THE CHARLES RIVER SCHOOL INC (EIN 042103974) - 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

1918

Legal Domicile

Principal Officer

JAMES MCELLIGOTT

Phone

5087850068

Tax Period

2023-07-01 to 2024-06-30

THE CHARLES RIVER SCHOOL INC, founded in 1918, is a mid-sized nonprofit in the Education sector that reported $10.8M in total revenue in fiscal year 2023. Expenses of $10.4M left a modest 4% surplus.

Mission

CHARLES RIVER SCHOOL IS A PRE-KINDERGARTEN THROUGH GRADE 8 INDEPENDENT SCHOOL THAT HONORS ACADEMIC EXCELLENCE AND CELEBRATES THE JOY OF CHILDHOOD.

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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 $1,772,908

Program Service Revenue $8,593,827

Investment Income $435,909

Other Revenue $15,771

TOTAL REVENUE $10,818,415

Expense Breakdown

Grants Paid $967,648

Salaries & Benefits $5,754,074

Fundraising Expenses $438,718

Program Expenses $6,882,582

Other Expenses $3,683,789

TOTAL EXPENSES $10,430,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,818,415	$11,205,346	0.0%
Expenses	$10,430,511	$10,779,896	0.0%
Net Income	$387,904	$425,450	-0.1%

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

112

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

$341,242

Total Directors

$341,242

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GABRIEL BURNSTEIN	HEAD OF SCHOOL	40.00	Officer Director	$148,774	$24,930	$173,704
MARGARET LARKIN	HEAD OF SCHOOL (UNTIL 6/30/2023)	40.00	Officer Director	$148,348	$19,190	$167,538
LESLIE JACKSON JUDGE	PRESIDENT	10.00	Officer Director	$0	$0	$0
LAURA KUNKEMUELLER	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
FRED RAMOS	TREASURER (UNTIL 6/30/24)	10.00	Officer Director	$0	$0	$0
HEATHER WILLIS	CLERK	10.00	Officer Director	$0	$0	$0
AQUEELA CULBREATH-BRITT	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
JOHN FRANTZ	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
NANCY GALINDO-RODRIGUEZ	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
REBECCA GRIMM	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
JAMES MCELLIGOTT	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
KRISTINA WESTERLING	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
KATE PAGLIA	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
BRUCE LEVINE	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
ANDREW GALLINARO	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
DAVID ITZKOVITS	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
GUOPING ZHOU	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
MOLLY CUMMINGS CARNEY	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
BETH NEWMARK	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
TRACY-ANN BAIN	BOARD OF TRUSTEES (UNTIL 6/30/24)	1.00	Director	$0	$0	$0
WILL WILLIS	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
MARK STANEK	BOARD OF TRUSTEES (UNTIL 6/30/24)	1.00	Director	$0	$0	$0
JOANNA TRAVIS	BOARD OF TRUSTEES (UNTIL 6/30/24)	1.00	Director	$0	$0	$0
STEVE GINSBERG	BOARD OF TRUSTEES (UNTIL 6/30/24)	1.00	Director	$0	$0	$0
TESSA STEINERT-EVOY	FACULTY REP. (UNTIL 6/30/24)	1.00	Director	$0	$0	$0
LILY YEE	DIR. OF FINANCE (UNTIL 6/30/24)	40.00	Highest	$156,464	$28,268	$184,732
ELIZABETH CLAYTON	ASSOCIATE HEAD OF SCHOOL	40.00	Highest	$152,989	$22,006	$174,995
KATHERINE WHITTEN	DIRECTOR OF ADMISSIONS	40.00	Highest	$134,309	$13,768	$148,077
EMILY WALBERG	DIR. OF DEVELOPMENT (UNTIL 6/30/24)	40.00	Highest	$122,293	$25,684	$147,977
STEVEN TRUST	DIRECTOR OF IT	40.00	Highest	$101,044	$25,820	$126,864

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	$10,818,415	$10,430,511	$31,262,918	$387,904
2023	$11,205,346	$10,779,896	$30,378,941	$425,450
2022	$10,269,264	$9,687,854	$29,731,703	$581,410
2021	$9,740,841	$9,631,529	$32,596,721	$109,312
2020	$9,587,665	$9,588,406	$30,996,715	$-741
2019	$7,794,170	$9,174,517	$30,868,506	$-1,380,347
2018	$8,213,615	$9,073,638	$30,615,126	$-860,023

THE CHARLES RIVER SCHOOL INC