Total Directors

Key Employees

$201,678

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW KROPP	TREASURER	0.75	Officer Director	$0	$0	$0
CARRI ABRAHMS	SECRETARY	0.75	Officer Director	$0	$0	$0
JESSICA NENNER	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVE WILLIAMS	BOARD MEMBER	0.50	Director	$0	$0	$0
GLENDA SELL	BOARD MEMBER	0.50	Director	$0	$0	$0
KAREN ROSENQUIST	PRESIDENT AND CEO	40.00	Officer	$37,500	$337	$37,837
ANNIE CROWDER	HEAD OF SCHOOL	40.00	Key Emp	$182,664	$19,014	$201,678
PRIYA TJERANDSEN	HEAD LEARNING SPECIALIST	40.00	Highest	$139,553	$1,256	$140,809
JAMES BRUNNER	SCIENCE/STEM TEACHER	40.00	Highest	$110,191	$9,706	$119,897

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	$3,522,657	$3,551,027	$3,168,789	$-28,370
2023	$3,542,257	$2,944,612	$3,355,034	$597,645
2022	$2,690,229	$2,525,942	$1,901,027	$164,287
2021	$2,630,963	$2,233,546	$1,767,161	$397,417
2020	$1,930,159	$1,733,590	$1,653,662	$196,569
2019	$1,901,122	$1,156,911	$1,271,767	$744,211
2018	$1,063,783	$683,522	$801,841	$380,261