COMMUNITY DAY SCHOOL ASSOCIATION

EIN: 910987650 501(c)(3) Education

SEATTLE, WA

Total Revenue
$8,278,105
Total Expenses
$8,019,394
Total Assets
$4,106,130
Net Assets
$2,936,030
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
WA
Principal Officer
LAURA NICHOLSON
Phone
2067267972
Tax Period
2024-07-01 to 2025-06-30

COMMUNITY DAY SCHOOL ASSOCIATION, founded in 1977, is a community nonprofit in the Education sector that reported $8.3M in total revenue in fiscal year 2024. Expenses of $8.0M left a modest 3% surplus.

Mission

LEAD THE CHARGE TO BRILLIANT OUTCOMES FOR THE CHILDREN OF OUR COMMUNITY BY ENSURING EQUITABLE ACCESS TO THE HIGHEST QUALITY LEARNING AND CARE.

Program Service Accomplishments

Program 1
Expenses: $6,733,459 Revenue: $7,952,115

COMMUNITY DAY SCHOOL ASSOCIATION, DOING BUSINESS AS LAUNCH, WAS FOUNDED IN 1977 AS A WASHINGTON NONPROFIT CORPORATION DEDICATED TO PROVIDING HIGH-QUALITY ENRICHMENT PROGRAMMING FOR CHILDREN AGES...

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COMMUNITY DAY SCHOOL ASSOCIATION, DOING BUSINESS AS LAUNCH, WAS FOUNDED IN 1977 AS A WASHINGTON NONPROFIT CORPORATION DEDICATED TO PROVIDING HIGH-QUALITY ENRICHMENT PROGRAMMING FOR CHILDREN AGES 3-12. LAUNCH'S FIRST SITE OPENED AT MONTLAKE ELEMENTARY WITHIN THE SEATTLE PUBLIC SCHOOLS (SPS) SYSTEM. THE ORGANIZATION EXPANDED TO LESCHI ELEMENTARY IN 1988, HAWTHORNE ELEMENTARY IN 1995, AND MADRONA ELEMENTARY IN 1997, AND BROADENED ITS SCOPE IN 2000 WITH THE OPENING OF ITS FIRST PRESCHOOL AT LESCHI ELEMENTARY.(SEE ADDITIONAL DESCRIPTION CONTINUED ON SCHEDULE O)__IN THE 2024-2025 SCHOOL YEAR, LAUNCH OPERATED ELEVEN SCHOOL-AGE PROGRAMS (BEFORE- AND AFTER-SCHOOL PROGRAMS AND SUMMER LEARNING) AT TEN SPS ELEMENTARY SCHOOLS IN CENTRAL, SOUTHEAST, AND WEST SEATTLE-BEACON HILL, HAWTHORNE, HIGHLAND PARK, KIMBALL, LESCHI, MADRONA, MAPLE, MONTLAKE, WING LUKE, AND SANISLO-AS WELL AS A PROGRAM AT ITS NEWEST LOCATION IN RENTON AT CASCADE VISTA, CO-LOCATED ON THE IMPACT PUBLIC SCHOOLS BLACK RIVER ELEMENTARY CAMPUS.DURING 2024-2025, LAUNCH OPERATED NINE PRESCHOOL CLASSROOMS: ONE EACH AT BEACON HILL, HIGHLAND PARK, AND CASCADE VISTA; TWO AT MADRONA; ONE AT RAINIER COMMUNITY CENTER; ONE AT DELRIDGE COMMUNITY CENTER; AND TWO PRESCHOOL CLASSROOMS PLUS ITS FIRST EARLY PRESCHOOL CLASSROOM AT THE MILLER COMMUNITY CENTER ANNEX. ALL SEATTLE-BASED PRESCHOOL CLASSROOMS PARTICIPATE IN THE SEATTLE PRESCHOOL PROGRAM, A VOTER-APPROVED CITY OF SEATTLE INITIATIVE TO MAKE VOLUNTARY, HIGH-QUALITY PRESCHOOL ACCESSIBLE AND AFFORDABLE FOR ALL SEATTLE 3- AND 4-YEAR-OLD CHILDREN. LAUNCH'S FIRST OUT-OF-SEATTLE PRESCHOOL SITE IS LOCATED IN RENTON.CONSISTENT WITH ITS MISSION TO PROVIDE EQUITABLE ACCESS TO QUALITY LEARNING AND CARE, LAUNCH SERVES A HIGHLY DIVERSE POPULATION. FOR THE FISCAL YEAR ENDED JUNE 30, 2025, 59% OF ENROLLED CHILDREN IDENTIFIED AS MULTIRACIAL OR STUDENTS OF COLOR, 38% AS WHITE, AND 3% AS UNKNOWN OR UNANSWERED. ADDITIONALLY, 45% OF CHILDREN CAME FROM LOW- TO MODERATE-INCOME HOUSEHOLDS; 25% PRIMARILY SPOKE A NON-ENGLISH LANGUAGE AT HOME; 5% HAD A DISABILITY OR AN IEP; AND SOME FAMILIES WERE EXPERIENCING HOMELESSNESS. LAUNCH FAMILIES SPOKE 29 LANGUAGES. FORTY-THREE PERCENT OF FAMILIES REPORTED HOUSEHOLD INCOMES BELOW 80% OF THE AREA MEDIAN INCOME, AND 27% RECEIVED CHILDCARE SUBSIDIES THROUGH DSHS, THE CITY OF SEATTLE, OR OTHER PROVIDERS. MOST FAMILIES RELY ON LAUNCH SERVICES WHILE WORKING OR ENROLLED IN EDUCATION PROGRAMS, AND 47% IDENTIFIED AS ESSENTIAL WORKERS.LAUNCH OPERATES IN LINGUISTICALLY, ETHNICALLY, AND CULTURALLY DIVERSE NEIGHBORHOODS AND STRIVES TO HIRE STAFF WHO REFLECT THE COMMUNITIES IT SERVES. IN ADDITION TO FEE-FOR-SERVICE TUITION, LAUNCH RECEIVES FUNDING FROM FOUNDATIONS, INDIVIDUAL DONORS, AND GOVERNMENT CONTRACTS AND SUBSIDIES, INCLUDING THE CITY OF SEATTLE FAMILIES & EDUCATION LEVY, DSHS, KING COUNTY, AND BEST START FOR KIDS. LAUNCH ALSO PROVIDES TUITION ASSISTANCE TO FAMILIES IN NEED.ADDITIONAL INFORMATION ABOUT LAUNCH'S PROGRAMS AND ANNUAL REPORTS IS AVAILABLE AT WWW.LAUNCHLEARNING.ORG

