MAINSPRING SCHOOLS INC (EIN 741143055) - Form 990 Financial Analysis & Trantor Score

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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

1948

Legal Domicile

Principal Officer

CAROLINE PAGE

Phone

5124422301

Tax Period

2023-09-01 to 2024-08-31

MAINSPRING SCHOOLS INC, founded in 1948, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDE CHILD CARE SERVICES TO LOW INCOME FAMILIES.

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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 $802,069

Program Service Revenue $1,243,804

Investment Income $75,606

Other Revenue $20,290

TOTAL REVENUE $2,141,769

Expense Breakdown

Grants Paid $9,371

Salaries & Benefits $1,929,754

Fundraising Expenses $147,406

Program Expenses $1,914,114

Other Expenses $555,058

TOTAL EXPENSES $2,494,183

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,141,769	$2,683,950	-0.2%
Expenses	$2,494,183	$2,505,282	0.0%
Net Income	$-352,414	$178,668	-3.0%

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

$129,582

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM WESTON	PAST CHAIRMAN	2.00	Officer Director	$0	$0	$0
CAROLINE PAGE	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
AMY HURT	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY GROOMS	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
KEVIN FINCHER	BOARD MEMBER	2.00	Director	$0	$0	$0
JODIE EASLEY	BAORD MEMBER	2.00	Director	$0	$0	$0
LISA KILLOUGH	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
KATIE FELICE	BOARD MEMBER	2.00	Director	$0	$0	$0
DR JAY L MCCULLAR	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDY SWANSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DESHONDRA BOOKER	BAORD MEMBER	2.00	Director	$0	$0	$0
CHRISSY CITZLER-CARR	BAORD MEMBER	2.00	Director	$0	$0	$0
PATRICK HARRISON	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN MORALES	BOARD MEMBER	2.00	Director	$0	$0	$0
JEANNE REICES	BOARD MEMBER	2.00	Director	$0	$0	$0
COLIN SWANSON	EXECUTIVE DIRECTOR	40.00	Officer	$118,457	$11,125	$129,582

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
2024	$2,141,769	$2,494,183	$2,183,403	$-352,414
2023	$2,683,950	$2,505,282	$2,417,521	$178,668
2022	$2,435,201	$2,174,150	$2,188,108	$261,051
2021	$2,420,883	$1,841,509	$2,134,237	$579,374
2020	$2,005,756	$1,725,148	$1,401,783	$280,608
2019	$1,884,975	$1,659,505	$1,099,664	$225,470
2018	$1,581,539	$1,461,341	$849,724	$120,198

MAINSPRING SCHOOLS INC