The Montclair Cooperative School Inc

Is The Montclair Cooperative School Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

The Montclair Cooperative School Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About The Montclair Cooperative School Inc

The Montclair Cooperative School Inc (EIN: 221723807) is a nonprofit organization based in Montclair, NJ, classified under NTEE code B21Z. The organization reported total revenue of $3.8M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Montclair Cooperative School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

The Montclair Cooperative School Inc is a mid-size nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, The Montclair Cooperative School Inc reported a deficit of $313K with expenses exceeding revenue, holds 9.6 months of operating reserves (strong position), has a debt-to-asset ratio of 41.0% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), The Montclair Cooperative School Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates The Montclair Cooperative School Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, The Montclair Cooperative School Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $313K, with expenses exceeding revenue.
• Debt-to-asset ratio: 41.0%.

Executive Compensation Analysis

Executive compensation appears to be zero based on available filings, suggesting a volunteer-led or externally compensated leadership structure, which is unusual for an organization of this size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of The Montclair Cooperative School Inc's IRS 990 filings:

• The consistent reporting of 0% compensation for officers, directors, trustees, and key employees across multiple years (e.g., 202306, 202206) could indicate that compensation is reported under a different category or that leadership is entirely volunteer-based, which warrants further investigation for an organization with revenues exceeding $3 million.

Strengths

The following positive indicators were identified for The Montclair Cooperative School Inc:

• The school demonstrates consistent revenue generation, with annual revenues generally above $3.3 million, indicating a stable funding base.
• Assets have shown healthy growth over the years, from $2.15 million in 2016 to $2.98 million in 2023, enhancing long-term financial security.
• The organization consistently maintains a low liability-to-asset ratio, with liabilities around $1.2 million to $1.6 million against assets of $2.1 million to $3.3 million, suggesting good financial health.

Frequently Asked Questions about The Montclair Cooperative School Inc

Filing History

IRS 990 filing history for The Montclair Cooperative School Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), The Montclair Cooperative School Inc's revenue has grown by 27.9%, moving from $2.7M to $3.4M. Total assets increased by 92.5% over the same period, from $1.5M to $3.0M. Total functional expenses rose by 47.4%, from $2.5M to $3.7M. In its most recent filing year (2023), The Montclair Cooperative School Inc reported a deficit of $313K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $3.0M in assets (debt-to-asset ratio: 41.0%), resulting in net assets of $1.8M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.4M, expenses of $3.7M, and assets of $3.0M (revenue -12.2% year-over-year).
• 2022: Revenue of $3.9M, expenses of $3.4M, and assets of $3.2M (revenue +12.3% year-over-year).
• 2021: Revenue of $3.4M, expenses of $3.0M, and assets of $3.4M (revenue -7.4% year-over-year).
• 2020: Revenue of $3.7M, expenses of $3.6M, and assets of $2.7M (revenue -2.8% year-over-year).
• 2019: Revenue of $3.8M, expenses of $3.9M, and assets of $2.3M (revenue -3.8% year-over-year).
• 2018: Revenue of $4.0M, expenses of $3.9M, and assets of $2.5M (revenue +4.2% year-over-year).
• 2017: Revenue of $3.8M, expenses of $3.6M, and assets of $2.2M (revenue +7.6% year-over-year).
• 2016: Revenue of $3.5M, expenses of $3.4M, and assets of $2.2M (revenue +8.9% year-over-year).
• 2015: Revenue of $3.3M, expenses of $3.3M, and assets of $2.0M (revenue +4.7% year-over-year).
• 2014: Revenue of $3.1M, expenses of $3.2M, and assets of $2.0M (revenue +6.0% year-over-year).
• 2013: Revenue of $2.9M, expenses of $2.9M, and assets of $2.0M (revenue +0.8% year-over-year).
• 2012: Revenue of $2.9M, expenses of $2.8M, and assets of $1.7M (revenue +9.7% year-over-year).
• 2011: Revenue of $2.7M, expenses of $2.5M, and assets of $1.5M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for The Montclair Cooperative School Inc:

Data Sources and Methodology

This transparency report for The Montclair Cooperative School Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.