THE CHESHIRE ACADEMY

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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

1937

Legal Domicile

Principal Officer

JULIE ANDERSON

Phone

2032725396

Tax Period

2023-07-01 to 2024-06-30

THE CHESHIRE ACADEMY, founded in 1937, is a mid-sized nonprofit that reported $22.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

CHESHIRE ACADEMY IS AN INTERNATIONALLY MINDED COLLEGE-PREPARATORY SCHOOL THAT CHALLENGES ITS STUDENTS TO MAXIMIZE THEIR POTENTIAL BY DEVELOPING THE CONFIDENCE, CHARACTER, AND CRITICAL THINKING SKILLS THAT ENABLE THEM TO THRIVE AS GLOBAL CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $18,807,135 Revenue: $18,849,748

CHESHIRE ACADEMY STUDENTS GROW INCREASINGLY CAPABLE OF INDEPENDENTLY OBSERVING, QUESTIONING, EXPLAINING, INTERPRETING, AND ANALYZING THE WORLD. OUR ACADEMIC PROCESS BEGINS WITH WHAT STUDENTS KNOW AND WANT TO KNOW, AND DEVELOPS ACTIVE LEARNERS WHO REFLECT ON THEIR GROWTH AND THE IMPLICATIONS OF THEIR LEARNING. LOCATED IN DOWNTOWN CHESHIRE, CHESHIRE ACADEMY IS A PRIVATE SCHOOL WITH A STUDENT BODY OF APPROXIMATELY 370 STUDENTS FOR GRADES 9-12 AND POSTGRADUATE.

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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 $1,683,795

Program Service Revenue $18,826,207

Investment Income $1,170,033

Other Revenue $636,713

TOTAL REVENUE $22,316,748

Expense Breakdown

Grants Paid $4,873,669

Salaries & Benefits $10,939,047

Fundraising Expenses $1,413,088

Program Expenses $18,807,135

Other Expenses $7,685,773

TOTAL EXPENSES $23,498,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,316,748	$20,387,255	+0.1%
Expenses	$23,498,489	$22,555,863	+0.0%
Net Income	$-1,181,741	$-2,168,608	-0.5%

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

167

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

$727,817

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER FREEDMAN	CHAIR	8.00	Officer Director	$0	$0	$0
RON BERGAMO	VICE CHAIR	8.00	Officer Director	$0	$0	$0
CATHERINE BONNEAU	SECRETARY	8.00	Officer Director	$0	$0	$0
JARED PINSKER	TREASURER	8.00	Officer Director	$0	$0	$0
WILLIAM AMPOFO	TRUSTEE	2.00	Director	$0	$0	$0
ANGELINA CASANOVA	TRUSTEE, THRU APRIL 2024	2.00	Director	$0	$0	$0
BART DEPRETRILLO	TRUSTEE	2.00	Director	$0	$0	$0
MITCHELL HERMAN	TRUSTEE	2.00	Director	$0	$0	$0
DR JAMES KEMPTON	TRUSTEE	2.00	Director	$0	$0	$0
SUPARNA MODY	TRUSTEE	2.00	Director	$0	$0	$0
DR WILLIAM PETIT	TRUSTEE	2.00	Director	$0	$0	$0
COURTNEY SACCHETTI	TRUSTEE	2.00	Director	$0	$0	$0
PRAVEEN SAVALGI	TRUSTEE	2.00	Director	$0	$0	$0
TODD SAVAGE	TRUSTEE	2.00	Director	$0	$0	$0
ED VINAL	TRUSTEE	2.00	Director	$0	$0	$0
MURALI VENKATRAMAN	TRUSTEE	2.00	Director	$0	$0	$0
JULIE ANDERSON	HEAD OF SCHOOL	50.00	Officer	$394,987	$87,193	$482,180
MATTHEW PIECHOTA	CHIEF FINANCIAL OFFICER	50.00	Officer	$160,079	$85,558	$245,637
ADOLPHUS CLINTON	ASSISTANT HEAD OF SCHOOL	50.00	Highest	$155,883	$72,535	$228,418
BARBARA DAVIS	DIRECTOR OF DEV., THRU DEC. 2023	50.00	Highest	$138,854	$74,408	$213,262
REBECCA BROOKS	DIRECTOR OF ADMISSION	50.00	Highest	$111,453	$21,977	$133,430
KENNETH MASON	CHIEF MARKETING OFF., THRU DEC. 2023	50.00	Highest	$123,127	$46,364	$169,491
KYLAH ARIAS	DIRECTOR OF COUNSELING	50.00	Highest	$117,610	$10,117	$127,727

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	$22,316,748	$23,498,489	$48,844,775	$-1,181,741
2023	$20,387,255	$22,555,863	$49,955,438	$-2,168,608
2022	$20,804,354	$22,728,039	$52,027,304	$-1,923,685
2021	$25,477,225	$21,831,009	$50,566,878	$3,646,216
2020	$22,859,895	$21,881,455	$40,635,698	$978,440
2019	$24,335,690	$22,008,750	$39,017,511	$2,326,940