TRUSTEES OF WESTMINSTER SCHOOL INC (EIN 060646960) - 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

ELAINE WHITE

Phone

8604083000

Tax Period

2023-07-01 to 2024-06-30

TRUSTEES OF WESTMINSTER SCHOOL INC, founded in 1935, is a mid-sized nonprofit in the Education sector that reported $45.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $42.8M left a modest 6% surplus.

Mission

PROVIDE EDUCATIONAL PROGRAMS AND RELATED ACTIVITIES TO STUDENTS IN GRADES 9 THROUGH 12.

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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 $8,657,795

Program Service Revenue $29,457,012

Investment Income $7,135,455

Other Revenue $259,811

TOTAL REVENUE $45,510,073

Expense Breakdown

Grants Paid $6,646,292

Salaries & Benefits $17,740,098

Fundraising Expenses $3,175,592

Program Expenses $36,166,075

Other Expenses $18,396,006

TOTAL EXPENSES $42,821,966

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,510,073	$40,993,671	+0.1%
Expenses	$42,821,966	$40,544,707	+0.1%
Net Income	$2,688,107	$448,964	+5.0%

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

253

Volunteers

459

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

$1,120,820

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE L CARREL	CHAIR	1.00	Officer Director	$0	$0	$0
SARA L WHITELEY	SECRETARY	1.00	Officer Director	$0	$0	$0
IAN MORTON	TREASURER	1.00	Director	$0	$0	$0
JEFFREY H ARTIS	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN W BAILEY	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH GAILU BAIRD	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM L BECKFORD	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM D BREWER	OUTGOING TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER J CAMPBELL	TRUSTEE	1.00	Director	$0	$0	$0
HARVEY CHARLES DEMOVICK III	TRUSTEE	1.00	Director	$0	$0	$0
S COLIN DOWLING	TRUSTEE	1.00	Director	$0	$0	$0
EUNICE J HAN	TRUSTEE	1.00	Director	$0	$0	$0
POWELL W HOLLY III	TRUSTEE	1.00	Director	$0	$0	$0
MARTIN R IRANI	TRUSTEE	1.00	Director	$0	$0	$0
MARTIN KELLY	OUTGOING TRUSTEE	1.00	Director	$0	$0	$0
KATHEREINE B KELTER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID W KISTLER	TRUSTEE	1.00	Director	$0	$0	$0
SHANNON LANZONE	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP LAUDERDALE	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS W MCCARGO	OUTGOING TRUSTEE	1.00	Director	$0	$0	$0
MARY MINNS PECK	TRUSTEE	1.00	Director	$0	$0	$0
GARY L SIMPSON	TRUSTEE	1.00	Director	$0	$0	$0
HELEN SUN LIN	OUTGOING TRUSTEE	1.00	Director	$0	$0	$0
KIRSTEN SICHLER WEBB	TRUSTEE	1.00	Director	$0	$0	$0
BENJAMIN D WILLIAMS IV	TRUSTEE	1.00	Director	$0	$0	$0
ELAINE WHITE	HEAD OF SCHOOL	40.00	Officer	$380,514	$112,488	$493,002
JULIE COLLINS	CHIEF FINANCIAL OFFICER, ASST TREASU	40.00	Officer	$280,118	$95,580	$375,698
NEWELL GRANT	DIR OF ADVANCEMENT, ASST SECRETARY	40.00	Officer	$170,529	$81,591	$252,120
SHANNON E O'SHAUGHESSY	DIR OF ADVANCEMENT OPERATIONS	40.00	Highest	$162,929	$61,505	$224,434
JESSICA KEOUGH	ASSOCIATE HEAD OF SCHOOL	40.00	Highest	$142,230	$77,598	$219,828
MILES E BAILEY	DEAN OF ADMISSIONS	40.00	Highest	$179,287	$96,113	$275,400
PHIL RYAN	DIRECTOR OF FACILITIES & SECURITY OPS	40.00	Highest	$139,909	$11,686	$151,595
WILLARD SISTARE	DIRECTOR OF STUDIES	40.00	Highest	$151,019	$42,717	$193,736

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	$45,510,073	$42,821,966	$252,666,482	$2,688,107
2023	$40,993,671	$40,544,707	$245,440,097	$448,964
2022	$33,170,029	$38,675,830	$238,113,415	$-5,505,801
2021	$46,508,932	$37,075,456	$266,021,202	$9,433,476
2020	$35,472,059	$36,538,327	$227,893,500	$-1,066,268
2019	$37,273,621	$36,912,537	$220,478,431	$361,084
2018	$32,399,119	$34,947,004	$223,176,788	$-2,547,885

TRUSTEES OF WESTMINSTER SCHOOL INC