CHOATE ROSEMARY HALL FOUNDATION INCORPORATED (EIN 060910420) - 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

1974

Legal Domicile

Principal Officer

ALEXANDER CURTIS

Phone

2036972676

Tax Period

2024-07-01 to 2025-06-30

CHOATE ROSEMARY HALL FOUNDATION INCORPORATED, founded in 1974, is a mid-sized nonprofit in the Education sector that reported $99.3M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $831.6M represent 100 months of operating reserves.

Mission

TO PROVIDE A QUALITY SECONDARY INDEPENDENT SCHOOL EDUCATION TO APPROXIMATELY 850 STUDENTS PER YEAR.

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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 $31,207,355

Program Service Revenue $65,085,968

Investment Income $2,888,107

Other Revenue $158,287

TOTAL REVENUE $99,339,717

Expense Breakdown

Grants Paid $15,532,352

Salaries & Benefits $43,373,797

Fundraising Expenses $5,585,342

Program Expenses $90,799,373

Other Expenses $46,306,851

TOTAL EXPENSES $105,213,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$99,339,717	$105,173,140	-0.1%
Expenses	$105,213,000	$99,937,721	+0.1%
Net Income	$-5,873,283	$5,235,419	-2.1%

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

Governance

Voting Members

Independent Members

Employees

617

Volunteers

578

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

$1,530,211

Total Directors

$1,078,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER D CURTIS	HEAD OF SCHOOL	60.00	Officer Director	$851,161	$226,839	$1,078,000
DANYA ALSAADY	TRUSTEE	2.00	Director	$0	$0	$0
KENNETH G BARTELS	TRUSTEE	2.00	Director	$0	$0	$0
MARC E BROWN	TRUSTEE	2.00	Director	$0	$0	$0
SETH J BRUFSKY	TRUSTEE	2.00	Director	$0	$0	$0
YAHONNES S CLEARY	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH M FERREIRA	TRUSTEE	2.00	Director	$0	$0	$0
KATHERINE B FORREST	TRUSTEE	2.00	Director	$0	$0	$0
DAVID FRAZE	TRUSTEE	2.00	Director	$0	$0	$0
KIRSTEN M GARLINGHOUSE	TRUSTEE	2.00	Director	$0	$0	$0
GUNTHER S HAMM	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH A HOGAN	TRUSTEE	2.00	Director	$0	$0	$0
JUNGWOOK RYAN HONG	TRUSTEE	2.00	Director	$0	$0	$0
KELLY GREEN KAHN	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL G KELLY JR	TRUSTEE	2.00	Director	$0	$0	$0
PATIENCE P MCDOWELL	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTIAN B MCGRATH	TRUSTEE	2.00	Director	$0	$0	$0
TAKASHI MURATA	TRUSTEE	2.00	Director	$0	$0	$0
GEORGE F PYNE IV	TRUSTEE	2.00	Director	$0	$0	$0
M ANNE SA'ADAH	TRUSTEE	2.00	Director	$0	$0	$0
JULIAN C SALISBURY	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK T DURBIN	CHIEF FINANCIAL OFFICER	60.00	Officer	$343,794	$108,417	$452,211
JENNIFER ELLIOTT	HEAD OF STUDENT AND ACADEM	60.00	Highest	$294,693	$100,542	$395,235
ANNE BERGEN	CHIEF DEVELOPMENT OFFICER	60.00	Highest	$339,573	$77,557	$417,130
KATHRYN LEVESQUE	DEAN OF FACULTY	60.00	Highest	$206,072	$57,250	$263,322
HEATHER CORDES	DIRECTOR OF ANNUAL GIVING	40.00	Highest	$227,959	$42,307	$270,266
JEFFREY BEATON	CHIEF ENROLLMENT OFFICER	60.00	Highest	$188,303	$69,621	$257,924

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	$99,339,717	$105,213,000	$925,940,039	$-5,873,283
2024	$105,173,140	$99,937,721	$862,290,013	$5,235,419
2023	$87,900,086	$92,263,460	$800,631,810	$-4,363,374
2022	$101,520,854	$86,645,059	$781,507,671	$14,875,795
2021	$80,573,016	$83,758,753	$824,930,363	$-3,185,737
2020	$104,110,165	$88,642,747	$701,223,256	$15,467,418
2019	$111,113,933	$89,593,467	$680,358,847	$21,520,466
2018	$101,922,055	$88,616,325	$650,821,486	$13,305,730

CHOATE ROSEMARY HALL FOUNDATION INCORPORATED