Children's Odyssey
Nonprofit profile at a glance
- EIN
- 010475374
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Portland, ME, USA
- Phone
- 2078788868
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Kindergarten, Preschool, Nursery School, Early Admissions
Reported finances
- Revenue
- $4,308,262
- Expenses
- $4,180,235
- Assets
- $728,578
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Susan Hougaz-McCormick (President)
- Laura McCormick Glover (Treasurer/Vice President)
Highest reported compensation
- Susan Hougaz-McCormick (President): $171,172 total reported compensation
- Tina M Cannon (Director of Operations): $169,709 total reported compensation
- Laura McCormick Glover (Treasurer/Vice President): $168,669 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
In collaboration with parents, staff, therapists, and community, Children's Odyssey strives to provide high quality, structured programming for children of varied developmental levels. Creatively designed activities reflect our responsiveness to children's individual learning styles, needs, and interests while providing an engaging environment for all. Our emphasis on the whole child is consistent with our strong desire to assist a child in reaching his/her potential. We teach with the understanding that diversity of culture, background, gender, and physical or cognitive ability is a strength to be celebrated and respected.
What it reported doing in 2024
Programs-5, Special Purpose-1, Inclusive Classrooms-5: preschool classrooms for children ages six weeks to five years, the majority of whom demonstrate one or more educational disabilities of varying degree and etiology. We are particularly known for our ability to program for children on the autism spectrum and for those with intense behavioral challenges.
Operating model
- Revenue model
- Earned-program. 74% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 85% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 80
- Accountability: 60
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.9%; rating input score 76
- Program expense ratio: 78.2%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 62.5%; rating input score 62; 10th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
- Officer compensation ratio: 24.1%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 11.9% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 13.3% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 2.3% per year; rating input score 100; 21st percentile among comparable filings
Details
- Where the money goes: 75.9% of revenue deployed · 78.2% of spending went to programs
- Governance: 5 of 8 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.3M in reported program spending
- Leadership: top reported pay $171K · 13 people listed · 1 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Moderate — Sustainability: Operating margin scored 44/100.
- High — Sustainability: Officer compensation ratio scored 9/100.