MARVELWOOD SCHOOL INC

EIN: 060726595 501(c)(3) Education

KENT, CT

Total Revenue
$10,186,153
Total Expenses
$10,316,996
Total Assets
$19,486,539
Net Assets
$11,778,681
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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
1956
Legal Domicile
CT
Principal Officer
DAVID FIORILLO
Phone
8609270047
Tax Period
2024-07-01 to 2025-06-30

MARVELWOOD SCHOOL INC, founded in 1956, is a mid-sized nonprofit in the Education sector that reported $10.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

MARVELWOOD IS A BOARDING SCHOOL PROVIDING COLLEGE-PREPARATORY EDUCATION TO APPOX. 100 STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,628,171
Program Service Revenue $8,119,833
Investment Income $430,380
Other Revenue $7,769
TOTAL REVENUE $10,186,153

Expense Breakdown

Grants Paid $1,399,591
Salaries & Benefits $4,241,218
Fundraising Expenses $322,492
Program Expenses $8,380,964
Other Expenses $4,676,187
TOTAL EXPENSES $10,316,996

Year-over-Year Comparison

2024 2023 Change
Revenue $10,186,153 $11,409,948 -0.1%
Expenses $10,316,996 $10,045,336 +0.0%
Net Income $-130,843 $1,364,612 -1.1%
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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Governance

Voting Members
16
Independent Members
16
Employees
65
Volunteers
N/A

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
6
$407,268
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY K CARPENTER CHAIR 2.00
Officer Director
$0 $0 $0
MARK ESPOSITO BOARD MEMBER 2.00
Director
$0 $0 $0
FRANK MOORE TREASURER, FINANCE CHAIR 2.00
Officer Director
$0 $0 $0
MARSHALL H HEAVEN SECRETARY 2.00
Officer Director
$0 $0 $0
GEORGE BARD BOARD MEMBER 2.00
Director
$0 $0 $0
RICHARD L HODDESON BOARD MEMBER 2.00
Director
$0 $0 $0
ROBERT H BAYNE III BOARD MEMBER 2.00
Director
$0 $0 $0
PETER B SOMMERFIELD BOARD MEMBER 2.00
Director
$0 $0 $0
JEFF BECK BOARD MEMBER 2.00
Director
$0 $0 $0
AMY B STAUB BOARD MEMBER 2.00
Director
$0 $0 $0
STEVEN CORNELL BOARD MEMBER 2.00
Director
$0 $0 $0
PAUL D KELLER III INTERIM VICE CHAIR 2.00
Officer Director
$0 $0 $0
BLYTHE EVERETT HEAD OF THE SCHOOL 40.00
Officer
$190,409 $0 $190,409
DAVID FIORILLO CHIEF FINANCIAL OFFICER 40.00
Officer
$216,859 $0 $216,859
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 $10,186,153 $10,316,996 $19,486,539 $-130,843
2024 $11,409,948 $10,045,336 $19,126,680 $1,364,612
2023 $9,518,965 $9,242,362 $17,555,823 $276,603
2022 $9,571,296 $9,219,751 $16,886,654 $351,545
2021 $9,424,869 $8,882,829 $17,733,307 $542,040
2020 $8,730,432 $9,321,030 $16,459,373 $-590,598
2019 $10,863,946 $9,726,157 $17,456,943 $1,137,789
2018 $9,016,888 $9,757,302 $18,210,593 $-740,414
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