Brewster Academy (EIN 020223317) - 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

1887

Legal Domicile

Principal Officer

Kristy Kerin

Phone

6035697105

Tax Period

2024-07-01 to 2025-06-30

Brewster Academy, founded in 1887, is a mid-sized nonprofit in the Education sector that reported $35.9M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $30.7M left a modest 15% surplus.

Mission

To provide education to residential and 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 $7,041,311

Program Service Revenue $27,463,120

Investment Income $1,149,499

Other Revenue $293,505

TOTAL REVENUE $35,947,435

Expense Breakdown

Grants Paid $7,243,782

Salaries & Benefits $12,809,995

Fundraising Expenses $983,953

Program Expenses $25,785,784

Other Expenses $10,631,425

TOTAL EXPENSES $30,685,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,947,435	$31,029,626	+0.2%
Expenses	$30,685,202	$30,314,101	+0.0%
Net Income	$5,262,233	$715,525	+6.4%

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

241

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

$1,266,741

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Roy Ballentine	Chairman	3.00	Officer Director	$0	$0	$0
Arthur W Coviello Jr	Vice Chairman	2.00	Officer Director	$0	$0	$0
Brian Ballentine	Second Vice Chair	2.00	Officer Director	$0	$0	$0
Robert Mueller	Treasurer	2.00	Officer Director	$0	$0	$0
Carlos Noble	Secretary	2.00	Officer Director	$0	$0	$0
Richard Blackburn	Trustee	2.00	Director	$0	$0	$0
Ronn Bronzetti	Trustee	2.00	Director	$0	$0	$0
Richard Carlson	Trustee	2.00	Director	$0	$0	$0
Martha Cassidy	Trustee	2.00	Director	$0	$0	$0
Scott Curvey	Trustee	2.00	Director	$0	$0	$0
George J Dohrmann III	Trustee	3.00	Director	$0	$0	$0
Karen Fix	Trustee	2.00	Director	$0	$0	$0
Gabrielle Joy Gatta	Trustee	2.00	Director	$0	$0	$0
Peter Grayson	Trustee	2.00	Director	$0	$0	$0
Joan Hill	Trustee	2.00	Director	$0	$0	$0
Kirk Koenigsbauer	Trustee	2.00	Director	$0	$0	$0
Jean Regnier	Trustee	2.00	Director	$0	$0	$0
Andrew Reyes	Trustee	2.00	Director	$0	$0	$0
Rev Nancy Spencer Smith	Trustee	2.00	Director	$0	$0	$0
Steven Webster	Trustee	3.00	Director	$0	$0	$0
Richard Wood II	Trustee	3.00	Director	$0	$0	$0
Kristy M Kerin	Head of School	60.00	Officer	$480,067	$102,295	$582,362
Susan Harrington	Chief Financial Officer	60.00	Officer	$198,556	$26,897	$225,453
Craig Gemmell	President	5.00	Officer	$317,172	$141,754	$458,926
Peter Gilligan	Chief Tech. & Operations Officer	50.00	Highest	$194,197	$49,731	$243,928
Nicholas Wilbur	Director of Enrollment Management	50.00	Highest	$153,042	$40,520	$193,562
James Reilly	Asst. Head of School - Campus Life	50.00	Highest	$155,414	$10,879	$166,293
Tyler Butler	Director of Finance/Financial Aid	50.00	Highest	$123,554	$11,324	$134,878
John Northrop	Director of Advancement	50.00	Highest	$112,901	$66,027	$178,928

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	$35,947,435	$30,685,202	$105,786,634	$5,262,233
2024	$31,029,626	$30,314,101	$98,088,026	$715,525
2023	$33,765,643	$28,519,169	$94,737,573	$5,246,474
2022	$32,925,691	$27,872,284	$85,558,593	$5,053,407
2021	$31,608,207	$26,234,287	$87,057,353	$5,373,920
2020	$29,767,251	$26,416,833	$70,295,249	$3,350,418
2019	$26,414,532	$26,130,551	$67,340,603	$283,981

Brewster Academy