FALMOUTH ACADEMY INC

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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

1977

Legal Domicile

Principal Officer

CARMEN DISANTO

Phone

5084579696

Tax Period

2023-07-01 to 2024-06-30

FALMOUTH ACADEMY INC, founded in 1977, is a community nonprofit in the Education sector that reported $8.9M in total revenue in fiscal year 2023. Net assets of $23.6M represent 32 months of operating reserves.

Mission

HARNESSING THE POWER OF INSPIRED LEARNING IN A WORLD-RENOWNED SCIENTIFIC AND VIBRANT ARTISTIC COMMUNITY, FALMOUTH ACADEMY EMBOLDENS EACH STUDENT TO TAKE CREATIVE AND INTELLECTUAL RISKS TO CONFIDENTLY ENGAGE THE CHALLENGES OF OUR TIMES.

Program Service Accomplishments

Program 1

Expenses: $6,073,214 Revenue: $6,669,060

THE ACADEMY'S PRIMARY MISSION IS THE EDUCATION OF STUDENTS ENROLLED IN GRADES 7 THROUGH 12. DURING THE CURRENT YEAR THE ACADEMY HAD ENROLLED 190 STUDENTS.

Program 2

Expenses: $224,668 Revenue: $385,437

FALMOUTH ACADEMY OFFERS A SUMMER PROGRAM FOR STUDENTS OF ALL AGES AND SKILL LEVELS INVOLVING ACTIVITIES IN THE ARTS, SCIENCE AND ROBOTICS, ATHLETICS, LANGUAGES AND OUTDOOR ACTIVITIES. THE COURSES...

FALMOUTH ACADEMY OFFERS A SUMMER PROGRAM FOR STUDENTS OF ALL AGES AND SKILL LEVELS INVOLVING ACTIVITIES IN THE ARTS, SCIENCE AND ROBOTICS, ATHLETICS, LANGUAGES AND OUTDOOR ACTIVITIES. THE COURSES USUALLY LAST A WEEK AND RUN FOR SIX WEEKS FROM LATE JUNE 2023 - AUGUST 2023.

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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 $1,301,317

Program Service Revenue $7,054,497

Investment Income $460,578

Other Revenue $54,650

TOTAL REVENUE $8,871,042

Expense Breakdown

Grants Paid $1,563,658

Salaries & Benefits $5,058,415

Fundraising Expenses $448,944

Program Expenses $6,297,882

Other Expenses $2,105,558

TOTAL EXPENSES $8,727,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,871,042	$9,243,752	0.0%
Expenses	$8,727,631	$8,601,608	+0.0%
Net Income	$143,411	$642,144	-0.8%

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

100

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

$505,858

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM SHOLLEY	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW BOWEN	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW KINGMAN	TRUSTEE	2.00	Director	$0	$0	$0
BENJAMIN BAUM	TRUSTEE	2.00	Director	$0	$0	$0
GREG CLANCY	TRUSTEE	2.00	Director	$0	$0	$0
HENRIK GULMANN	TRUSTEE/TREASURER	2.00	Officer Director	$0	$0	$0
JOAN O HOLDEN	TRUSTEE/SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN HEYL	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH VALLE	TRUSTEE	2.00	Director	$0	$0	$0
KENNETH ARMSTEAD	TRUSTEE	2.00	Director	$0	$0	$0
LUKE MCCABE	TRUSTEE/VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARY HARRINGTON AO 515	TRUSTEE	2.00	Director	$0	$0	$0
MAURA BULLOCK MCSHERRY	TRUSTEE	2.00	Director	$0	$0	$0
MEGAN ENGLISH BRAGA	TRUSTEE/BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MEGAN STARR	TRUSTEE	2.00	Director	$0	$0	$0
MINDY TODD	TRUSTEE	2.00	Director	$0	$0	$0
PETER JEFFREY	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD HEYWOOD	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT MUNIER	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT BROWN	TRUSTEE	2.00	Director	$0	$0	$0
SEAN O'NEILL	TRUSTEE	2.00	Director	$0	$0	$0
SHEILA GIANCOLA	TRUSTEE	2.00	Director	$0	$0	$0
CARMEN DISANTO	DIR. OF FINANCE AND OPERAT	40.00	Officer	$132,569	$27,609	$160,178
MATTHEW GREEN	HEAD OF SCHOOL	40.00	Officer	$301,242	$44,438	$345,680

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	$8,871,042	$8,727,631	$25,185,707	$143,411
2023	$9,243,752	$8,601,608	$24,502,554	$642,144
2022	$12,778,756	$8,021,413	$23,147,800	$4,757,343
2021	$8,898,721	$8,154,008	$24,013,781	$744,713
2020	$8,050,117	$7,667,087	$21,996,808	$383,030
2019	$7,583,131	$7,511,726	$21,737,916	$71,405
2018	$6,956,337	$7,054,548	$21,405,760	$-98,211