The New School

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

Bernie Reim

Phone

2079853745

Tax Period

2024-07-01 to 2025-06-30

The New School, founded in 2001, is a small nonprofit in the Education sector that reported $426K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $505K exceeded revenue, resulting in a 19% operating deficit.

Mission

The New School is a democratic high school that empowers students to reach for the best in themselves, to love learning, and to become responsible stewards of our world.

Program Service Accomplishments

Program 1

Expenses: $368,637 Revenue: $312,677

Alternative education at the high school level for 30-40 students per year.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $103,683

Program Service Revenue $166,140

Investment Income $9,711

Other Revenue $146,537

TOTAL REVENUE $426,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $355,774

Fundraising Expenses $6,956

Program Expenses $368,637

Other Expenses $149,158

TOTAL EXPENSES $504,932

Year-over-Year Comparison

	2024	2023	Change
Revenue	$426,071	$621,790	-0.3%
Expenses	$504,932	$634,386	-0.2%
Net Income	$-78,861	$-12,596	+5.3%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$43,763

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Wentworth	Secretary	1.00	Officer Director	$0	$0	$0
Bernie Reim	Treasurer	3.50	Officer Director	$0	$0	$0
Jodi Castallo	Trustee	1.00	Director	$0	$0	$0
Laurie Williams	Chair	3.00	Officer Director	$0	$0	$0
Christine Knowles	Executive Director	40.00	Officer	$43,031	$732	$43,763

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	$426,071	$504,932	$534,730	$-78,861
2024	No data	No data	No data	No data
2023	$631,394	$673,009	$685,763	$-41,615
2022	$540,701	$512,455	$662,118	$28,246
2021	$399,620	$440,749	$647,483	$-41,129
2020	$420,169	$440,900	$726,343	$-20,731
2019	$432,903	$424,733	$547,616	$8,170