BANCROFT SCHOOL

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1902

Legal Domicile

Principal Officer

STEPHANIE LUEBBERS

Phone

5088532640

Tax Period

2022-07-01 to 2023-06-30

BANCROFT SCHOOL, founded in 1902, is a mid-sized nonprofit in the Education sector that reported $18.6M in total revenue in fiscal year 2022. Expenses of $21.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

BANCROFT, AN INDEPENDENT, COEDUCATIONAL, COLLEGE-PREPARATORY DAY SCHOOL, PREPARES TALENTED, WELL-QUALIFIED AND MOTIVATED COLLEGE-BOUND STUDENTS, PRE-KINDERGARTEN THROUGH GRADE 12, TO PURSUE AND REALIZE THEIR ACADEMIC, PERSONAL AND SOCIAL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $16,915,249 Revenue: $17,311,012

BANCROFT PROVIDES A COMPREHENSIVE, CARING, AND CREATIVE CURRICULAR AND EXTRACURRICULAR PROGRAM THAT FOSTERS AN EXPERIENCE OF EXCELLENCE FOR EACH STUDENT. INSPIRED STUDENTS, A SUPERIOR FACULTY, AND...

BANCROFT PROVIDES A COMPREHENSIVE, CARING, AND CREATIVE CURRICULAR AND EXTRACURRICULAR PROGRAM THAT FOSTERS AN EXPERIENCE OF EXCELLENCE FOR EACH STUDENT. INSPIRED STUDENTS, A SUPERIOR FACULTY, AND ENGAGED FAMILIES THRIVE IN OUR DIVERSE, SAFE, AND SUPPORTIVE COMMUNITY. WE AFFORD STUDENTS THE OPPORTUNITY TO DISCOVER THEIR PASSION IN LIFE AND TO LEARN TO EMBRACE CONFIDENTLY AND RESPONSIBLY THE MORAL AND ETHICAL CHALLENGES OF BEING LIFE-LONG LEARNERS, TEACHERS OF OTHERS, AND CITIZENS OF AN INCREASINGLY COMPLEX GLOBAL COMMUNITY. APPROXIMATELY 400 STUDENTS ATTEND BANCROFT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $444,737

Program Service Revenue $16,174,963

Investment Income $2,109,667

Other Revenue $-159,831

TOTAL REVENUE $18,569,536

Expense Breakdown

Grants Paid $5,986,790

Salaries & Benefits $10,137,492

Fundraising Expenses $7,952

Program Expenses $16,915,249

Other Expenses $5,587,626

TOTAL EXPENSES $21,711,908

Year-over-Year Comparison

	2022	2021	Change
Revenue	$18,569,536	$19,220,452	0.0%
Expenses	$21,711,908	$20,109,315	+0.1%
Net Income	$-3,142,372	$-888,863	+2.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

221

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

$139,226

Total Directors

Key Employees

$159,896

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY HALPIN CARTER	TRUSTEE	2.00	Director	$0	$0	$0
JAMES CONDON	TRUSTEE	2.00	Director	$0	$0	$0
BEN DOBSON	AT-LARGE	2.00	Director	$0	$0	$0
NA-YOUNG OSTERWEIS	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN ONFFROY	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPHINE HERRON TRUESDELL	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH WAMBUI	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM ZUJEWSKI	TRUSTEE	2.00	Director	$0	$0	$0
SHEENA SHARMA	FIRST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSANNE CHOATE	TRUSTEE	2.00	Director	$0	$0	$0
KATY SULLIVAN	TRUSTEE	2.00	Director	$0	$0	$0
CATHERINE COLINVAUX	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN DUGGAN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL PALERMO	TREASURER	2.00	Officer Director	$0	$0	$0
PADGETT BERTHIAUME	SECRETARY	2.00	Officer Director	$0	$0	$0
KHURSTON ELLIA-EPPLE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PETER JANHUNEN	TRUSTEE	2.00	Director	$0	$0	$0
MARTIN RICHMAN	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
WARNER FLETCHER	HONORARY TRUSTEE	2.00	Director	$0	$0	$0
NEIL MCDONOUGH	HONORARY TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL CHANG	AT-LARGE	2.00	Officer Director	$0	$0	$0
TIM SABURN	INTERIM HEAD OF SCHOOL	40.00	Officer	$132,586	$6,640	$139,226
SCOTT POTTBECKER	DIRECTOR OF OPERATIONS AND FINANCE	40.00	Key Emp	$150,890	$9,006	$159,896
SUSANNE HORAN	DIRECTOR OF ENROLLMENT MANAGEMENT	40.00	Highest	$102,960	$30,506	$133,466
MARK TAYLOR	UPPER SCHOOL DIVISION HEAD	40.00	Highest	$114,557	$65,243	$179,800
GARTH ADAMS	DIRECTOR OF ATHLETICS	40.00	Highest	$106,634	$5,347	$111,981
MATTHEW GANAS	DIRECTOR OF HOPE GRAHAM PROGRAM	40.00	Highest	$103,789	$22,158	$125,947
DANIEL MERCURIO	ASSISTANT HEAD OF SCHOOL, DIRECTOR OFMARKETING & C	40.00	Highest	$103,606	$21,487	$125,093
JAMES P CASSIDY III	HEAD OF SCHOOL (FORMER)	40.00		$122,413	$58,302	$180,715

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	No data	No data	No data	No data
2023	$18,569,536	$21,711,908	$34,950,209	$-3,142,372
2022	$19,220,452	$20,109,315	$37,885,858	$-888,863
2021	$18,921,799	$18,840,326	$47,077,698	$81,473
2020	$15,668,076	$18,533,055	$41,590,208	$-2,864,979
2019	$16,510,872	$18,574,037	$44,364,941	$-2,063,165
2018	$18,152,761	$18,214,447	$43,196,625	$-61,686