Trinity Preschool Inc

Nonprofit profile at a glance

EIN
200495065
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Orono, MN, USA
Phone
9524762611
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Official website

Reported finances

Revenue
$324,730
Expenses
$317,922
Assets
$212,154
Liabilities
$16,105

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Highest reported compensation

  • KELLY GOVRIK (Executive Dir.): $74,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Education

What it reported doing in 2024

53 children received preschool education at Trinity Preschool. Trinity Preschool worked with a number of families in crisis. This includes families dealing with illness and trauma, with financial issues and divorce. Trinity Preschool provides children of all economic levels and of all denominations. There are a variety of opportunities to explore, grow, learn and create. Our intention is to develop a secure environment for children so that they may participate in activities which help them develop as individuals and relate happily with other children. We provide a perfect place to teach Christian values and to set the stage for spiritual development. We believe play is the most effective way to teach young children. Play helps them learn social skills like sharing and self-control. Fine motor skills in preparation for holding writing tools. Gross motor skills for coordination and balance. Literacy skills practicing listening and comprehension. Math skills counting, sorting, and comparing. Science skills construction, experimenting and observing. We feel that preschool is an important step into the total education of the child and is, many times, the first experience outside the intimate family group. We encourage imagination in both art and play. We employ experienced staff that are completely dedicated to the goals and values of Trinity Preschool. We offer 3-year-old, 4-year-old and PreK classes. We plan weekly afternoon enrichment programs in addition to our morning classes. We encourage parents to become involved in our school during parties and special events. This sets the stage for parent involvement in future schools. Many parents go on to be leaders in area school parent organizations. We promote healthy emotional development by allowing children to express feelings in different ways, not only in words but also in creative activities utilizing different materials.

Operating model

Revenue model
Earned-program. 93% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% 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 fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 90
  • Accountability: 69
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.8%; rating input score 75
  • Program expense ratio: 76.9%; rating input score 77
  • Fundraising efficiency: $1.62 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.1%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.67; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 23.3%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 0.9% per year; rating input score 100; 34th percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: 13.5% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 74.8% of revenue deployed · 76.9% of spending went to programs
  • Governance: 7 of 7 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $244K in reported program spending
  • Leadership: top reported pay $74K · 7 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 8/100.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.