HOLDERNESS SCHOOL (EIN 020147630) - Form 990 Financial Analysis & Trantor Score

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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

1879

Legal Domicile

Principal Officer

WALTER SCHAEFFLER

Phone

6035361748

Tax Period

2024-07-01 to 2025-06-30

HOLDERNESS SCHOOL, founded in 1879, is a mid-sized nonprofit in the Education sector that reported $30.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $144.5M represent 57 months of operating reserves.

Mission

A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL SERVING STUDENTS IN GRADES 9-12.

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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 $4,718,274

Program Service Revenue $24,135,028

Investment Income $1,518,353

Other Revenue $0

TOTAL REVENUE $30,371,655

Expense Breakdown

Grants Paid $5,297,819

Salaries & Benefits $13,793,418

Fundraising Expenses $2,632,979

Program Expenses $24,296,964

Other Expenses $11,492,656

TOTAL EXPENSES $30,649,003

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,371,655	$27,171,409	+0.1%
Expenses	$30,649,003	$30,112,467	+0.0%
Net Income	$-277,348	$-2,941,058	-0.9%

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

144

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

$999,836

Total Directors

Key Employees

$732,160

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINNY RAMIREZ-DEL TORO	MEMBER OF BOARD	2.00	Director	$0	$0	$0
ROBERT KINSLEY	MEMBER OF BOARD	2.00	Director	$0	$0	$0
ANNE LOMPO	MEMBER OF BOARD	2.00	Director	$0	$0	$0
LISA GLAHN	MEMBER OF BOARD	2.00	Director	$0	$0	$0
PHILIP KISTLER	MEMBER OF BOARD	2.00	Director	$0	$0	$0
CJ VINCENT	MEMBER OF BOARD	2.00	Director	$0	$0	$0
JIM BYRNE	MEMBER OF BOARD	2.00	Director	$0	$0	$0
KAT ALFOND	MEMBER OF BOARD	2.00	Director	$0	$0	$0
CHRISTOPHER DAVENPORT	MEMBER OF BOARD	2.00	Director	$0	$0	$0
CHRISTOPER MARTIN	MEMBER OF BOARD	2.00	Director	$0	$0	$0
SIMON PARMETT	MEMBER OF BOARD	2.00	Director	$0	$0	$0
CECILY CUSHMAN	MEMBER OF BOARD	2.00	Director	$0	$0	$0
SEAN MCGRAW	MEMBER OF BOARD	2.00	Director	$0	$0	$0
RICHARD VIEIRA	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREW DAVIS	MEMBER OF BOARD	2.00	Director	$0	$0	$0
PAUL JOHN FERRI	MEMBER OF BOARD	2.00	Director	$0	$0	$0
JOE MILES	MEMBER OF BOARD	2.00	Director	$0	$0	$0
SUNG YOU	MEMBER OF BOARD	2.00	Director	$0	$0	$0
NELL REYNOLDS	MEMBER OF BOARD	2.00	Director	$0	$0	$0
WENDY MCADAM	MEMBER OF BOARD	2.00	Director	$0	$0	$0
CLARISSA LEE	MEMBER OF BOARD	2.00	Director	$0	$0	$0
MORGAN WHEELOCK	MEMBER OF BOARD	2.00	Director	$0	$0	$0
COURTNEY PESCHEL	MEMBER OF BOARD	2.00	Director	$0	$0	$0
ROBERT HIRSCHFELD	MEMBER OF BOARD	2.00	Director	$0	$0	$0
MIKE MURCHIE	MEMBER OF BOARD	2.00	Director	$0	$0	$0
JOHN HAYES	CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$0	$0
CHRIS KEATING	SECRETARY	2.00	Officer Director	$0	$0	$0
KARYN CAMPBELL	MEMBER OF BOARD	2.00	Director	$0	$0	$0
JOHN MCVEIGH	HEAD OF SCHOOL	60.00	Officer	$503,504	$74,633	$578,137
WALTER SCHAEFFLER	CHIEF FINANCIAL OFFICER	60.00	Officer	$289,280	$132,419	$421,699
MARK STURGEON	EXECUTIVE DIRECTOR OF ADVA	40.00	Key Emp	$216,440	$49,082	$265,522
DAVID FLYNN	DIR. OF ADMISSIONS	40.00	Key Emp	$157,660	$43,553	$201,213
TOBI PFENNINGER	ASSOC HEAD OF SCHOOL	40.00	Key Emp	$190,369	$75,056	$265,425
BRUCE BARTON	ASSISTANT DIRECTOR OF LEAD	40.00	Highest	$127,445	$32,150	$159,595
ANTHONY LEMENAGER	DIRECTOR OF FACILITIES	40.00	Highest	$140,020	$33,277	$173,297
KATHLEEN KIME	DIRECTOR OF MAJOR GIFTS	40.00	Highest	$140,320	$13,471	$153,791
BENJAMIN DRUMMOND	DIRECTOR OF SNOW SPORTS	40.00	Highest	$128,380	$40,338	$168,718
DARREN MOORE	DIRECTOR OF ANNUAL FUND	40.00	Highest	$120,220	$31,392	$151,612

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	$30,371,655	$30,649,003	$165,155,561	$-277,348
2024	$27,171,409	$30,112,467	$156,958,028	$-2,941,058
2023	$28,443,221	$27,943,038	$152,158,386	$500,183
2022	$29,127,252	$26,183,317	$142,642,933	$2,943,935
2021	$25,126,724	$24,453,630	$145,004,578	$673,094
2020	$30,172,658	$23,224,400	$127,425,386	$6,948,258
2019	$31,127,098	$21,923,457	$119,237,443	$9,203,641

HOLDERNESS SCHOOL