THE BEMENT SCHOOL INC

EIN: 042234135 501(c)(3) Education

DEERFIELD, MA

Total Revenue
$14,434,563
Total Expenses
$12,654,033
Total Assets
$31,064,413
Net Assets
$25,076,825
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
MA
Principal Officer
MICHAEL SCHLOAT
Phone
4137747061
Tax Period
2024-07-01 to 2025-06-30

THE BEMENT SCHOOL INC, founded in 1957, is a mid-sized nonprofit in the Education sector that reported $14.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $12.7M left a modest 12% surplus.

Mission

THE BEMENT SCHOOL PROVIDES AN EDUCATION BASED ON TIME-HONORED SCHOOL TRADITIONS AND VALUES FOR CHILDREN IN KINDERGARTEN THROUGH NINTH GRADE, DAY AND BOARDING. FROM THE CLASSROOMS TO THE DORMS, WE LIVE AND LEARN AS A FAMILY, WHILE ENCOURAGING RESPONSIBILITY FOR OUR OWN WORK AND ACTIONS. BEMENT ACTIVELY SEEKS AN ACADEMICALLY DIVERSE, INTERNATIONAL, AND MULTICULTURAL STUDENT BODY. STUDENTS AND ADULTS AT BEMENT WORK TOGETHER TO CREATE A CLIMATE OF ACCEPTANCE, KINDNESS AND CHALLENGE WHICH NURTURES EACH CHILD INTELLECTUALLY, CREATIVELY, PHYSICALLY, AND EMOTIONALLY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,443,337
Program Service Revenue $9,575,182
Investment Income $401,151
Other Revenue $14,893
TOTAL REVENUE $14,434,563

Expense Breakdown

Grants Paid $1,389,181
Salaries & Benefits $5,731,147
Fundraising Expenses $1,823,277
Program Expenses $8,814,552
Other Expenses $5,533,705
TOTAL EXPENSES $12,654,033

Year-over-Year Comparison

2024 2023 Change
Revenue $14,434,563 $12,987,000 +0.1%
Expenses $12,654,033 $10,624,803 +0.2%
Net Income $1,780,530 $2,362,197 -0.2%
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

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Governance

Voting Members
18
Independent Members
18
Employees
126
Volunteers
N/A

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
5
$257,176
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SCHLOAT HEAD OF SCHOOL 40.00
Officer
$256,543 $633 $257,176
MICHELLE LAMARRE DIRECTOR OF FINANCE & OPER 40.00
Highest
$136,686 $9,329 $146,015
KIMBERLY LOUGHLIN DIRECTOR OF ADMISSION/ASST 40.00
Highest
$133,640 $9,365 $143,005
ALLISON FRY PRESIDENT 2.00
Officer Director
$0 $0 $0
JENNIFER CHIBANI VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
GREG HOLDEN TREASURER 2.00
Officer Director
$0 $0 $0
SCOTT SMITH SECRETARY 2.00
Officer Director
$0 $0 $0
BOB HOWE TRUSTEE 2.00
Director
$0 $0 $0
DESIREE KICZA TRUSTEE 2.00
Director
$0 $0 $0
BRIAN THOMPSON TRUSTEE 2.00
Director
$0 $0 $0
CRAIG WHITE TRUSTEE 2.00
Director
$0 $0 $0
LISA MCCARTHY TRUSTEE 2.00
Director
$0 $0 $0
EMMA CHEN-BANAS TRUSTEE 2.00
Director
$0 $0 $0
MICHELLE WIRTH TRUSTEE 2.00
Director
$0 $0 $0
JILL MICHELLE KEITER TRUSTEE 2.00
Director
$0 $0 $0
SHAWN ROBINSON TRUSTEE 2.00
Director
$0 $0 $0
BENJAMIN SIMANSKI TRUSTEE 2.00
Director
$0 $0 $0
MATTHEW DRAKE TRUSTEE 2.00
Director
$0 $0 $0
PATRICIA KUNG TRUSTEE 2.00
Director
$0 $0 $0
JAGER MCCONNELL TRUSTEE 2.00
Director
$0 $0 $0
KATIE VADASDI TRUSTEE 2.00
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 $14,434,563 $12,654,033 $31,064,413 $1,780,530
2024 $12,987,000 $10,624,803 $28,203,778 $2,362,197
2023 $10,335,666 $10,179,298 $24,125,721 $156,368
2022 $8,963,162 $9,071,886 $22,940,290 $-108,724
2021 $8,728,672 $9,189,749 $24,887,856 $-461,077
2020 $9,509,345 $9,102,349 $24,405,791 $406,996
2019 $9,507,486 $8,655,329 $22,722,913 $852,157
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