FAMILY PRESCHOOL INC

EIN: 560956492 501(c)(3) Education

DURHAM, NC

Total Revenue
$309,517
Total Expenses
$302,366
Total Assets
$274,225
Net Assets
$274,225
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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
1972
Legal Domicile
NC
Principal Officer
DAN TOLOMAY
Phone
9194021500
Tax Period
2023-07-01 to 2024-06-30

FAMILY PRESCHOOL INC, founded in 1972, is a small nonprofit in the Education sector that reported $310K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

COOPERATIVE PRESCHOOL PROGRAM

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,190
Program Service Revenue $290,941
Investment Income $3,343
Other Revenue $7,043
TOTAL REVENUE $309,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $219,103
Fundraising Expenses $0
Program Expenses $263,893
Other Expenses $83,263
TOTAL EXPENSES $302,366

Year-over-Year Comparison

2023 2022 Change
Revenue $309,517 $282,519 +0.1%
Expenses $302,366 $245,782 +0.2%
Net Income $7,151 $36,737 -0.8%
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

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Governance

Voting Members
15
Independent Members
14
Employees
14
Volunteers
108

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
5
$23,449
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATIE TOSH PRESIDENT 4.00
Officer Director
$0 $0 $0
WHITNEY EIBL VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
DAN TOLOMAY TREASURER 2.00
Officer Director
$0 $0 $0
ELIZABETH BAIER COMMMUNICATIONS 0.60
Director
$0 $0 $0
KATIE HORVATH CLASS REP 1.00
Director
$0 $0 $0
EN BANTA REGISTRAR 1.00
Director
$0 $0 $0
RICHARD BOBHOLZ FUNDRAISING 0.80
Director
$0 $0 $0
KIRAH DANIELS FAMILY RELATIONS 0.60
Director
$0 $0 $0
STEPHANIE PINKIN FAMILY RELATIONS 0.60
Director
$0 $0 $0
SARAH KEIGER SECRETARY 2.00
Officer Director
$0 $0 $0
CHRISTINE HEARN VICE-PRESIDENT 2.00
Director
$0 $0 $0
LINDSAY WARNER CLASS REP 1.00
Director
$0 $0 $0
JEFF HAWKINSON CLASS REP 1.00
Director
$0 $0 $0
KARLA PATEL CLASS REP 1.00
Director
$0 $0 $0
SARA OWENS DIRECTOR 20.00
Officer
$23,449 $0 $23,449
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 $309,517 $302,366 $274,225 $7,151
2023 $282,519 $245,782 $258,516 $36,737
2022 $297,463 $198,747 $216,383 $98,716
2021 $132,782 $162,878 $186,158 $-30,096
2020 $201,481 $212,049 $169,972 $-10,568
2019 $214,019 $198,435 $147,555 $15,584
2018 $178,687 $204,296 $128,607 $-25,609
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