CONCORD ACADEMY (EIN 041200600) - 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

1922

Legal Domicile

Principal Officer

HENRY FAIRFAX

Phone

9784022200

Tax Period

2024-07-01 to 2025-06-30

CONCORD ACADEMY, founded in 1922, is a mid-sized nonprofit in the Education sector that reported $47.6M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $8.8M, a strong 18% operating margin.

Mission

CONCORD ACADEMY IS A FOUR-YEAR, NONPROFIT, COEDUCATIONAL, BOARDING AND DAY COLLEGE-PREPARATORY SCHOOL CONSISTING OF GRADES NINE THROUGH TWELVE. THE 2024-25 ENROLLMENT WAS COMPOSED OF 415 STUDENTS, 156 OF WHOM WERE BOARDING STUDENTS AND 259 OF WHOM WERE DAY STUDENTS. ENROLLMENT FOR THE 2024-25 YEAR CONSISTED OF STUDENTS FROM 13 STATES/TERRITORIES AND 16 FOREIGN COUNTRIES.

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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 $6,886,381

Program Service Revenue $30,451,184

Investment Income $10,092,011

Other Revenue $163,559

TOTAL REVENUE $47,593,135

Expense Breakdown

Grants Paid $6,144,856

Salaries & Benefits $19,830,992

Fundraising Expenses $1,381,394

Program Expenses $31,570,354

Other Expenses $12,852,198

TOTAL EXPENSES $38,828,046

Year-over-Year Comparison

	2024	2023	Change
Revenue	$47,593,135	$53,741,074	-0.1%
Expenses	$38,828,046	$37,045,343	+0.0%
Net Income	$8,765,089	$16,695,731	-0.5%

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

427

Volunteers

323

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

$1,041,299

Total Directors

$657,893

Key Employees

$615,779

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY FAIRFAX	HEAD OF SCHOOL	55.00	Officer Director	$468,361	$189,532	$657,893
NANA ADMADJAJA	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES CARTER	TRUSTEE	1.00	Director	$0	$0	$0
TRELANE CLARK	TRUSTEE	1.00	Director	$0	$0	$0
JANE DU	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL LIPSON GLICK	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS GOLDSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
ALEXIS GOLTRA	TRUSTEE	1.00	Director	$0	$0	$0
KERRY HOFFMAN	TRUSTEE	1.00	Director	$0	$0	$0
JARED JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
NATALIE KRAJCIR	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN KRAMARSKY	TRUSTEE	1.00	Director	$0	$0	$0
BRENDAN LARGAY	TRUSTEE	1.00	Director	$0	$0	$0
PAULINE LIN	TRUSTEE	1.00	Director	$0	$0	$0
PODIE LYNCH	TRUSTEE	1.00	Director	$0	$0	$0
KAREN MCALMON	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK MCWHINNEY	TRUSTEE	1.00	Director	$0	$0	$0
CAROL MORIARTY	TRUSTEE	1.00	Director	$0	$0	$0
DERRICK YAT BOND PANG	TRUSTEE	1.00	Director	$0	$0	$0
IMANI PERRY	TRUSTEE	1.00	Director	$0	$0	$0
ETHAN THUROW	TRUSTEE	1.00	Director	$0	$0	$0
LY TRAN	TRUSTEE	1.00	Director	$0	$0	$0
TRACY WELCH	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER J BURLEIGH	CO-PRESIDENT	3.00	Officer Director	$0	$0	$0
JENNIFER A PLINE	CO-PRESIDENT	3.00	Officer Director	$0	$0	$0
KEVIN PARKE	FIRST VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JOHN GROSSMAN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JONATHAN DESIMONE	TREASURER	3.00	Officer Director	$0	$0	$0
ASHLEY SHIH	SECRETARY	3.00	Officer Director	$0	$0	$0
AMY MILLER-FREDERICKS	CHIEF FINANCIAL & OPERATING OFFICER	55.00	Officer	$302,540	$80,866	$383,406
SARAH YEH ASSOCIATE HEAD FOR	TEACHING, LEARNING & FACULTY	55.00	Key Emp	$260,652	$88,055	$348,707
CHRISTINE H FLASHNER	CHIEF ADVANCEMENT OFFICER	55.00	Key Emp	$204,986	$62,086	$267,072
MICHAEL MCSORLEY	DIRECTOR OF OPERATIONS	55.00	Highest	$177,885	$79,501	$257,386
DONALD KINGMAN DIR OF CAMPUS	PLANNING, DESIGN & CONSTRUCTION	55.00	Highest	$159,661	$49,820	$209,481
KEVAN LAVAUGHN TURMAN ASSOC	HEAD FOR COMMUNITY ENGT. & BUS. DEV.	55.00	Highest	$199,834	$4,648	$204,482
FRANCIS GALLAGHER	CONTROLLER	55.00	Highest	$163,691	$13,051	$176,742
DAVID LEACH	DIRECTOR OF ADMINISTRATIVE SYSTEMS	55.00	Highest	$152,001	$12,008	$164,009
ALICE ROEBUCK FORMER ASSISTANT	HEAD OF ADVANCEMENT & ENGAGEMENT	0.00		$159,259	$407	$159,666

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	$47,593,135	$38,828,046	$218,482,022	$8,765,089
2024	$53,741,074	$37,045,343	$203,071,551	$16,695,731
2023	$37,596,494	$35,589,204	$177,453,653	$2,007,290
2022	$40,612,899	$33,486,337	$166,818,681	$7,126,562
2021	$52,686,397	$33,258,200	$169,702,633	$19,428,197
2020	$31,252,046	$29,916,080	$148,552,196	$1,335,966
2019	$31,498,595	$29,187,591	$144,731,804	$2,311,004
2018	$40,637,130	$26,913,229	$140,337,352	$13,723,901

CONCORD ACADEMY