GREENWICH COUNTRY DAY SCHOOL 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

1926

Legal Domicile

Principal Officer

WILLIAM AUERSWALD

Phone

2038635600

Tax Period

2024-07-01 to 2025-06-30

GREENWICH COUNTRY DAY SCHOOL INC, founded in 1926, is a major nonprofit in the Education sector that reported $139.7M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45.4M, a strong 33% operating margin.

Mission

THE MISSION OF THE GREENWICH COUNTRY DAY SCHOOL IS TO ENABLE ALL CHILDREN IN OUR CARE TO DISCOVER AND TO DEVELOP WHAT IS FINEST IN THEMSELVES TO ACHIEVE THE HIGHEST STANDARDS IN THEIR STUDIES, IN THEIR PLAY, AND IN THEIR CHARACTER.

Program Service Accomplishments

Program 1

Expenses: $72,265,703 Revenue: $79,600,653

STUDENTS FROM NURSERY THROUGH TWELFTH GRADE, AND SUMMER PROGRAMS. TOTAL OF 1446 STUDENTS WERE ENROLLED FOR THE SCHOOL YEAR 2024-2025.

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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 (2024)

Revenue Breakdown

Contributions & Grants $55,988,421

Program Service Revenue $81,320,451

Investment Income $1,682,138

Other Revenue $753,703

TOTAL REVENUE $139,744,713

Expense Breakdown

Grants Paid $9,126,710

Salaries & Benefits $57,358,937

Fundraising Expenses $2,112,312

Program Expenses $72,265,703

Other Expenses $27,840,234

TOTAL EXPENSES $94,325,881

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,744,713	$114,737,876	+0.2%
Expenses	$94,325,881	$88,426,022	+0.1%
Net Income	$45,418,832	$26,311,854	+0.7%

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

688

Volunteers

500

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

$1,804,232

Total Directors

Key Employees

$1,387,356

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX KARNAL	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREW MCCORMACK	TRUSTEE	2.00	Director	$0	$0	$0
ANTONIA SOARES THOMPSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BARBARA HARTY	TRUSTEE	2.00	Director	$0	$0	$0
CATHY DISHNER	TRUSTEE	2.00	Director	$0	$0	$0
CELESTE COX BALDWIN	TRUSTEE	2.00	Director	$0	$0	$0
DANIELLE ROBINSON	TRUSTEE	2.00	Director	$0	$0	$0
DAVID FLOWERDEW	TRUSTEE	2.00	Director	$0	$0	$0
DON TRUESDALE	TRUSTEE	2.00	Director	$0	$0	$0
DWIGHT W ANDERSON	TRUSTEE	2.00	Director	$0	$0	$0
EMILY HOFFMAN STERN	PRESIDENT	2.00	Officer Director	$0	$0	$0
FRANK LOVERRO	TRUSTEE	2.00	Director	$0	$0	$0
HARRY SCHWEFEL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HELLEN KIM	PARENTS ASSOCIATION CO-CHAIR	2.00	Director	$0	$0	$0
HERBERT WASHER	TRUSTEE	2.00	Director	$0	$0	$0
JEFF ROBERTSON	VICE PRESIDENT (OUTGOING)	2.00	Officer Director	$0	$0	$0
KERRITH MACKAY	TRUSTEE/PARENTS ASSOCIATION CO-CHAIR	2.00	Director	$0	$0	$0
KRISTIN CUSTAR	TRUSTEE (OUTGOING)	2.00	Director	$0	$0	$0
KRYSTAL SACHS	TRUSTEE (OUTGOING)	2.00	Director	$0	$0	$0
MATT BREITFELDER	TRUSTEE	2.00	Director	$0	$0	$0
MIKE TRIPLETT	TRUSTEE	2.00	Director	$0	$0	$0
NICOLE MITCHELL	TRUSTEE	2.00	Director	$0	$0	$0
PHILLIP LAUDERDALE	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD DUCKETT	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT L HARTEVELDT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SONAL KHICHADIA	TRUSTEE	2.00	Director	$0	$0	$0
TAYLOR GLASEBROOK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
THOMAS CARELLA	TRUSTEE	2.00	Director	$0	$0	$0
TRICIA BLACK	TRUSTEE	2.00	Director	$0	$0	$0
VERNON SCHWARTZ	TRUSTEE (OUTGOING)	2.00	Director	$0	$0	$0
VICKI CRAVER	PRESIDENT (OUTGOING)	2.00	Officer Director	$0	$0	$0
WILLIAM MANUEL	TRUSTEE (OUTGOING)	2.00	Director	$0	$0	$0
ADAM ROHDIE	HEAD OF SCHOOL, EX-OFFICIO	60.00	Officer	$879,538	$450,951	$1,330,489
WILLIAM AUERSWALD	CFO/COO	50.00	Officer	$400,547	$73,196	$473,743
ANABEL M PEREZ	DIR. OF DEVELOPMENT	50.00	Key Emp	$248,075	$64,868	$312,943
CHERYL D PLUMMER	DIR. OF ADMISSIONS	40.00	Key Emp	$218,095	$36,554	$254,649
CHRISTOPHER S WINTERS	HEAD OF UPPER SCHOOL	40.00	Key Emp	$306,612	$67,306	$373,918
NINA BASINET	HEAD OF UPPER ELEMENTARY	40.00	Key Emp	$187,658	$20,448	$208,106
TRUDY J DAVIS	HEAD OF LOWER ELEMENTARY	40.00	Key Emp	$178,995	$58,745	$237,740
ALNARDO RAMIREZ	DIR. OF COLLEGE PLACEMENT	40.00	Highest	$281,201	$70,742	$351,943
ANNE ALLEN	ASSISTANT HEAD OF LOWER SC	40.00	Highest	$184,171	$48,784	$232,955
JACQUELINE JENKINS	ASSISTANT HEAD OF SCHOOL	40.00	Highest	$211,099	$46,800	$257,899
MARSHALL SPOONER	HEAD OF MIDDLE SCHOOL	40.00	Highest	$165,566	$58,869	$224,435
JASON REYNOLDS	FACULTY	40.00	Highest	$168,765	$52,374	$221,139

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	$139,744,713	$94,325,881	$457,440,331	$45,418,832
2024	No data	No data	No data	No data
2023	$91,881,366	$84,100,018	$363,515,463	$7,781,348
2022	$85,395,550	$71,944,523	$347,177,683	$13,451,027
2021	$95,548,707	$68,352,256	$332,908,976	$27,196,451
2020	$78,493,415	$85,205,738	$294,418,682	$-6,712,323
2019	$59,124,579	$49,180,312	$282,559,886	$9,944,267
2019	$59,124,579	$49,180,312	$282,559,886	$9,944,267
2018	$55,457,576	$42,486,865	$232,342,519	$12,970,711
2018	$55,457,576	$42,486,865	$232,342,519	$12,970,711