GARCIA STREET CLUB INC

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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

1945

Legal Domicile

Principal Officer

RACHEL WALDROP

Phone

5059839512

Tax Period

2023-11-01 to 2024-10-31

GARCIA STREET CLUB INC, founded in 1945, is a small nonprofit that reported $806K in total revenue in fiscal year 2023. Expenses of $928K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE A LEARNING ENVIRONMENT AVAILABLE TO ALL SANTA FE CHILDREN, REGARDLESS OF FINANCIAL ABILITY. SERVICES ARE PROVIDED BASED ON THE PRINCIPLES OF EQUALITY, DIVERSITY AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $392,391 Revenue: $443,617

PRESCHOOL PROGRAM GARCIA STREET CLUB (GSC) SERVED OVER 90 FAMILIES IN 2023-2024 BY PROVIDING HIGH-QUALITY EARLY CHILDHOOD EDUCATION AND CARE TO CHILDREN AGES ONE THROUGH FIVE. OUR CURRICULUM, BASED ON STATE OF NEW MEXICO'S EARLY LEARNING GUIDELINES, PROMOTES SCHOOL-READINESS IN ALL THE CORE EARLY LEARNING DOMAINS. IT ALLOWS TEACHERS TO ASSESS CHILDREN'S DEVELOPMENT PROGRESS IN EVERY AREA (PHYSICAL, COGNITIVE, COMMUNICATION AND LANGUAGE, CREATIVE, AND SOCIAL-EMOTIONAL).WE SUPPORT FAMILIES BY PROVIDING ONGOING CHILD ASSESSMENT AND IDENTIFYING DEVELOPMENTAL DELAYS AND LEARNING CHALLENGES AND ASSIST WITH SEEKING AND ARRANGING EARLY INTERVENTION SERVICES WHEN NECESSARY.

Program 2

Expenses: $264,149 Revenue: $295,744

TODDLER PROGRAM IN ADDITION TO OUR PRESCHOOL PROGRAMING, GARCIA STREET CLUB HAS ONE OF THE FEW EARLY LEARNING OPTIONS FOR TODDLERS AGES 12 TO 36 MONTHS IN THE SANTA FE AREA. IN 2023-24 WE HAD A TOTAL OF 30 ONE AND TWO YEAR-OLDS ENROLLED IN THE PROGRAM. OUR TODDLER CURRICULUM FOCUSES ON SOCIAL-EMOTIONAL COMPETENCE, COGNITIVE SKILL DEVELOPMENT, AND SENSORY EXPERIENCES, AS WELL AS LANGUAGE DEVELOPMENT, PRE-LITERACY, AND NUTRITION.

Program 3

Expenses: $70,703

FOOD PROGRAM GARCIA STREET CLUB SERVES A HEALTHY BREAKFAST AND AN AFTERNOON SNACK EACH DAY TO EACH CHILD ENROLLED IN THE PROGRAM. WE OFFER MILK, WHOLE GRAINS, FRESH FRUITS AND VEGETABLES AND PROTEIN EACH DAY. EACH CLASS ENGAGES IN THE PROGRAM BY PARTICIPATING IN A MONTHLY NUTRITION EDUCATION PROJECT TO BROADEN CHILDREN'S FOOD PREFERENCES, INTRODUCE NEW, HEALTHY FOODS, AND TEACH BASIC FOOD COOKING CONCEPTS. WE ALSO RECEIVE AND DISTRIBUTE FOOD TO FAMILIES WITH FOOD INSECURITY THROUGH A PARTNERSHIP WITH THE FOOD DEPOT FOOD BANK.

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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 $61,666

Program Service Revenue $739,361

Investment Income $4,919

Other Revenue $0

TOTAL REVENUE $805,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $757,859

Fundraising Expenses $17,239

Program Expenses $759,828

Other Expenses $170,022

TOTAL EXPENSES $927,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$805,946	$799,281	+0.0%
Expenses	$927,881	$905,008	+0.0%
Net Income	$-121,935	$-105,727	+0.2%

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

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

$89,913

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEREDITH SCHWEITZER	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOE GRIFFITH	TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTOPHER BRILL	SECRETARY	2.00	Officer Director	$0	$0	$0
JILLIAN BECKWORTH	DIRECTOR	1.00	Director	$0	$0	$0
BRITTNY WOOD	DIRECTOR	1.00	Director	$0	$0	$0
JULIA WISE	DIRECTOR	1.00	Director	$0	$0	$0
STACEY DOWNEN	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL WALDROP	EXECUTIVE DI	40.00	Officer	$87,389	$2,524	$89,913

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	$805,946	$927,881	$561,159	$-121,935
2023	$799,281	$905,008	$670,626	$-105,727
2022	$1,122,458	$835,578	$772,377	$286,880
2021	$1,009,797	$684,554	$618,519	$325,243
2020	$803,115	$745,615	$167,789	$57,500
2019	$776,984	$815,108	$115,310	$-38,124
2018	$811,728	$808,663	$118,530	$3,065
2017	$772,806	$774,944	$114,952	$-2,138