THE TAFT SCHOOL CORPORATION (EIN 060646921) - 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

1930

Legal Domicile

Principal Officer

PETER BECKER

Phone

8609457777

Tax Period

2024-07-01 to 2025-06-30

THE TAFT SCHOOL CORPORATION, founded in 1930, is a major nonprofit in the Education sector that reported $122.8M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54.3M, a strong 44% operating margin.

Mission

THE MISSION OF THE SCHOOL IS TO EDUCATE THE WHOLE STUDENT.

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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 $25,152,151

Program Service Revenue $43,368,442

Investment Income $53,557,205

Other Revenue $674,652

TOTAL REVENUE $122,752,450

Expense Breakdown

Grants Paid $11,076,555

Salaries & Benefits $30,381,041

Fundraising Expenses $3,993,207

Program Expenses $56,374,375

Other Expenses $26,734,206

TOTAL EXPENSES $68,406,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$122,752,450	$80,362,023	+0.5%
Expenses	$68,406,313	$65,837,521	+0.0%
Net Income	$54,346,137	$14,524,502	+2.7%

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

399

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

$1,110,917

Total Directors

Key Employees

$679,578

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARKIS D IZMIRLIAN II	CHAIRMAN	0.50	Officer Director	$0	$0	$0
ERNEST O KWARTENG	SECRETARY	0.50	Officer Director	$0	$0	$0
AMISH H MEHTA	TREASURER	0.50	Officer Director	$0	$0	$0
JONATHAN D ALBERT	TRUSTEE (OUTGOING 04/25)	0.50	Director	$0	$0	$0
EMILY PAVIOUR BAKEMEIR	TRUSTEE	0.50	Director	$0	$0	$0
SUPRIYA BALSEKAR BOOTH	TRUSTEE	0.50	Director	$0	$0	$0
PETER C BOWDEN	TRUSTEE	0.50	Director	$0	$0	$0
HENRY G BRAUER	TRUSTEE	0.50	Director	$0	$0	$0
DIANA SANDS CALVARUSO	TRUSTEE	0.50	Director	$0	$0	$0
KATAMA GUERNSEY EASTMAN	TRUSTEE	0.50	Director	$0	$0	$0
J KINGMAN GORDON	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL M HUMPHREYS	TRUSTEE	0.50	Director	$0	$0	$0
JOYCE KWOK	TRUSTEE	0.50	Director	$0	$0	$0
ROGER H LEE	TRUSTEE	0.50	Director	$0	$0	$0
NAVID A MAHMOODZADEGAN	TRUSTEE	0.50	Director	$0	$0	$0
AMANDA C MCGOVERN	TRUSTEE	0.50	Director	$0	$0	$0
PAUL T MCGOWAN	TRUSTEE	0.50	Director	$0	$0	$0
ANTHONY W PASQUARIELLO	TRUSTEE	0.50	Director	$0	$0	$0
DR EMILY ISRAEL PLUHAR	TRUSTEE	0.50	Director	$0	$0	$0
DR JOHN K RIGGINS JR	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT F SAVAGE JR	TRUSTEE	0.50	Director	$0	$0	$0
DAVID SIM	TRUSTEE	0.50	Director	$0	$0	$0
DYLAN T SIMONDS	TRUSTEE	0.50	Director	$0	$0	$0
LOUIS SO	TRUSTEE	0.50	Director	$0	$0	$0
KATE GENUNG TAYLOR	TRUSTEE	0.50	Director	$0	$0	$0
JEFFREY M WALSH	TRUSTEE	0.50	Director	$0	$0	$0
ROBIN WANG	TRUSTEE	0.50	Director	$0	$0	$0
CHARLES E WATSON	TRUSTEE	0.50	Director	$0	$0	$0
SCOTT G WILLARD	TRUSTEE	0.50	Director	$0	$0	$0
JOANNE K ZIESING	TRUSTEE	0.50	Director	$0	$0	$0
PETER BECKER	PRES./HEAD OF SCHOOL	40.00	Officer	$500,562	$164,601	$665,163
JOHN H ODDEN	CFO	40.00	Officer	$321,187	$124,567	$445,754
ARTHUR L CRIMMINS	CHIEF ADVANCEMENT OFFICER	40.00	Key Emp	$287,823	$84,332	$372,155
DAVID JEREMY LACASSE	ASSIST. HEAD OF SCHOOL FOR STUDENT LIFE	40.00	Key Emp	$182,381	$125,042	$307,423
KAITLIN ORFITELLI	DIR. OF MARKETING & COMMUN	40.00	Highest	$170,051	$122,624	$292,675
RICHARD J GALIETTE	DIRECTOR OF MAJOR & PLANNED GIFTS	40.00	Highest	$167,600	$4,770	$172,370
ALVIN I REIFF JR	MATHEMATICS DEPT. HEAD, TEC DIRECTOR	40.00	Highest	$161,199	$49,498	$210,697
KIERSTEN CHAPMAN MARICH	SENIOR DIRECTOR OF ADVANCEMENT	40.00	Highest	$161,187	$71,332	$232,519
HEIDI LEATHERMAN	CONTROLLER	40.00	Highest	$174,235	$31,503	$205,738
WILLIAM MACMULLEN	FORMER PRES./HEAD OF SCHOOL	40.00		$394,228	$76,570	$470,798

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	$122,752,450	$68,406,313	$530,630,018	$54,346,137
2024	$80,362,023	$65,837,521	$493,572,563	$14,524,502
2023	$72,655,289	$63,893,459	$466,785,212	$8,761,830
2022	$83,525,324	$59,337,990	$447,949,060	$24,187,334
2021	$67,557,837	$53,387,250	$483,373,071	$14,170,587
2020	$59,540,294	$51,725,535	$392,170,576	$7,814,759
2019	$59,234,269	$53,931,963	$427,515,362	$5,302,306
2018	$63,226,517	$51,622,424	$424,805,811	$11,604,093

THE TAFT SCHOOL CORPORATION