Red Hook Playgroup Incorporated

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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

2007

Legal Domicile

Principal Officer

Tara Canty

Phone

7187974186

Tax Period

2022-09-01 to 2023-08-31

Red Hook Playgroup Incorporated, founded in 2007, is a small nonprofit in the Human Services sector that reported $751K in total revenue in fiscal year 2022. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $843K exceeded revenue, resulting in a 12% operating deficit.

Mission

The Red Hook Playgroup's mission is to provide a high quality, progressive, affordable preschool where children will be challenged and cared for in a loving, supportive and creative environment.

Program Service Accomplishments

Program 1

Expenses: $745,363 Revenue: $517,723

The Red Hook Playgroup (RHP) is a progressive preschool for children ages two-and-a-half to five years old. Each year RHP works to develop a community of learners, who are equipped at this early...

The Red Hook Playgroup (RHP) is a progressive preschool for children ages two-and-a-half to five years old. Each year RHP works to develop a community of learners, who are equipped at this early period of development to think creatively and critically, and to respect, support, and learn from all members of their community. The school year runs from September to June with an optional Summer 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $233,253

Program Service Revenue $517,723

Investment Income $23

Other Revenue $0

TOTAL REVENUE $750,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $469,241

Fundraising Expenses $2,517

Program Expenses $745,363

Other Expenses $373,860

TOTAL EXPENSES $843,101

Year-over-Year Comparison

	2022	2021	Change
Revenue	$750,999	$1,295,474	-0.4%
Expenses	$843,101	$1,186,096	-0.3%
Net Income	$-92,102	$109,378	-1.8%

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

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

$84,285

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tara Canty	Executive Director	40.00	Officer	$84,285	$0	$84,285
Amy Orr	Co-President	2.00	Officer Director	$0	$0	$0
Rachel Kugelman	Co-President	2.00	Officer Director	$0	$0	$0
Sharon Wibabara	Treasurer	2.00	Officer Director	$0	$0	$0
Anna Martin	Secretary	2.00	Officer Director	$0	$0	$0
Marice Maldari	Board Member	2.00	Director	$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
2023	$750,999	$843,101	$751,245	$-92,102
2022	$1,295,474	$1,186,096	$1,087,005	$109,378
2021	$1,008,707	$1,055,927	$1,666,830	$-47,220
2020	$1,101,827	$1,178,284	$1,347,012	$-76,457
2019	$1,024,627	$988,449	$1,411,350	$36,178
2018	$987,533	$897,378	$1,222,994	$90,155