South Coast Montessori School

EIN: 814994237 501(c)(3) Education

Goleta, CA

Total Revenue
$2,380,783
Total Expenses
$2,103,576
Total Assets
$805,058
Net Assets
$736,363
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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
2017
Legal Domicile
CA
Principal Officer
Michael McLernon
Phone
8058456555
Tax Period
2025-01-01 to 2025-12-31

South Coast Montessori School, founded in 2017, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2025. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 12% surplus.

Mission

South Coast Montessori is dedicated to the principles of AMI (Association Montessori International) created by Maria Montessori to ensure authenticity of the method. Our AMI Montessori environments foster collaboration, community and peace, and provide experiences that promote curiosity, inquiry and engagement. We are dedicated to meeting the physical, emotional, social and intellectual needs of each student.

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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 (2025)

Revenue Breakdown

Contributions & Grants $83,463
Program Service Revenue $2,276,697
Investment Income $20,623
Other Revenue $0
TOTAL REVENUE $2,380,783

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,577,121
Fundraising Expenses $4,574
Program Expenses $1,925,541
Other Expenses $526,455
TOTAL EXPENSES $2,103,576

Year-over-Year Comparison

2025 2024 Change
Revenue $2,380,783 $1,879,049 +0.3%
Expenses $2,103,576 $1,865,316 +0.1%
Net Income $277,207 $13,733 +19.2%
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
5
Independent Members
5
Employees
41
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian Cogswell Head of School 60.00
$145,530 $0 $145,530
Leah Shannon Teacher and Board Member 40.00
$121,379 $0 $121,379
Michael McLernon President 1.00
Officer
$0 $0 $0
Rick Drake Vice President 1.00
Officer
$0 $0 $0
Bailey Miller Treasurer 1.00
Officer
$0 $0 $0
Chelsea Frei Secretary 1.00
Officer
$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
2025 $2,380,783 $2,103,576 $805,058 $277,207
2024 $1,879,049 $1,865,316 $556,582 $13,733
2023 $1,662,381 $1,676,405 $502,955 $-14,024
2022 $1,509,934 $1,521,791 $509,506 $-11,857
2021 $1,637,045 $1,342,981 $534,838 $294,064
2020 $998,839 $1,054,926 $215,904 $-56,087
2019 $1,069,996 $984,883 $263,227 $85,113
2018 $799,221 $767,643 $179,110 $31,578
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