THE ADVENT SCHOOL CORPORATION

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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

1961

Legal Domicile

Principal Officer

JEFF CH MORGAN

Phone

6177420520

Tax Period

2022-07-01 to 2023-06-30

THE ADVENT SCHOOL CORPORATION, founded in 1961, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2022. Expenses of $7.9M left a modest 5% surplus.

Mission

THE MISSION OF THE CORPORATION IS TO EDUCATE CHILDREN. SINCE 1961, THE ADVENT SCHOOL HAS STAYED TRUE TO ITS FOUNDING VISION: AN URBAN SCHOOL WHOSE COMMUNITY REFLECTS THE DIVERSITY OF BOSTON; A FORWARD THINKING CURRICULUM THAT INSPIRES AND ENGAGES A CHILD'S PASSION FOR LEARNING; A COMMITMENT TO SOCIAL JUSTICE; AND A CULTURE OF COLLABORATION WHERE EVERY CHILD HAS THE CONFIDENCE TO TAKE ACTION IN A CONNECTED WORLD.

Program Service Accomplishments

Program 1

Expenses: $5,043,311 Revenue: $6,525,012

EDUCATIONAL INSTRUCTION AND STUDENT ACTIVITIES FOR STUDENTS IN GRADES EARLY CHILDHOOD THROUGH GRADE 6.

Program 2

Expenses: $668,674 Revenue: $630,967

AFTER SCHOOL PROGRAMS FOR CHILDREN WHO ARE STUDENTS AT THE ADVENT SCHOOL.

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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 $1,060,970

Program Service Revenue $7,155,979

Investment Income $120,737

Other Revenue $-50,100

TOTAL REVENUE $8,287,586

Expense Breakdown

Grants Paid $1,450,565

Salaries & Benefits $4,898,919

Fundraising Expenses $285,843

Program Expenses $5,711,985

Other Expenses $1,549,221

TOTAL EXPENSES $7,898,705

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,287,586	$7,990,661	+0.0%
Expenses	$7,898,705	$7,892,165	+0.0%
Net Income	$388,881	$98,496	+2.9%

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

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

$498,793

Total Directors

$85,489

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED SCHWARTZBERG	PRESIDENT & CHAIR	3.00	Officer Director	$0	$0	$0
LINDSY DASHIELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
VICENTE PIEDRAHITA	TREASURER	1.00	Officer Director	$0	$0	$0
ELYSE SWALLOW	SECRETARY	1.00	Officer Director	$0	$0	$0
JERRY WARD	TRUSTEE, MEMBER AT LARGE	1.00	Director	$0	$0	$0
JENNIFER CARRION	TRUSTEE, MEMBER AT LARGE	1.00	Director	$0	$0	$0
LAUREN GOFF	TRUSTEE, MEMBER AT LARGE	1.00	Director	$0	$0	$0
MORGAN BECKFORD	TRUSTEE	1.00	Director	$0	$0	$0
ROBY BHATTACHARYYA	TRUSTEE	1.00	Director	$0	$0	$0
INGRID BOYD	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL EDWARDS	TRUSTEE	1.00	Director	$0	$0	$0
ARTURO FORREST	TRUSTEE	1.00	Director	$0	$0	$0
JACK GURNON	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA KAISER	TRUSTEE	1.00	Director	$0	$0	$0
JON LEE	TRUSTEE	1.00	Director	$0	$0	$0
ADRIAN MADARO	TRUSTEE	1.00	Director	$0	$0	$0
MARK WHITE	TRUSTEE	1.00	Director	$0	$0	$0
LESLIE MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
MAX METRAL	TRUSTEE	1.00	Director	$0	$0	$0
SARAH PATRICK	TRUSTEE	1.00	Director	$0	$0	$0
BRETT PAULSRUD	TRUSTEE	1.00	Director	$0	$0	$0
RAMONA PERSAUD	TRUSTEE	1.00	Director	$0	$0	$0
KARIN ROESCH	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WEAVER	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER MEADER	TRUSTEE,FACULTY MEMBER	40.00	Director	$85,489	$0	$85,489
NICOLE DUFAUCHARD	HEAD OF SCHOOL	40.00	Officer	$324,258	$0	$324,258
JEFF CH MORGAN	DIRECTOR OF FINANCE AND OP	40.00	Officer	$174,535	$0	$174,535
LAUREN LEWIS	DIRECTOR OF ENROLLMENT MANAGEMENT	40.00	Highest	$120,935	$0	$120,935
ABIGAIL HAYHURST	DEAN OF STUDENT SERVICES	40.00	Highest	$108,939	$0	$108,939
GRETCHEN VICE	DEAN OF FACULTY	40.00	Highest	$108,127	$0	$108,127

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	$8,287,586	$7,898,705	$11,928,558	$388,881
2022	$7,990,661	$7,892,165	$13,227,091	$98,496
2021	$6,872,633	$7,700,497	$14,119,382	$-827,864
2020	$7,780,085	$6,942,812	$13,502,419	$837,273
2019	$6,361,946	$6,484,284	$12,760,894	$-122,338
2018	$6,149,050	$6,228,947	$12,658,624	$-79,897