Program 2

LAUNCH'S TUITION ASSISTANCE PROGRAM, WHICH ENABLES STUDENTS TO ATTEND LAUNCH'S PROGRAM AT A REDUCED RATE, IS AVAILABLE FOR STUDENTS WITH FINANCIAL NEED. THE AMOUNT OF TUITION ASSISTANCE AVAILABLE...

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LAUNCH'S TUITION ASSISTANCE PROGRAM, WHICH ENABLES STUDENTS TO ATTEND LAUNCH'S PROGRAM AT A REDUCED RATE, IS AVAILABLE FOR STUDENTS WITH FINANCIAL NEED. THE AMOUNT OF TUITION ASSISTANCE AVAILABLE VARIES ANNUALLY DEPENDING ON LAUNCH'S BUDGET CONSTRAINTS AND DONOR SUPPORT. PRIVATE PAY TUITION IS REPORTED IN THE FINANCIAL STATEMENTS NET OF THIS ASSISTANCE. TOTAL TUITION ASSISTANCE AWARDED BY LAUNCH WAS $176,490 IN 2025 AND $189,001 IN 2024. IN BOTH YEARS, THERE WERE NO DONOR-RESTRICTED CONTRIBUTIONS WITH TUITION ASSISTANCE AS A PURPOSE RESTRICTION.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $208,547
Program Service Revenue $7,952,115
Investment Income $102,455
Other Revenue $14,988
TOTAL REVENUE $8,278,105

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,329,276
Fundraising Expenses $161,176
Program Expenses $6,733,459
Other Expenses $1,690,118
TOTAL EXPENSES $8,019,394

Year-over-Year Comparison

2024 2023 Change
Revenue $8,278,105 $7,980,615 +0.0%
Expenses $8,019,394 $8,071,473 0.0%
Net Income $258,711 $-90,858 -3.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
149
Volunteers
12

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
7
$270,955
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRANG MARQUEZ TREASURER (3/2025-CURRENT) 1.00
Officer Director
$0 $0 $0
ADAM PETKUN BOARD MEMBER 1.00
Director
$0 $0 $0
NICK HEYER BOARD MEMBER 1.00
Director
$0 $0 $0
SAFI SADIQ CO-BOARD CHAIR 1.00
Officer Director
$0 $0 $0
TESSA FRANCHINI BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE ZHANG CO-BOARD CHAIR (10/2024-7/2025) 1.00
Officer Director
$0 $0 $0
REBECCA GRUSSGOTT SECRETARY (12/2024-CURRENT) 1.00
Officer Director
$0 $0 $0
JOANNA STODDEN BOARD MEMBER 1.00
Director
$0 $0 $0
KJ DYKEMA TREASURER (9/2023-1/2025) 1.00
Officer Director
$0 $0 $0
JESSICA ANDRE BOARD MEMBER 1.00
Director
$0 $0 $0
LAUREN ELLIS BOARD MEMBER 1.00
Director
$0 $0 $0
HITOMI WHITLOCK BOARD MEMBER 1.00
Director
$0 $0 $0
SHANNON THOMAS CHIEF FINANCE & ADMIN (THRU 2/2025) 40.00
Officer
$122,857 $8,162 $131,019
LAURA NICHOLSON CHIEF EXECUTIVE OFFICER 40.00
Officer
$127,936 $12,000 $139,936
JENNIFER PEGARIDO CHIEF PEOPLE OFFICER 40.00
Highest
$117,944 $11,432 $129,376
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 $8,278,105 $8,019,394 $4,106,130 $258,711
2024 $7,980,615 $8,071,473 $3,677,852 $-90,858
2023 $6,606,674 $8,493,388 $3,999,151 $-1,886,714
2022 $7,204,596 $7,259,427 $5,222,407 $-54,831
2021 $7,597,893 $6,201,248 $5,316,606 $1,396,645
2020 $6,165,635 $5,876,610 $4,660,688 $289,025
2019 $6,449,013 $5,656,254 $3,379,932 $792,759
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