North Bennet Street School (EIN 042103830) - 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

1885

Legal Domicile

Principal Officer

Claire Fruitman

Phone

6172270155

Tax Period

2023-08-01 to 2024-07-31

North Bennet Street School, founded in 1885, is a mid-sized nonprofit in the Education sector that reported $10.4M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $10.0M left a modest 4% surplus.

Mission

Post Secondary Vocational School

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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 $4,021,918

Program Service Revenue $4,910,900

Investment Income $1,305,825

Other Revenue $122,295

TOTAL REVENUE $10,360,938

Expense Breakdown

Grants Paid $1,153,875

Salaries & Benefits $4,845,691

Fundraising Expenses $604,573

Program Expenses $6,211,037

Other Expenses $3,993,194

TOTAL EXPENSES $9,992,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,360,938	$7,863,488	+0.3%
Expenses	$9,992,760	$8,698,215	+0.1%
Net Income	$368,178	$-834,727	-1.4%

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

115

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

$256,584

Total Directors

$256,584

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Turner	President	40.00	Officer Director	$224,899	$31,685	$256,584
Geneva Thorndike	Chair	1.00	Officer Director	$0	$0	$0
Lindsa McIntyre	Vice Chair	1.00	Officer Director	$0	$0	$0
Matthew Day	Treasurer	1.00	Officer Director	$0	$0	$0
Mark Hauser	Clerk	1.00	Officer Director	$0	$0	$0
Daniel Day Lewis	Director	1.00	Director	$0	$0	$0
Bruce Dayton	Director	1.00	Director	$0	$0	$0
William Hettinger	Director	1.00	Director	$0	$0	$0
Will Iselin	Director	1.00	Director	$0	$0	$0
Rob Leahy	Director	1.00	Director	$0	$0	$0
Marc Margulies	Director	1.00	Director	$0	$0	$0
James Mason	Director	1.00	Director	$0	$0	$0
Kevin Macaskill	Director	1.00	Director	$0	$0	$0
Patrick Muecke	Director	1.00	Director	$0	$0	$0
Deb Pasculano	Director	1.00	Director	$0	$0	$0
Thomas Piemonte	Director	1.00	Director	$0	$0	$0
Paul Reidt	Director	1.00	Director	$0	$0	$0
Norma Rey-Alicea	Director	1.00	Director	$0	$0	$0
Vaughn Waters	Director	1.00	Director	$0	$0	$0
Juliana Wong	Director	1.00	Director	$0	$0	$0
Claire Fruitman	Provost	40.00	Highest	$157,657	$36,476	$194,133
Colleen Walsh Powell	Director of Development	40.00	Highest	$134,746	$34,331	$169,077
Robert O'Dwyer	Admission Director	40.00	Highest	$110,781	$7,085	$117,866

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
2024	$10,360,938	$9,992,760	$57,839,455	$368,178
2023	$7,863,488	$8,698,215	$55,094,149	$-834,727
2022	$9,003,020	$7,891,966	$54,825,657	$1,111,054
2021	$8,454,312	$6,833,843	$57,772,831	$1,620,469
2020	$6,946,980	$6,702,652	$52,652,761	$244,328
2019	$10,188,965	$6,660,061	$51,658,000	$3,528,904
2018	$14,201,453	$6,301,239	$47,361,345	$7,900,214

North Bennet Street School