KENTS HILL SCHOOL

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1824

Legal Domicile

Principal Officer

ROBERT R LAVERDURE

Phone

2076854914

Tax Period

2024-07-01 to 2025-06-30

KENTS HILL SCHOOL, founded in 1824, is a mid-sized nonprofit that reported $17.8M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $21.4M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS IN MIND, BODY, AND SPIRIT IN ORDER TO: 1) PREPARE THEM FOR THE CHALLENGES AND OPPORTUNITIES OF HIGHER EDUCATION; 2) HELP THEM LEARN TO LOVE AND RESPECT THEMSELVES AND THEIR FELLOW STUDENTS, AND TO CARE FOR THOSE IN LESS FORTUNATE CIRCUMSTANCES; 3) TEACH THEM TO BE RESPONSIBLE STEWARDS OF OUR NATURAL HERITAGE; 4) REMIND THEM THAT ONE PERSON OF PRINCIPLE CAN ALWAYS MAKE A DIFFERENCE.

Program Service Accomplishments

Program 1

Expenses: $5,772,137 Revenue: $0

SCHOLARSHIPS AND OTHER FINANCIAL AID BASED ON NEED AND MERIT BASED.

Program 2

Expenses: $10,002,452 Revenue: $13,733,201

PRIVATE SECONDARY SCHOOL UTILIZED BY 167 BOARDING AND 53 DAY STUDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,383,599

Program Service Revenue $13,827,949

Investment Income $1,675,069

Other Revenue $-107,779

TOTAL REVENUE $17,778,838

Expense Breakdown

Grants Paid $5,772,137

Salaries & Benefits $7,865,330

Fundraising Expenses $1,290,294

Program Expenses $15,774,589

Other Expenses $7,796,382

TOTAL EXPENSES $21,433,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,778,838	$25,378,213	-0.3%
Expenses	$21,433,849	$20,661,917	+0.0%
Net Income	$-3,655,011	$4,716,296	-1.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

140

Volunteers

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

$465,147

Total Directors

Key Employees

$163,901

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA R HATLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
THEODORE B ALFOND	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK S ALCAIDE	2ND VP & TREASURER	1.00	Officer Director	$0	$0	$0
DAVID RHODES	3RD VP	1.00	Officer Director	$0	$0	$0
PARKER J BEVERAGE	TRUSTEE	1.00	Director	$0	$0	$0
TAYLOR BODMAN	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP BOULTON	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE EATON COAKLEY	TRUSTEE	1.00	Director	$0	$0	$0
NANCY COLHOUN	TRUSTEE	1.00	Director	$0	$0	$0
MATT CRANE	TRUSTEE	1.00	Director	$0	$0	$0
LUKA DOW	TRUSTEE	1.00	Director	$0	$0	$0
GORDON H FAY	TRUSTEE	1.00	Director	$0	$0	$0
DAVID GREENE	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN HANEY	TRUSTEE	1.00	Director	$0	$0	$0
JOSETTE HUNTRESS	TRUSTEE	1.00	Director	$0	$0	$0
JULIAN MADISON	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN MADISON	TRUSTEE	1.00	Director	$0	$0	$0
CAMILLE MCGADNEY	TRUSTEE	1.00	Director	$0	$0	$0
KYLE MCNULTY	TRUSTEE	1.00	Director	$0	$0	$0
SHANNON MORRISON	TRUSTEE	1.00	Director	$0	$0	$0
ALANE B O'CONNOR	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD O'CONNOR	TRUSTEE	1.00	Director	$0	$0	$0
ROBIN STELMACH	TRUSTEE	1.00	Director	$0	$0	$0
WALTER WASHINGTON	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW MAY	CFO (THROUGH 12/31/24)	50.00	Officer	$181,546	$26,137	$207,683
MOLLY MACKEAN	HEAD OF SCHOOL	50.00	Officer	$141,137	$14,412	$155,549
ROBERT R LAVERDURE SEE SCH O	INTERIM CFO (STARTED 1/1/25)	50.00	Officer	$84,008	$17,907	$101,915
LARA COLE	INTERIM CHIEF ADVANCEMENT OFFICER	50.00	Key Emp	$150,424	$13,477	$163,901
LAJUAN R DAVIS	ASSISTANT HEAD OF SCHOOL	50.00	Highest	$143,128	$18,517	$161,645
MEGHAN BENNETT	DEAN OF ENROLLMENT MGMT	50.00	Highest	$135,151	$26,264	$161,415
MARC BARTHOLOMEW	CHIEF INFORMATION OFFICER	50.00	Highest	$122,060	$18,995	$141,055
ALISON LINCOLN-RICH	DIRECTOR OF ADMISSIONS & FINANCIAL AID	50.00	Highest	$115,343	$19,289	$134,632
CHRISTOPHER CHENEY	FORMER HEAD OF SCHOOL	50.00		$137,927	$17,382	$155,309
EVERETT POISSON	FORMER CHIEF ADVANCEMENT OFFICER	50.00		$129,383	$17,959	$147,342

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	$17,778,838	$21,433,849	$57,648,810	$-3,655,011
2024	$25,378,213	$20,661,917	$60,645,792	$4,716,296
2023	$16,117,933	$18,631,078	$53,263,514	$-2,513,145
2022	$16,680,810	$15,956,354	$55,504,534	$724,456
2021	$14,611,180	$14,245,406	$57,192,936	$365,774
2020	$12,333,982	$15,590,373	$53,732,644	$-3,256,391
2019	$14,089,110	$15,734,097	$57,071,154	$-1,644,987
2018	$14,027,995	$15,693,478	$58,851,286	$-1,665,483