Connects families with education, health, and human services for a stable environment.
For fiscal year 2024 it reported $871K in revenue, $870K in expenses, and $308K in net assets.Pt I
Where the money goes · FY2024
Total revenue
$871K
Pt VIII · Ln 12
Total expenses
$870K
Pt IX · Ln 25
Net assets
$308K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $75
Where spending went · Part IX cols B–D
83%
17%
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs0% vs prior filing year
Operating runway
6.1mo
months of highly liquid reserves at operating expense rate▼ -16% vs prior filing year
Surplus margin
0%
revenue over expenses, this year▼ -99% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$871K
FY2024▲ +10%
$871K$435K$0
FY2020FY2024
Expenses
$870K
FY2024▲ +11%
$870K$435K$0
FY2020FY2024
Total assets
$563K
FY20240%
$854K$427K$0
FY2020FY2024
Total liabilities
$255K
FY20240%
$599K$299K$0
FY2020FY2024
Total revenue
$871K
Pt VIII · Ln 12
Total expenses
$870K
Pt IX · Ln 25
Net assets
$308K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$75
Total assetsPt X · Ln 16$563K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III
Where the work happens
3 program services account for $555K of program spending, described in the organization's own filed words · FY2024.
01
Healthy families lower shore is a free and volunteer home visiting program for any new parent in somerset county. Parents can enroll in the program when they find out they are pregnant and until the baby is four months old.
$442Kprogram expense
02
The parenting skills development program provides free, regular parenting classes in somerset county at the somerset county detention center, eastern shore correctional institute, and the somerset county shelter center to support family change in a class setting.
$72Kprogram expense
03
The preparing children for school program will provide packets of school readiness materials to all students enrolled in PRE-K3 and PRE-K4. The kits will address the learning domains of math, language, literacy, social foundations, and physical development. Parents will also be invited to learn about school readiness.
Vernon Springs’s $65K as Executive Director
is at the 56th percentile of top reported officer pay among 1984 $100K–1M youth development nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Vernon Springs · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $65K · Total expenses $870K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $166K · Total expenses $870K
19%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
83%
—
—
Overhead ratio
17%
—
—
Revenue growth
10%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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