THE RECTORY SCHOOL INC (EIN 060646805) - 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

1935

Legal Domicile

Principal Officer

FREDERICK W WILLIAMS

Phone

8609287759

Tax Period

2023-07-01 to 2024-06-30

THE RECTORY SCHOOL INC, founded in 1935, is a mid-sized nonprofit in the Education sector that reported $20.9M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $19.9M left a modest 5% surplus.

Mission

TO PROVIDE STUDENTS, FROM EARLY CHILDHOOD THROUGH MIDDLE SCHOOL, WITH AN ENRICHED AND SUPPORTIVE ACADEMIC, SOCIAL AND ETHICAL COMMUNITY THAT ADDRESSES INDIVIDUAL LEARNING STYLES, APTITUDES AND NEEDS WHILE PROMOTING PERSONAL SELF-WORTH AND ACCOUNTABILITY.

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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 $2,827,777

Program Service Revenue $16,872,038

Investment Income $1,007,071

Other Revenue $199,402

TOTAL REVENUE $20,906,288

Expense Breakdown

Grants Paid $2,537,475

Salaries & Benefits $10,352,793

Fundraising Expenses $729,030

Program Expenses $15,950,455

Other Expenses $6,977,352

TOTAL EXPENSES $19,867,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,906,288	$19,276,055	+0.1%
Expenses	$19,867,620	$18,108,758	+0.1%
Net Income	$1,038,668	$1,167,297	-0.1%

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

174

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

$599,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN T LEWIS	CHAIR (AS OF 07/2023)	1.00	Officer Director	$0	$0	$0
ELIZABETH H ZIMMERMANN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HENRY B EATON	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES H LEACH	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES E BELL III	TRUSTEE	1.00	Director	$0	$0	$0
YUNGDON ALAN CAO	TRUSTEE	1.00	Director	$0	$0	$0
SHEILA J CLANCY	TRUSTEE	1.00	Director	$0	$0	$0
MILES COLLINS	TRUSTEE	1.00	Director	$0	$0	$0
NATHAN FOLLANSBEE	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN GOLDING	TRUSTEE	1.00	Director	$0	$0	$0
NATHANIEL P HAMILTON JR	TRUSTEE	1.00	Director	$0	$0	$0
LAWRENCE KLAFF	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM P LOFTUS III	TRUSTEE	1.00	Director	$0	$0	$0
LLOYD W MONTGOMERY	TRUSTEE	1.00	Director	$0	$0	$0
HYUKKEE MOON	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA MULCAHY	TRUSTEE	1.00	Director	$0	$0	$0
DANIELLE REILLY	TRUSTEE	1.00	Director	$0	$0	$0
SAMUEL SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
ALFRED SLANETZ	TRUSTEE	1.00	Director	$0	$0	$0
NATASHA HARVEY SWANN	TRUSTEE	1.00	Director	$0	$0	$0
XIN TANG	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN M TUBRIDY	TRUSTEE	1.00	Director	$0	$0	$0
JOHNNY LL WELLS	TRUSTEE	1.00	Director	$0	$0	$0
FREDERICK W WILLIAMS	HEAD OF SCHOOL	50.00	Officer	$288,302	$114,610	$402,912
TONYA RAYMENT	CHIEF FINANCIAL OFFICER	50.00	Officer	$173,826	$22,637	$196,463
MARIA CARPENTER	DIRECTOR OF ELEMENTARY SCHOOL	40.00	Highest	$115,411	$36,260	$151,671
LISA HART	DIRECTOR OF ACADEMICS	40.00	Highest	$143,231	$38,077	$181,308
LESLEY GIBBS	DIRECTOR OF ADMISSIONS	40.00	Highest	$126,049	$4,639	$130,688
GLENN AMES	ASST. HEAD/DIR. OF MIDDLE SCHOOL	40.00	Highest	$126,484	$42,168	$168,652
DONNA DUBINSKY	DIRECTOR OF TECHNOLOGY	40.00	Highest	$107,264	$58,459	$165,723

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	$20,906,288	$19,867,620	$71,675,396	$1,038,668
2023	$19,276,055	$18,108,758	$65,137,323	$1,167,297
2022	$27,484,393	$17,112,733	$61,030,805	$10,371,660
2021	$18,937,754	$17,207,625	$48,042,903	$1,730,129
2020	$16,681,683	$16,995,594	$42,844,286	$-313,911
2019	$17,669,933	$16,378,343	$44,383,931	$1,291,590
2018	$17,661,095	$15,520,537	$41,395,372	$2,140,558

THE RECTORY SCHOOL INC