CARDIGAN MOUNTAIN SCHOOL (EIN 020223580) - 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

1945

Legal Domicile

Principal Officer

CHRISTOPHER DAY

Phone

6035234321

Tax Period

2023-07-01 to 2024-06-30

CARDIGAN MOUNTAIN SCHOOL, founded in 1945, is a mid-sized nonprofit in the Education sector that reported $24.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $23.4M left a modest 3% surplus.

Mission

EDUCATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,322,126

Program Service Revenue $19,087,506

Investment Income $1,867,454

Other Revenue $-25,264

TOTAL REVENUE $24,251,822

Expense Breakdown

Grants Paid $3,609,393

Salaries & Benefits $10,600,169

Fundraising Expenses $1,673,580

Program Expenses $16,502,927

Other Expenses $9,235,254

TOTAL EXPENSES $23,444,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,251,822	$21,934,173	+0.1%
Expenses	$23,444,816	$22,920,843	+0.0%
Net Income	$807,006	$-986,670	-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

205

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

$747,642

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL B GARRISON	TREASURER	1.00	Officer Director	$0	$0	$0
PAULA GLOVER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID GREGORY	CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER R HALE	TRUSTEE	1.00	Director	$0	$0	$0
KARL HUTTER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
F CORNING KENLY III	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER J KING	TRUSTEE	1.00	Director	$0	$0	$0
P EDWARD KRAYER	TRUSTEE	1.00	Director	$0	$0	$0
TYLER L LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE MACOMBER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CANDYCE MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
PORNPHISUD MONGKHONVANIT	TRUSTEE	1.00	Director	$0	$0	$0
MARC PORCELLI	TREASURER	1.00	Officer Director	$0	$0	$0
JEFFREY M ROBERTS	TRUSTEE	1.00	Director	$0	$0	$0
KRISTI ROSS	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER M TALIERCIO	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN N WAKELY	TRUSTEE	1.00	Director	$0	$0	$0
LAURA WALDRON	TRUSTEE	1.00	Director	$0	$0	$0
MARIO ZAMBRANO	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT V CHARTENER	SECRETARY	1.00	Officer Director	$0	$0	$0
JEREMY T CRIGLER	TRUSTEE	1.00	Director	$0	$0	$0
STEWART S DIXON JR	TRUSTEE	1.00	Director	$0	$0	$0
LORI BOHAN	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT DURDEN	TRUSTEE	1.00	Director	$0	$0	$0
ETHAN FRECHETTE	TRUSTEE	1.00	Director	$0	$0	$0
GUIFANG HE	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER KNAPP	TRUSTEE	1.00	Director	$0	$0	$0
DOOWHAN KO	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA ABRAMSON LOTT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SANTINI	TRUSTEE	1.00	Director	$0	$0	$0
ALVA TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL ZINSMEYER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER DAY	HEAD OF SCHOOL	40.00	Officer	$456,943	$76,512	$533,455
STEPHEN SOLBERG	CFO & ASST HOS THRU AUG 2023	40.00	Officer	$139,999	$29,445	$169,444
MICHAEL O'BRIEN	CFO AS OF OCT 2023	40.00	Officer	$34,208	$10,535	$44,743
EDWARD AUDETT	DIRECTOR OF ADMISSIONS	40.00	Highest	$121,420	$29,259	$150,679
JOTHAM BURNETT	DIRECTOR OF DEVELOPMENT	40.00	Highest	$133,115	$45,643	$178,758
JOSHUA LEROY	DEAN OF FACULTY, ASST HEAD OF SCHOOL	40.00	Highest	$110,992	$27,057	$138,049
SANDRA HOLLINGSWORTH	DIRECTOR OF PLANNED GIFTS	40.00	Highest	$126,633	$25,423	$152,056

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	$24,251,822	$23,444,816	$87,919,800	$807,006
2023	$21,934,173	$22,920,843	$85,158,141	$-986,670
2022	$28,636,102	$21,519,854	$84,289,031	$7,116,248
2021	$19,494,747	$19,732,666	$88,323,836	$-237,919
2020	$21,198,275	$20,835,791	$79,508,009	$362,484
2019	$28,554,193	$19,812,861	$81,689,952	$8,741,332
2018	$20,256,569	$18,794,431	$74,023,343	$1,462,138

CARDIGAN MOUNTAIN SCHOOL