WOOSTER SCHOOL CORPORATION

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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

1926

Legal Domicile

Principal Officer

MICHAEL JUMPER

Phone

2038303900

Tax Period

2024-07-01 to 2025-06-30

WOOSTER SCHOOL CORPORATION, founded in 1926, is a mid-sized nonprofit that reported $19.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $17.9M left a modest 8% surplus.

Mission

THE PURPOSE OF THE WOOSTER SCHOOL IS TO PREPARE YOUNG PEOPLE FOR FULFILLMENT, HAPPINESS AND SUCCESS IN LIFE THROUGH THE RIGOROUS AND HEALTHY DEVELOPMENT OF INTELLECT, CONSCIENCE, BODY AND SPIRIT. THE WOOSTER SCHOOL COMMUNITY FOSTERS A CULTURE RICH IN THINKING, LEARNING, RELATIONSHIPS AND SELF-HELP. STUDENTS DEVELOP THE SKILLS, DISPOSITIONS AND KNOWLEDGE NECESSARY TO CONFIDENTLY AND RESILIENTLY ENGAGE THE WORLD AS PEOPLE OF CONSCIENCE, COMPASSION AND ACTION.

Program Service Accomplishments

Program 1

Expenses: $13,919,423 Revenue: $18,043,778

INSTRUCTION OF AND EDUCATIONAL PROGRAMS FOR APPROXIMATELY 341 CHILDREN ENROLLED IN GRADE 5 THROUGH GRADE 12 BY APPROXIMATELY 74 QUALIFIED INSTRUCTORS.

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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 $830,855

Program Service Revenue $18,043,778

Investment Income $398,954

Other Revenue $103,744

TOTAL REVENUE $19,377,331

Expense Breakdown

Grants Paid $3,965,215

Salaries & Benefits $9,217,327

Fundraising Expenses $386,319

Program Expenses $13,919,423

Other Expenses $4,349,196

TOTAL EXPENSES $17,891,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,377,331	$16,776,712	+0.2%
Expenses	$17,891,758	$16,938,104	+0.1%
Net Income	$1,485,573	$-161,392	-10.2%

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

106

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

$1,100,104

Total Directors

$801,960

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW BYRNES	HEAD OF SCHOOL	60.00	Officer Director	$687,249	$114,711	$801,960
ALLEN PURKISS	PRESIDENT	12.00	Officer Director	$0	$0	$0
JENNIFER WADEHRA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHIP FORTSON	TREASURER	12.00	Officer Director	$0	$0	$0
ANDREW WOOD	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
CARLOS ASPILLAGA	SECRETARY	2.00	Officer Director	$0	$0	$0
KIMBERLY BISHOP	TRUSTEE	2.00	Director	$0	$0	$0
CAROLINE BREEN	TRUSTEE	2.00	Director	$0	$0	$0
NOAH COBURN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL GORDON	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD JONES	TRUSTEE	2.00	Director	$0	$0	$0
BOB MARTY	TRUSTEE	2.00	Director	$0	$0	$0
AUDREY MERCHAN	TRUSTEE	2.00	Director	$0	$0	$0
SIMON PORTER	TRUSTEE	2.00	Director	$0	$0	$0
MARK SCHNEIDER	TRUSTEE	2.00	Director	$0	$0	$0
JANE SINGHAL	TRUSTEE	2.00	Director	$0	$0	$0
ROBYN TAS	TRUSTEE	2.00	Director	$0	$0	$0
SHELIKA TATE	TRUSTEE	2.00	Director	$0	$0	$0
JAY YOUNG	TRUSTEE	2.00	Director	$0	$0	$0
MIKE JUMPER	CHIEF FINANCIAL OFFICER	60.00	Officer	$278,992	$19,152	$298,144
CHRIS PANNONE	ASSOCIATE HEAD OF SCHOOL	60.00	Highest	$268,135	$25,011	$293,146
TODD FISCHER	DIRECTOR OF FACILITIES	50.00	Highest	$121,905	$21,647	$143,552
DIANE MARTIN	DIRECTOR OF DIVISIONS	50.00	Highest	$207,748	$29,863	$237,611
SHANNON PROHASZKA	CHIEF DEVELOPMENT OFFICER	50.00	Highest	$156,399	$31,727	$188,126
ELIZABETH HIGGINS	DIRECTOR OF TEACHER LEARNING	50.00	Highest	$137,826	$16,667	$154,493

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	$19,377,331	$17,891,758	$20,511,881	$1,485,573
2024	$16,776,712	$16,938,104	$18,967,299	$-161,392
2023	$16,537,282	$15,982,412	$18,465,219	$554,870
2022	$16,138,780	$15,208,526	$18,150,234	$930,254
2021	$17,834,046	$14,303,303	$16,736,944	$3,530,743
2020	$15,630,019	$15,278,183	$14,680,035	$351,836
2019	$15,104,505	$14,869,724	$14,248,786	$234,781
2018	$15,181,608	$14,948,147	$14,734,487	$233,461