CANTERBURY SCHOOL INC (EIN 060646566) - 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

1915

Legal Domicile

Principal Officer

RACHEL STONE

Phone

8602103800

Tax Period

2023-07-01 to 2024-06-30

CANTERBURY SCHOOL INC, founded in 1915, is a mid-sized nonprofit in the Education sector that reported $29.2M in total revenue in fiscal year 2023. Net assets of $79.8M represent 33 months of operating reserves.

Mission

EDUCATIONAL ORGANIZATION

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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 $4,546,291

Program Service Revenue $22,569,435

Investment Income $1,514,983

Other Revenue $543,548

TOTAL REVENUE $29,174,257

Expense Breakdown

Grants Paid $5,514,525

Salaries & Benefits $13,541,450

Fundraising Expenses $1,918,550

Program Expenses $22,078,743

Other Expenses $10,553,173

TOTAL EXPENSES $29,665,887

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,174,257	$28,226,432	+0.0%
Expenses	$29,665,887	$27,861,617	+0.1%
Net Income	$-491,630	$364,815	-2.3%

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

206

Volunteers

250

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

$1,062,954

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
H NICHOLAS RAGLAND JR	PRESIDENT (AS OF 10/23), TRUSTEE	1.00	Officer Director	$0	$0	$0
ROBERT H STEERS	PRESIDENT (UNTIL 10/23)	1.00	Officer Director	$0	$0	$0
JOHN A DONOVAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY COLEMAN LYNN	SECRETARY (AS OF 10/23)	1.00	Officer Director	$0	$0	$0
CAROL LOVELL CARMODY	TREASURER (AS OF 10/23), TRUSTEE	1.00	Officer Director	$0	$0	$0
DOROTHY L ALPERT	TRUSTEE	1.00	Director	$0	$0	$0
KEITH G ANGELL	TRUSTEE	1.00	Director	$0	$0	$0
HAROLD T CLARK III	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW P DWYER JR	TRUSTEE (UNTIL 10/23)	1.00	Director	$0	$0	$0
DOUGLAS FAMIGLETTI	TRUSTEE	1.00	Director	$0	$0	$0
LAWRENCE P FISHER II	TRUSTEE	1.00	Director	$0	$0	$0
SEAN F FLANAGAN	TRUSTEE	1.00	Director	$0	$0	$0
ANNA FLIK	TRUSTEE (UNTIL 4/24)	1.00	Director	$0	$0	$0
THEODORE C HOLLANDER	TRUSTEE	1.00	Director	$0	$0	$0
JEREMIAH E KEEFE	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN M KESSING	TRUSTEE	1.00	Director	$0	$0	$0
NANCY MULHEREN	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE D'AMOUR SCHNEIDER	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN J STEERS	TRUSTEE (UNTIL 10/23)	1.00	Director	$0	$0	$0
DONALD F VINCENT JR	TRUSTEE	1.00	Director	$0	$0	$0
NELL WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL STONE	HEAD OF SCHOOL/TREASURER	40.00	Officer	$386,891	$206,266	$593,157
PETER COTIER	ASSOC HEAD OF SCHOOL/ASST	40.00	Officer	$157,569	$71,958	$229,527
STEPHEN CARLETON	CHIEF FINANCIAL OFFICER	40.00	Officer	$194,500	$45,770	$240,270
RICHARD HENDERSON	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$186,664	$87,974	$274,638
JOHN MOYLAN	DIRECTOR OF FACILITIES	40.00	Highest	$125,834	$34,621	$160,455
JAMES STONE	DIRECTOR OF ATHLETICS	40.00	Highest	$125,049	$8,108	$133,157
MATTHEW GLASER	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Highest	$126,428	$28,792	$155,220
DAVID TUTTLE	DIRECTOR OF RECRUITMENT & EXTERNAL RELATION	40.00	Highest	$144,664	$8,882	$153,546

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	$29,174,257	$29,665,887	$101,626,076	$-491,630
2023	$28,226,432	$27,861,617	$98,249,171	$364,815
2022	$26,976,417	$26,190,599	$95,644,179	$785,818
2021	$25,928,885	$24,464,343	$108,986,766	$1,464,542
2020	$27,212,358	$24,152,344	$91,620,870	$3,060,014
2019	$29,556,146	$24,561,507	$84,044,997	$4,994,639
2018	$30,647,849	$24,268,092	$79,793,343	$6,379,757

CANTERBURY SCHOOL INC