SALISBURY SCHOOL INC (EIN 060646888) - 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

1901

Legal Domicile

Principal Officer

WILLIAM WEBB

Phone

8604355711

Tax Period

2023-07-01 to 2024-06-30

SALISBURY SCHOOL INC, founded in 1901, is a mid-sized nonprofit in the Education sector that reported $40.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.7M, a strong 17% operating margin.

Mission

EDUCATION: SALISBURY SCHOOL IS AN INDEPENDENT BOY'S SECONDARY SCHOOL (GRADES 9 THROUGH 12) FOR BOARDING AND DAY STUDENTS. THE SCHOOL RECRUITS STUDENTS FROM AROUND THE WORLD.

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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 $12,632,723

Program Service Revenue $24,294,168

Investment Income $3,023,982

Other Revenue $78,372

TOTAL REVENUE $40,029,245

Expense Breakdown

Grants Paid $4,846,702

Salaries & Benefits $15,167,203

Fundraising Expenses $1,898,342

Program Expenses $25,972,840

Other Expenses $13,292,318

TOTAL EXPENSES $33,306,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,029,245	$35,562,584	+0.1%
Expenses	$33,306,223	$30,729,008	+0.1%
Net Income	$6,723,022	$4,833,576	+0.4%

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

226

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

$849,364

Total Directors

Key Employees

$832,598

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAMPBELL LANGDON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
DAVID LEAVY	CO-CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW BARZUN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT ZABEL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GREGORY JOHNSON	TRASURER	1.00	Officer Director	$0	$0	$0
JOHN LAMBROS	VICE TREASURER	1.00	Officer Director	$0	$0	$0
DAVID MATHUS	SECRETARY	1.00	Officer Director	$0	$0	$0
REVEREND WILLIAM DANAHER	VICE SECRETARY	1.00	Officer Director	$0	$0	$0
BAOPEND BAI	TRUSTEE	1.00	Director	$0	$0	$0
FREDERICK BECK	TRUSTEE	1.00	Director	$0	$0	$0
SAM A BRADLEY	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW CASSIN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN COLEMAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN COUZENS JR	TRUSTEE	1.00	Director	$0	$0	$0
BRADFORD DIMEO	TRUSTEE	1.00	Director	$0	$0	$0
DAVID FRIEDMAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL GANS	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH HANAU	TRUSTEE	1.00	Director	$0	$0	$0
ADELAIDE HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA ISEN	TRUSTEE	1.00	Director	$0	$0	$0
ARRMANDO JIMENEZ	TRUSTEE	1.00	Director	$0	$0	$0
PETER KEEHN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL W MALAFRONTE	TRUSTEE	1.00	Director	$0	$0	$0
HARRIET MARSHALL	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER MERRILL	TRUSTEE	1.00	Director	$0	$0	$0
SADIQ OLANREWAJU	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY REES	TRUSTEE	1.00	Director	$0	$0	$0
WHITNEY ROBINSON	TRUSTEE	1.00	Director	$0	$0	$0
J WOOD RUTTER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM SLATTERY	TRUSTEE	1.00	Director	$0	$0	$0
WILLLIAM WEBB	HEAD OF SCHOOL	40.00	Officer	$405,392	$104,014	$509,406
VAFA VAHID	CFOO	40.00	Officer	$321,258	$18,700	$339,958
ROBERT WYNNE	ASSOCIATE HEAD OF SCHOOL	40.00	Key Emp	$337,551	$141,189	$478,740
PETER GILBERT	ASSISTANT HEAD OF SCHOOL FOR INSTITUTIONAL ADVANCE	40.00	Key Emp	$275,782	$78,076	$353,858
JOSEPHINE LEARY	DIRECTOR OF FINANCE	40.00	Highest	$204,008	$20,375	$224,383
PETER J RAIFSTANGER	DIRECTOR OF TECHNOLOGY	40.00	Highest	$144,701	$45,893	$190,594
KRISTINA MILLER	DIRECTOR OF DEVELOPMENT	40.00	Highest	$136,148	$7,503	$143,651
WILLIAM BOYER	DIRECTOR OF FACILITIES	40.00	Highest	$134,840	$29,082	$163,922
M BETH HAMMOND	DIRECTOR OF HEALTH SERVICES	40.00	Highest	$133,040	$66,563	$199,603

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	$40,029,245	$33,306,223	$251,409,345	$6,723,022
2023	$35,562,584	$30,729,008	$231,447,981	$4,833,576
2022	$36,789,064	$28,159,648	$219,008,162	$8,629,416
2021	$31,894,355	$26,679,025	$220,053,880	$5,215,330
2020	$27,435,789	$27,065,585	$183,556,815	$370,204
2019	$32,329,690	$27,441,830	$186,501,463	$4,887,860
2018	$31,150,360	$26,609,420	$184,619,023	$4,540,940

SALISBURY SCHOOL INC