GREENWICH ACADEMY INC

EIN: 060653118 501(c)(3) Education

GREENWICH, CT

Total Revenue
$51,216,827
Total Expenses
$57,540,791
Total Assets
$301,165,536
Net Assets
$246,897,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
CT
Principal Officer
MOLLY KING
Phone
2036258900
Tax Period
2022-07-01 to 2023-06-30

GREENWICH ACADEMY INC, founded in 1924, is a mid-sized nonprofit in the Education sector that reported $51.2M in total revenue in fiscal year 2022. Expenses of $57.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

GREENWICH ACADEMY IS AN INDEPENDENT COLLEGE-PREPARATORY DAY SCHOOL FOR GIRLS AND YOUNG WOMEN THAT SEEKS TO FOSTER EXCELLENCE. ITS MISSION IS TO PROVIDE A CHALLENGING, COMPREHENSIVE EDUCATIONAL EXPERIENCE GROUNDED IN A RIGOROUS LIBERAL ARTS CURRICULUM WITHIN AN INCLUSIVE, DIVERSE COMMUNITY. THE SCHOOL'S OBJECTIVE IS TO DEVELOP GIRLS AND YOUNG WOMEN OF EXCEPTIONAL CHARACTER AND ACHIEVEMENT WHO DEMONSTRATE INDEPENDENCE, RESILIENCE, COURAGE, INTEGRITY AND COMPASSION. WE STRIVE, ABOVE ALL, TO HONOR OUR MOTTO, "TOWARD THE BUILDING OF CHARACTER."

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $7,459,553
Program Service Revenue $42,911,355
Investment Income $125,270
Other Revenue $720,649
TOTAL REVENUE $51,216,827

Expense Breakdown

Grants Paid $3,960,250
Salaries & Benefits $34,970,670
Fundraising Expenses $2,099,129
Program Expenses $45,836,078
Other Expenses $18,609,871
TOTAL EXPENSES $57,540,791

Year-over-Year Comparison

2022 2021 Change
Revenue $51,216,827 $53,822,348 0.0%
Expenses $57,540,791 $55,377,037 +0.0%
Net Income $-6,323,964 $-1,554,689 +3.1%
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

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Governance

Voting Members
31
Independent Members
29
Employees
273
Volunteers
350

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
8
$2,120,570
Total Directors
31
$0
Key Employees
3
$1,506,357
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXA RAETHER MADDOCK TRUSTEE 1.00
Director
$0 $0 $0
ALEXANDER CAPTAIN TRUSTEE 5.00
Director
$0 $0 $0
ALEXANDRA STEEL SCOTT TRUSTEE 1.00
Director
$0 $0 $0
ANDRA WINOKUR NEWMAN CHAIRMAN 15.00
Officer Director
$0 $0 $0
ANNE DAY THORP TRUSTEE 1.00
Director
$0 $0 $0
BRIAN F CARROLL TRUSTEE 1.00
Director
$0 $0 $0
CARTER BROOKS SIMONDS TRUSTEE 1.00
Director
$0 $0 $0
CRAIG W PACKER TREASURER 5.00
Officer Director
$0 $0 $0
ERIN DODDS TRUSTEE 1.00
Director
$0 $0 $0
HEATHER JOHNSON SARGENT VICE CHAIR 5.00
Officer Director
$0 $0 $0
JAMES HO TRUSTEE 1.00
Director
$0 $0 $0
JAMIE ROACH MURRAY TRUSTEE 1.00
Director
$0 $0 $0
KHERI HOLLAND TILLMAN TRUSTEE 1.00
Director
$0 $0 $0
KRISSY SCHMITZ TRUSTEE 1.00
Director
$0 $0 $0
LAUREN BERKLEY SAUNDERS VICE CHAIR 5.00
Officer Director
$0 $0 $0
LISA UTZSCHNEIDER TRUSTEE 1.00
Director
$0 $0 $0
MARK MARUSZEWSKI TRUSTEE 1.00
Director
$0 $0 $0
MAUREEN A ALLWOOD TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL BEHRINGER TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL S SCHAFTEL VICE CHAIR 5.00
Officer Director
$0 $0 $0
MICHELLE JOHNSON SECRETARY 5.00
Officer Director
$0 $0 $0
PAGET MACCOLL TRUSTEE 1.00
Director
$0 $0 $0
PAMELA S PAGNANI TRUSTEE 1.00
Director
$0 $0 $0
PAUL T CAPPUCCIO TRUSTEE 1.00
Director
$0 $0 $0
RACHEL CHEEKS-GIVAN TRUSTEE 1.00
Director
$0 $0 $0
RACHEL ROBISON TRUSTEE 1.00
Director
$0 $0 $0
SAHARA LAKE TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN MURRAY TRUSTEE 1.00
Director
$0 $0 $0
SUHAS DAFTUAR TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY VAN BIESEN TRUSTEE 5.00
Director
$0 $0 $0
VALERIE ROCKEFELLER WAYNE TRUSTEE 1.00
Director
$0 $0 $0
ANDREA SABITSANA CHIEF FINANCIAL OFFICER 40.00
Officer
$426,984 $150,721 $577,705
MOLLY KING HEAD OF SCHOOL 40.00
Officer
$1,429,412 $113,453 $1,542,865
MARK FEINER ASSOC. HEAD OF SCHOOL 40.00
Key Emp
$458,174 $110,786 $568,960
REBECCA WALKER ASST. HEAD OF SCHOOL, HEAD OF MIDDLE 40.00
Key Emp
$364,482 $106,302 $470,784
THOMAS SULLIVAN ASST. HEAD OF SCHOOL, HEAD OF UPPER 40.00
Key Emp
$359,661 $106,952 $466,613
AMY O'REILLY RIZZI DIRECTOR OF ADVANCEMENT 40.00
Highest
$294,818 $104,107 $398,925
BOBBY WALKER JR ASST. HEAD FOR COMMUNITY AND STUDENT 40.00
Highest
$273,775 $78,582 $352,357
JON ROSS-WILEY HEAD OF LOWER SCHOOL 40.00
Highest
$231,065 $97,855 $328,920
KATHERINE SCHULZE DIRECTOR OF TECHNOLOGY 40.00
Highest
$182,654 $45,476 $228,130
MICHELLE SUMMERS DIRECTOR OF FINANCE AND OPERATIONS 40.00
Highest
$241,199 $35,455 $276,654
DONNA BYRNES FORMER DIR. OF ADVANCEMENT 16.00
$157,160 $0 $157,160
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 No data No data No data No data
2023 $51,216,827 $57,540,791 $301,165,536 $-6,323,964
2022 $53,822,348 $55,377,037 $291,347,699 $-1,554,689
2021 $56,728,095 $51,697,211 $313,417,197 $5,030,884
2020 $58,210,222 $50,118,268 $275,154,137 $8,091,954
2019 $67,862,854 $50,047,051 $255,835,296 $17,815,803
2018 $53,280,030 $47,695,817 $232,301,777 $5,584,213
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