ST MARK'S SCHOOL OF SOUTHBOROUGH I… - Form 990 Financial Data

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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

1865

Legal Domicile

Principal Officer

ELIZABETH DIONNE

Phone

5087866000

Tax Period

2024-07-01 to 2025-06-30

ST MARK'S SCHOOL OF SOUTHBOROUGH INC, founded in 1865, is a mid-sized nonprofit in the Education sector that reported $37.0M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $47.8M exceeded revenue, resulting in a 29% operating deficit.

Mission

ST. MARK'S SCHOOL EDUCATES YOUNG PEOPLE FOR LIVES OF LEADERSHIP AND SERVICE. FOUNDED IN 1865 AS AN INTENTIONALLY SMALL RESIDENTIAL COMMUNITY, THE SCHOOL CHALLENGES ITS STUDENTS TO DEVELOP THEIR PARTICULAR ANALYTIC AND CREATIVE CAPABILITIES BY BOTH INSPIRING THEIR ACADEMIC AND SPIRITUAL CURIOSITY AND KINDLING THEIR PASSION FOR DISCOVERY. WE VALUE COOPERATION OVER SELF-INTEREST, AND WE ENCOURAGE EACH PERSON TO EXPLORE HIS OR HER PLACE IN THE LARGER WORLD BEYOND OUR CAMPUS.

Program Service Accomplishments

Program 1

Expenses: $36,216,091 Revenue: $26,645,892

ST. MARK'S SCHOOL OF SOUTHBOROUGH, INC. WAS FOUNDED IN 1865 AND PROVIDES CO-EDUCATIONAL SECONDARY LEVEL EDUCATION TO APPROXIMATELY 375 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 $4,784,972

Program Service Revenue $27,190,392

Investment Income $3,169,069

Other Revenue $1,859,064

TOTAL REVENUE $37,003,497

Expense Breakdown

Grants Paid $6,788,207

Salaries & Benefits $21,778,623

Fundraising Expenses $3,184,174

Program Expenses $36,216,091

Other Expenses $19,264,503

TOTAL EXPENSES $47,831,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,003,497	$30,626,300	+0.2%
Expenses	$47,831,333	$44,897,354	+0.1%
Net Income	$-10,827,836	$-14,271,054	-0.2%

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

327

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

Total Directors

$261,605

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MOORE	PRESIDENT	4.00	Officer Director	$0	$0	$0
MARK F VASSALLO	TREASURER	4.00	Officer Director	$0	$0	$0
REVEREND PATRICIA PHANEUF ALEXANDER	TRUSTEE, CLERK	4.00	Director	$0	$0	$0
JAMES BARTLETT	TRUSTEE	4.00	Director	$0	$0	$0
PATRICIA BRANCH	TRUSTEE	4.00	Director	$0	$0	$0
TARAH BREED	TRUSTEE	4.00	Director	$0	$0	$0
ALDEL BROWN	TRUSTEE	4.00	Director	$0	$0	$0
GELENE BROWN	TRUSTEE	4.00	Director	$0	$0	$0
R WILLLIAM BURGESS	TRUSTEE	4.00	Director	$0	$0	$0
SUNG SHIK SONNY CHO	TRUSTEE	4.00	Director	$0	$0	$0
WALTER CLAIR	TRUSTEE	4.00	Director	$0	$0	$0
MICHELLE DAVIS	TRUSTEE	4.00	Director	$0	$0	$0
THOMAS DAVIS	TRUSTEE	4.00	Director	$0	$0	$0
NICHOLAS EVERETT	TRUSTEE	4.00	Director	$0	$0	$0
REVEREND CANNON PRESTON HANNIBAL	TRUSTEE	4.00	Director	$0	$0	$0
ELAINE HARVEY	TRUSTEE	4.00	Director	$0	$0	$0
XIN JANE HE	TRUSTEE	4.00	Director	$0	$0	$0
F STEPHEN HODI	TRUSTEE	4.00	Director	$0	$0	$0
JIE JACK LING	TRUSTEE	4.00	Director	$0	$0	$0
FRANCISCO LOPEZ-BALBOA	TRUSTEE	4.00	Director	$0	$0	$0
VICTOR LOPEZ-BALBOA	TRUSTEE	4.00	Director	$0	$0	$0
RUSSELL PYNE	TRUSTEE	4.00	Director	$0	$0	$0
DR IVORY HILLS	HEAD OF SCHOOL	40.00	Director	$244,682	$16,923	$261,605
MACKIN PULSIFER	TRUSTEE	4.00	Director	$0	$0	$0
RUEBEN RICHARDS	TRUSTEE	4.00	Director	$0	$0	$0
VANESSA RYAN	TRUSTEE	4.00	Director	$0	$0	$0
ELIZABETH SANTINI	TRUSTEE	4.00	Director	$0	$0	$0
PAUL SCHLAACK	TRUSTEE	4.00	Director	$0	$0	$0
JULI HODI	TRUSTEE	4.00	Director	$0	$0	$0
BEATRIX SANDERS	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$304,243	$63,603	$367,846
ROBERT KUKLEWICZ	FORMER CFO (3/7/25)	40.00	Highest	$323,122	$65,234	$388,356
STEPHANIE KATZ	DIRECTOR OF MAJOR & PRINCIPAL GIFTS	40.00	Highest	$183,261	$55,566	$238,827
CALEB COCHRAN	DIRECTOR OF COMMUNICATIONS Q	40.00	Highest	$153,557	$15,887	$169,444
JOHN WARREN	FORMER HEAD OF SCHOOL (6/30/24)	40.00		$883,786	$29,147	$912,933

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	$37,003,497	$47,831,333	$263,293,161	$-10,827,836
2024	$30,626,300	$44,897,354	$255,951,565	$-14,271,054
2023	$40,261,322	$42,998,204	$253,209,709	$-2,736,882
2022	$31,914,051	$39,899,309	$236,787,459	$-7,985,258
2021	$26,796,658	$38,580,282	$256,704,983	$-11,783,624
2020	$38,316,996	$35,027,521	$218,197,684	$3,289,475
2019	$31,098,569	$35,514,510	$219,792,085	$-4,415,941
2018	$32,801,761	$34,187,649	$219,163,118	$-1,385,888

ST MARK'S SCHOOL OF SOUTHBOROUGH INC