Bridgton Academy

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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

1808

Legal Domicile

Principal Officer

Diana Gleeson

Tax Period

2022-07-01 to 2023-06-30

Bridgton Academy, founded in 1808, is a mid-sized nonprofit in the Education sector that reported $10.3M in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year.

Mission

TO PROVIDE A PROGRAM FOR YOUNG MEN IN A UNIQUE, ONE-YEAR POSTGRADUATE ENVIRONMENT TO PREPARE FOR THE RIGORS OF COLLEGE AND BEYOND.

Program Service Accomplishments

Program 1

Expenses: $8,630,976 Revenue: $9,472,521

BRIDGTON ACADEMY IS THE ONLY SCHOOL IN THE UNITED STATES THAT EXCLUSIVELY OFFERS A POSTGRADUATE YEAR FOR HIGH SCHOOL GRADUATES. A TYPICAL CLASS WILL HAVE 180 YOUNG MEN FROM TWENTY OR MORE STATES AND SEVERAL FOREIGN COUNTRIES. MOST STUDENTS TAKE COLLEGE-LEVEL COURSES FOR WHICH THEY MAY RECEIVE TRANSFERABLE COLLEGE CREDIT. ATHLETIC PROGRAMS ARE HIGHLY COMPETITIVE, AND MANY GRADUATES CONTINUE THEIR ATHLETIC INVOLVEMENT AT THE COLLEGIATE LEVEL. ALL ASPECTS OF THE BRIDGTON ACADEMY EXPERIENCE OFFER A BLEND OF FREEDOM AND STRUCTURE DESIGNED TO HELP ITS GRADUATES BE SUCCESSFUL IN COLLEGE AND CAREER.

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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 (2022)

Revenue Breakdown

Contributions & Grants $798,318

Program Service Revenue $9,442,297

Investment Income $-9,401

Other Revenue $55,403

TOTAL REVENUE $10,286,617

Expense Breakdown

Grants Paid $3,433,389

Salaries & Benefits $3,738,240

Fundraising Expenses $629,591

Program Expenses $8,630,976

Other Expenses $3,820,081

TOTAL EXPENSES $10,991,710

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,286,617	$12,393,178	-0.2%
Expenses	$10,991,710	$10,790,016	+0.0%
Net Income	$-705,093	$1,603,162	-1.4%

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

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

$355,560

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Martin Mooney	Head of School	40.00	Officer	$200,041	$32,983	$233,024
Ares Michaelides	Chief Financial Officer	40.00	Officer	$120,395	$2,141	$122,536
Susan Yule	Trustee	1.00	Director	$0	$0	$0
Chris Whitney	Trustee	1.00	Director	$0	$0	$0
Diane Potter	Trustee	1.00	Director	$0	$0	$0
Mark Lufkin	Trustee	1.00	Director	$0	$0	$0
Ann-Marie White	Trustee	1.00	Director	$0	$0	$0
David Nolan	Trustee	1.00	Director	$0	$0	$0
Peter Van Haur	Trustee	1.00	Director	$0	$0	$0
Jim Chalmers	Trustee	1.00	Director	$0	$0	$0
Scott Baker	Trustee	1.00	Director	$0	$0	$0
Mark Bloom	Trustee	1.00	Director	$0	$0	$0
Doug Lyons	Trustee	1.00	Director	$0	$0	$0
Erin Plummer	Trustee	1.00	Director	$0	$0	$0
David Colella	Trustee	1.00	Director	$0	$0	$0
Vic DiGravio	President Board of Trustees	2.00	Officer Director	$0	$0	$0
Thomas Hall	Treasurer Board of Trustees	2.00	Officer Director	$0	$0	$0
Paul Carberry	Secretary Board of Trustees	2.00	Officer Director	$0	$0	$0
Aaron Daly	Vice-President Board of Trus	2.00	Officer Director	$0	$0	$0
Diana Gleeson	Incoming Head of School	0.00	Officer	$0	$0	$0

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$10,286,617	$10,991,710	$20,679,640	$-705,093
2022	$12,393,178	$10,790,016	$20,658,481	$1,603,162
2021	$9,387,178	$10,020,858	$22,533,478	$-633,680
2020	$9,249,152	$9,373,601	$20,794,532	$-124,449
2019	$10,517,254	$9,263,077	$21,062,186	$1,254,177
2018	$7,699,174	$9,172,310	$18,345,473	$-1,473,136