Springtide Education Initiatives

EIN: 881073525 501(c)(3) Education

Traverse City, MI

Total Revenue
$348,437
Total Expenses
$346,576
Total Assets
$103,728
Net Assets
$103,728
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MI
Phone
2314992749
Tax Period
2025-01-01 to 2025-12-31

Springtide Education Initiatives, founded in 2021, is a small nonprofit in the Education sector that reported $348K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year.

Mission

Springtide Education Initiatives Northern Blooms Montessori is a child care center serving children ages 12 months through six years of age. One teacher with one assistant in each classroom provides care for the enrolled children. The program operates in two-classroom in the Commongrounds real estate cooperative in Traverse City. 100 percent of the staff's time will be dedicated to caring for the children and the classroom environment. This program is a new program, so past activities have all been volunteer: all expenses thus far have gone into the construction and project management necessary to get the center opened. Funding thus far has been through private and public grants. Currently, approximately 1 percent of our overall expenses is currently allocated to the funding activities. Moving forward, this program will be funded through enrollment fees, membership fees, tuition, donations, and grants. Parent volunteers will provide a large part of the services for the funding structur

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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 $3,000
Program Service Revenue $345,437
Investment Income $0
Other Revenue $0
TOTAL REVENUE $348,437

Expense Breakdown

Grants Paid $0
Salaries & Benefits $262,912
Fundraising Expenses $0
Program Expenses $233,684
Other Expenses $83,664
TOTAL EXPENSES $346,576

Year-over-Year Comparison

2025 2024 Change
Revenue $348,437 $376,025 -0.1%
Expenses $346,576 $284,049 +0.2%
Net Income $1,861 $91,976 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
11
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lacie Thornton President 1.00
Officer Director
$0 $0 $0
Victoria Murphy Director 1.00
Director
$0 $0 $0
Brian Thelen Treasurer 1.00
Officer Director
$0 $0 $0
Claire Frye Secretary 1.00
Officer 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
2025 $348,437 $346,576 $103,728 $1,861
2024 No data No data No data No data
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