TRUSTEES OF THAYER ACADEMY INC (EIN 042105781) - 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

1879

Legal Domicile

Principal Officer

CHRIS M FORTUNATO

Phone

7813800503

Tax Period

2024-07-01 to 2025-06-30

TRUSTEES OF THAYER ACADEMY INC, founded in 1879, is a mid-sized nonprofit in the Education sector that reported $56.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

COLLEGE PREPARATORY EDUCATIONAL INSTITUTION FOR GRADES 5 THROUGH 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 $5,169,759

Program Service Revenue $48,909,605

Investment Income $1,496,525

Other Revenue $1,277,489

TOTAL REVENUE $56,853,378

Expense Breakdown

Grants Paid $9,976,378

Salaries & Benefits $27,495,739

Fundraising Expenses $2,267,085

Program Expenses $46,438,157

Other Expenses $18,383,757

TOTAL EXPENSES $55,855,874

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,853,378	$50,916,516	+0.1%
Expenses	$55,855,874	$51,765,467	+0.1%
Net Income	$997,504	$-848,951	-2.2%

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

479

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

$1,355,574

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES COUGHLIN	CHAIR	2.00	Director	$0	$0	$0
ELAINE DELUCA	VICE CHAIR	2.00	Director	$0	$0	$0
JOE FARMER	SECRETARY	2.00	Director	$0	$0	$0
GUY DANIELLO	TREASURER	2.00	Director	$0	$0	$0
DANYA ABRAMS	TRUSTEE	2.00	Director	$0	$0	$0
TAVARES BREWINGTON	TRUSTEE	2.00	Director	$0	$0	$0
DONOVAN BROWN	TRUSTEE	2.00	Director	$0	$0	$0
RACHEL CARD	TRUSTEE	2.00	Director	$0	$0	$0
ABE CEESAY	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL CURRY	TRUSTEE	2.00	Director	$0	$0	$0
ROB DEMARCO	TRUSTEE	2.00	Director	$0	$0	$0
DAVE DEVINE	TRUSTEE	2.00	Director	$0	$0	$0
JIM DOWDEN	TRUSTEE	2.00	Director	$0	$0	$0
LAUREN GOFF	TRUSTEE	2.00	Director	$0	$0	$0
JEN HAVLICEK	TRUSTEE	2.00	Director	$0	$0	$0
TERESA HSIAO	TRUSTEE	2.00	Director	$0	$0	$0
GREG LALLY	TRUSTEE	2.00	Director	$0	$0	$0
MARIE MORISETT	TRUSTEE	2.00	Director	$0	$0	$0
JEANINE MURPHY	TRUSTEE	2.00	Director	$0	$0	$0
JEFF ROBINSON	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW SULLIVAN	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS SULLIVAN	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER FORTUNATO	HEAD OF SCHOOL	40.00	Officer	$547,370	$316,085	$863,455
JULAINE MCINNIS	CFO & ASSISTANT TREASURER	40.00	Officer	$316,004	$27,664	$343,668
STEPHEN SANFORD	CHIEF FINANCIAL OPERATING OFFICER	40.00	Officer	$135,086	$13,365	$148,451
MELISSA L FORGER	DIRECTOR OF DEVELOPMENT	40.00	Highest	$223,696	$187,517	$411,213
ALISON TERRY	CHIEF OF STRATEGIC MARKETING AND COMMUNICATIONS	40.00	Highest	$197,804	$48,442	$246,246
ROBERTA MORAN	ATHLETICS DIRECTOR	40.00	Highest	$178,542	$57,348	$235,890
JED WARTMAN	ASSISTANT HEAD OF SCHOOL	40.00	Highest	$175,877	$176,719	$352,596
JEFFREY DWYER	DIRECTOR OF ENROLLMENT MANAGEMENT	40.00	Highest	$160,688	$70,917	$231,605

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	$56,853,378	$55,855,874	$190,210,815	$997,504
2024	No data	No data	No data	No data
2023	$47,064,979	$48,156,350	$178,053,491	$-1,091,371
2022	$46,445,748	$45,604,076	$167,302,971	$841,672
2021	$74,068,471	$42,443,554	$161,523,903	$31,624,917
2020	$44,503,308	$40,175,787	$129,204,584	$4,327,521
2019	$43,253,558	$40,435,272	$125,094,289	$2,818,286
2018	$38,995,814	$39,278,032	$117,061,678	$-282,218

TRUSTEES OF THAYER ACADEMY INC