THE ROXBURY LATIN SCHOOL

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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

1645

Legal Domicile

Principal Officer

SAMUEL SCHAFFER

Phone

6173254920

Tax Period

2024-07-01 to 2025-06-30

THE ROXBURY LATIN SCHOOL, founded in 1645, is a mid-sized nonprofit in the Education sector that reported $25.8M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Net assets of $300.7M represent 140 months of operating reserves.

Mission

TO PROVIDE SECONDARY EDUCATION TO BOYS IN GRADES 7-12.

Program Service Accomplishments

Program 1

Expenses: $22,281,763 Revenue: $13,028,268

TO PROVIDE SECONDARY EDUCATION TO BOYS IN GRADES 7-12.

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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 $9,183,095

Program Service Revenue $12,545,400

Investment Income $3,603,394

Other Revenue $482,868

TOTAL REVENUE $25,814,757

Expense Breakdown

Grants Paid $3,292,395

Salaries & Benefits $13,163,461

Fundraising Expenses $1,970,886

Program Expenses $22,281,763

Other Expenses $10,957,839

TOTAL EXPENSES $27,413,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,814,757	$31,763,447	-0.2%
Expenses	$27,413,695	$26,899,152	+0.0%
Net Income	$-1,598,938	$4,864,295	-1.3%

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

200

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

$616,301

Total Directors

Key Employees

$545,005

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW J MCELANEY III	TRUSTEE	2.00	Director	$0	$0	$0
ANNE C MCNAY	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER T MITCHELL	TREASURER	2.00	Officer Director	$0	$0	$0
DENNIS KANIN	TRUSTEE (AS OF 9/24)	2.00	Director	$0	$0	$0
DEREK T HO	SECRETARY	2.00	Officer Director	$0	$0	$0
ETHAN M BERMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
EUGENE O LAMBERT JR	TRUSTEE (TO 9/24)	2.00	Director	$0	$0	$0
IAN LANE	TRUSTEE	2.00	Director	$0	$0	$0
JAMES A HAMILTON	TRUSTEE	2.00	Director	$0	$0	$0
JAMES J QUAGLIAROLI	TRUSTEE	2.00	Director	$0	$0	$0
JOHN J MITCHELL	TRUSTEE	2.00	Director	$0	$0	$0
JUSTIN CONNOLLY	TRUSTEE (AS OF 9/24)	2.00	Director	$0	$0	$0
KATHERINE CRAVEN	TRUSTEE	2.00	Director	$0	$0	$0
KENT E SAHIN	TRUSTEE	2.00	Director	$0	$0	$0
MARLYN E MCGRATH	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW CONSIGLI	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW W FRUHAN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL J GIARLA	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MONICA NEUMAN	TRUSTEE	2.00	Director	$0	$0	$0
OBIORA I MENKITI	TRUSTEE	2.00	Director	$0	$0	$0
PAUL M SPINALE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL R PROVOST	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT J O'CONNOR JR	TRUSTEE (TO 9/24)	2.00	Director	$0	$0	$0
ROBERTO S GOIZUETA	TRUSTEE (TO 9/24)	2.00	Director	$0	$0	$0
SOREN OBERG	TRUSTEE	2.00	Director	$0	$0	$0
VIVA HYATT	TRUSTEE (AS OF 9/24)	2.00	Director	$0	$0	$0
MICHAEL STANTON	CFO	50.00	Officer	$289,743	$35,202	$324,945
SAMUEL SCHAFFER	HEADMASTER	50.00	Officer	$251,862	$39,494	$291,356
BRYAN DUNN	ASST HEADMASTER FOR PROGRAMS	50.00	Key Emp	$167,525	$49,252	$216,777
THOMAS GUDEN	ASST HEADMASTER FOR ADVANCEMENT	50.00	Key Emp	$268,732	$59,496	$328,228
ERIN BERG	DIRECTOR OF COMMUNICATIONS	50.00	Highest	$170,840	$11,901	$182,741
ERNESTO GUERRA	FACULTY	50.00	Highest	$173,841	$22,901	$196,742
JAMES RYAN	FACULTY	50.00	Highest	$178,772	$22,168	$200,940
MATTHEW MCDONALD	DIRECTOR OF ADMISSIONS	50.00	Highest	$185,454	$24,272	$209,726
MICHAEL DOCURRAL	DIRECTOR OF OPERATIONS	50.00	Highest	$175,377	$44,880	$220,257
KERRY BRENNAN	HEAD OF SCHOOL EMERITUS (FORMER)	50.00		$392,051	$30,926	$422,977

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	$25,814,757	$27,413,695	$331,131,431	$-1,598,938
2024	$31,763,447	$26,899,152	$314,063,686	$4,864,295
2023	$29,628,773	$24,641,332	$292,324,397	$4,987,441
2022	$30,958,252	$23,883,247	$279,928,763	$7,075,005
2021	$22,398,287	$20,899,962	$300,001,857	$1,498,325
2020	$20,155,497	$19,069,801	$248,843,891	$1,085,696
2019	$14,708,716	$19,512,322	$248,582,582	$-4,803,606
2018	$20,627,014	$19,067,775	$250,647,191	$1,559,239