MODERN SCHOOL OF FASHION AND DESIGN INC (EIN 042037931) - 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

1934

Legal Domicile

Principal Officer

DONALD LALIBERTE

Phone

6175369343

Tax Period

2024-06-01 to 2025-05-31

MODERN SCHOOL OF FASHION AND DESIGN INC, founded in 1934, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Net assets of $7.0M represent 75 months of operating reserves.

Mission

EDUCATIONAL SERVICES OFFERING COURSES EXCLUSIVELY IN THE APPLIED ART OF FASHION DESIGN

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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 $30,153

Program Service Revenue $450,122

Investment Income $638,665

Other Revenue $0

TOTAL REVENUE $1,118,940

Expense Breakdown

Grants Paid $8,650

Salaries & Benefits $611,504

Fundraising Expenses $45,807

Program Expenses $693,048

Other Expenses $549,097

TOTAL EXPENSES $1,169,251

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,118,940	$701,954	+0.6%
Expenses	$1,169,251	$1,141,045	+0.0%
Net Income	$-50,311	$-439,091	-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

Volunteers

N/A

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

Total Directors

$1,419

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE CONWAY CASPE	DIRECTOR	5.00	Director	$1,419	$0	$1,419
CAROLE WINTERHALTER	DIRECTOR, CLERK	5.00	Officer Director	$0	$0	$0
EDWARD GRANT	DIRECTOR	5.00	Director	$0	$0	$0
DENISE HAMMON	DIRECTOR, VICE CHAIR	5.00	Officer Director	$0	$0	$0
DONALD LALIBERTE	TREASURER	5.00	Officer Director	$0	$0	$0
CRYSTAL SHIELL	DIRECTOR	5.00	Director	$0	$0	$0
SUSAN C LANE	PRESIDENT & CHAIR	5.00	Officer Director	$0	$0	$0
JAMES HANNON	DIRECTOR OF OPERATIONS AND COMPLIANCE	40.00	Highest	$141,300	$7,065	$148,365

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	$1,118,940	$1,169,251	$7,121,636	$-50,311
2024	$701,954	$1,141,045	$7,260,570	$-439,091
2023	$7,241,219	$666,402	$7,062,110	$6,574,817
2022	$347,291	$300,869	$1,120,098	$46,422
2021	$305,306	$418,717	$728,661	$-113,411
2020	$441,507	$571,064	$621,394	$-129,557
2019	$592,639	$572,536	$711,540	$20,103
2018	$588,601	$581,914	$684,338	$6,687

MODERN SCHOOL OF FASHION AND DESIGN INC