TOWER SCHOOL IN MARBLEHEAD INC (EIN 042105750) - 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

1912

Legal Domicile

Principal Officer

MICHAEL GORDON

Phone

7816315800

Tax Period

2023-07-01 to 2024-06-30

TOWER SCHOOL IN MARBLEHEAD INC, founded in 1912, is a mid-sized nonprofit in the Education sector that reported $11.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $10.4M left a modest 6% surplus.

Mission

AN INDEPENDENT DAY SCHOOL SERVING PRE-KINDERGARTEN THROUGH GRADE 8.

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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 $1,209,939

Program Service Revenue $9,367,139

Investment Income $321,131

Other Revenue $100,531

TOTAL REVENUE $10,998,740

Expense Breakdown

Grants Paid $2,059,215

Salaries & Benefits $6,174,704

Fundraising Expenses $636,242

Program Expenses $8,089,240

Other Expenses $2,122,788

TOTAL EXPENSES $10,356,707

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,998,740	$9,853,687	+0.1%
Expenses	$10,356,707	$9,981,472	+0.0%
Net Income	$642,033	$-127,785	-6.0%

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

120

Volunteers

125

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

$107,304

Total Directors

Key Employees

$178,328

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGE PIERCE	DIRECTOR OF FINANCE AND OPERATIONS	60.00	Key Emp	$160,268	$18,060	$178,328
ELIZABETH BUCHAN	HEAD OF LOWER SCHOOL	40.00	Highest	$109,782	$42,540	$152,322
TODD EVELETH	HEAD OF SCHOOL	60.00	Officer	$103,940	$3,364	$107,304
SERENA GIFFORD	FORMER HEAD OF SCHOOL	60.00		$100,172	$11,814	$111,986
ALETHEA MCCORMICK	TRUSTEE/CHAIR	2.00	Officer Director	$0	$0	$0
ANGELA MUNRO	TRUSTEE/CLERK	2.00	Officer Director	$0	$0	$0
MATTHEW VELLUTO	TRUSTEE/VICE-CHAIR	2.00	Officer Director	$0	$0	$0
JEFFREY CARTER	TRUSTEE/VICE-CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL GORDON	TRUSTEE/TREASURER	2.00	Officer Director	$0	$0	$0
EMILY ZOTTO-BARNUM	TRUSTEE	1.00	Director	$0	$0	$0
CARRIE BERENSON ROSENMAN	TRUSTEE	1.00	Director	$0	$0	$0
DAPHNE RAMOS	TRUSTEE	1.00	Director	$0	$0	$0
ADAM PETRICK	TRUSTEE	1.00	Director	$0	$0	$0
CALISTA MAHARAJ	TRUSTEE	1.00	Director	$0	$0	$0
BARRY KELLY	TRUSTEE	1.00	Director	$0	$0	$0
GREG DOMBAL	TRUSTEE	1.00	Director	$0	$0	$0
JAMES FLEURIEL	TRUSTEE	1.00	Director	$0	$0	$0
STEFANIE CONAHAN	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN AINLAY	TRUSTEE	1.00	Director	$0	$0	$0
JAY STELLA	TRUSTEE	1.00	Director	$0	$0	$0
BETH PEABODY	TRUSTEE	1.00	Director	$0	$0	$0
RUTH DU MOULIN	TRUSTEE	1.00	Director	$0	$0	$0
KATE BRACKEN	TRUSTEE	1.00	Director	$0	$0	$0

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	$10,998,740	$10,356,707	$22,610,299	$642,033
2023	$9,853,687	$9,981,472	$20,381,864	$-127,785
2022	$10,113,331	$9,874,468	$19,833,981	$238,863
2021	$9,754,979	$9,504,882	$20,451,588	$250,097
2020	$10,167,918	$9,843,633	$15,430,841	$324,285
2019	$10,159,945	$9,513,409	$16,412,499	$646,536
2018	$7,796,824	$9,098,885	$15,322,280	$-1,302,061

TOWER SCHOOL IN MARBLEHEAD INC