THE CARROLL SCHOOL (EIN 042145258) - 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

1952

Legal Domicile

Principal Officer

DEBORAH MCCARTHY

Phone

7812598342

Tax Period

2022-07-01 to 2023-06-30

THE CARROLL SCHOOL, founded in 1952, is a mid-sized nonprofit in the Education sector that reported $35.7M in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.3M, a strong 18% operating margin.

Mission

CARROLL SCHOOL EMPOWERS CHILDREN WITH LANGUAGE-BASED LEARNING DIFFERENCES, SUCH AS DYSLEXIA, TO BECOME ACADEMICALLY SKILLED STUDENTS WHO ARE STRONG SELF-ADVOCATES AND CONFIDENT LIFELONG LEARNERS. CARROLL IS AN INCLUSIVE COMMUNITY COMMITTED TO EMBRACING DIVERSE STRENGTHS, IDENTITIES, AND LIVED EXPERIENCES IN ORDER TO GIVE EACH CHILD WHAT THEY MOST NEED TO THRIVE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,334,623

Program Service Revenue $28,332,167

Investment Income $931,972

Other Revenue $111,718

TOTAL REVENUE $35,710,480

Expense Breakdown

Grants Paid $3,545,135

Salaries & Benefits $19,775,954

Fundraising Expenses $1,104,793

Program Expenses $24,897,790

Other Expenses $6,081,343

TOTAL EXPENSES $29,402,432

Year-over-Year Comparison

	2022	2021	Change
Revenue	$35,710,480	$30,503,335	+0.2%
Expenses	$29,402,432	$28,069,310	+0.0%
Net Income	$6,308,048	$2,434,025	+1.6%

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

325

Volunteers

253

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

$854,293

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEVIN O'REILLY	CHAIR	3.00	Officer Director	$0	$0	$0
TIMOTHY CONNELLY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RENA CLARK	TREASURER	1.00	Officer Director	$0	$0	$0
GREGORY B O'BRIEN	SECRETARY	1.00	Officer Director	$0	$0	$0
COREY GRIFFIN	CHAIR GOVERNANCE COMMITTEE	1.00	Director	$0	$0	$0
ROBERT HIGGINS	CHAIR STRATEGIC PLAN. COMM.	1.00	Director	$0	$0	$0
LAWSON ALBRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
AMY ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
STEVE BALDINI	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN BLACK	TRUSTEE	1.00	Director	$0	$0	$0
TETE COBBLAH	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE GILMORE	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN HO	TRUSTEE	1.00	Director	$0	$0	$0
STEVE KAPLAN	TRUSTEE	1.00	Director	$0	$0	$0
BECKY KIDDER SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DIANA KNIGHTLY	TRUSTEE	1.00	Director	$0	$0	$0
CAROLINE KUHLMAN	TRUSTEE	1.00	Director	$0	$0	$0
GRETCHEN LARKIN	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE MARAGANORE	TRUSTEE	1.00	Director	$0	$0	$0
ZACHARY MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
TOM O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
LAURA REHNERT	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE SCHANTZ	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA TURCO	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD WATERS	TRUSTEE	1.00	Director	$0	$0	$0
HEIDI WEBSTER	TRUSTEE	1.00	Director	$0	$0	$0
JUDI SELDIN	ASSISTANT HEAD OF SCHOOL	40.00	Officer	$275,053	$50,578	$325,631
DEBORAH MCCARTHY	CFO	40.00	Officer	$142,917	$37,636	$180,553
RENEE GREENFIELD	HEAD OF SCHOOL	40.00	Officer	$303,245	$44,864	$348,109
JENNIFER BROCK	HEAD OF PRODUCT/COG. INTERVENTION	40.00	Highest	$162,740	$39,135	$201,875
STACEY DANIELS	CHIEF ENROLLMENT AND FA OFFICER	40.00	Highest	$129,755	$46,053	$175,808
SUSAN KINGMAN	LOWER SCHOOL DIV. HEAD	40.00	Highest	$138,349	$7,667	$146,016
ALLISON WEST	MIDDLE SCHOOL DIV. HEAD	40.00	Highest	$127,357	$9,994	$137,351
PATRICK SYLVESTER	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$160,702	$27,171	$187,873
STEVE WILKINS	HEAD MENTOR (PAST HOS)	40.00		$164,200	$17,061	$181,261

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	$35,710,480	$29,402,432	$84,066,509	$6,308,048
2022	$30,503,335	$28,069,310	$73,519,260	$2,434,025
2021	$32,903,152	$27,161,843	$76,520,468	$5,741,309
2020	$39,201,637	$25,945,532	$65,328,849	$13,256,105
2019	$29,706,279	$24,262,139	$50,900,488	$5,444,140
2018	$26,297,201	$23,203,337	$45,934,727	$3,093,864

THE CARROLL SCHOOL