PEGASUS SPRINGS EDUCATION COLLECTIVE INC

EIN: 832972414 501(c)(3)

READING, MA

Total Revenue
$95,106
Total Expenses
$86,713
Total Assets
$16,504
Net Assets
$16,441
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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
2019
Legal Domicile
MA
Principal Officer
LORRAINE MARTIN
Phone
9786649222
Tax Period
2023-01-01 to 2023-12-31

PEGASUS SPRINGS EDUCATION COLLECTIVE INC, founded in 2019, is a micro nonprofit that reported $95K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $87K left a modest 9% surplus.

Mission

CONNECTING AND SUPPORTING EDUCATORS, STUDENTS, COMMUNITIES, AND ORGANIZATIONS, TO CONTINUOUSLY NURTURE EFFECTIVE LEARNING CULTURE FOR THE ENTIRE EDUCATIONAL

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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 $95,106
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $95,106

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $74,592
Other Expenses $86,713
TOTAL EXPENSES $86,713

Year-over-Year Comparison

2023 2022 Change
Revenue $95,106 $386,854 -0.8%
Expenses $86,713 $407,993 -0.8%
Net Income $8,393 $-21,139 -1.4%
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
2
Independent Members
2
Employees
N/A
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG MARTIN PRESIDENT 2.00
Officer
$0 $0 $0
LORRAINE MARTIN VICE PRESIDENT 2.00
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
2024 No data No data No data No data
2023 $95,106 $86,713 $16,504 $8,393
2022 $386,854 $407,993 $8,617 $-21,139
2021 $162,946 $162,652 $30,015 $294
2020 $234,424 $243,071 $29,105 $-8,647
2019 $496,883 $459,131 $95,483 $37,752
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