RIDGEFIELD ACADEMY INC

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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

1975

Legal Domicile

Principal Officer

THOMAS MAIN

Phone

2038941800

Tax Period

2024-07-01 to 2025-06-30

RIDGEFIELD ACADEMY INC, founded in 1975, is a mid-sized nonprofit in the Education sector that reported $23.5M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 21% operating margin.

Mission

THE RIDGEFIELD ACADEMY AND LANDMARK PRESCHOOL COMMUNITY CELEBRATES CHILDHOOD, PURSUES EXCELLENCE AND CULTIVATES KINDNESS. OUR EDUCATIONAL PROGRAM IS INTELLECTUALLY INSPIRING AND WE FOSTER JOYFUL LEARNING AND MUTUAL RESPECT IN ALL THAT WE DO. WE EMPOWER EACH STUDENT TO RISE TO THEIR AUTHENTIC SELF, PREPARING CONFIDENT GRADUATES WHO SHAPE THEIR FUTURE WITH INGENUITY AND INTEGRITY.

Program Service Accomplishments

Program 1

Expenses: $15,892,914 Revenue: $16,404,933

INSTRUCTION AND AUXILIARY SERVICES OF APPROXIMATELY 550 PRE-SCHOOL AND ELEMENTARY SCHOOL AGED CHILDREN BY APPROXIMATELY 112 QUALIFIED INSTRUCTORS.

Program 2

Expenses: $288,339 Revenue: $641,539

CONDUCTING SUMMER PROGRAMS

Program 3

Expenses: $174,466 Revenue: $681,154

CONDUCTING AN AFTER SCHOOL PROGRAM FOR 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,252,008

Program Service Revenue $17,828,204

Investment Income $4,165,728

Other Revenue $215,079

TOTAL REVENUE $23,461,019

Expense Breakdown

Grants Paid $1,683,920

Salaries & Benefits $11,296,023

Fundraising Expenses $866,856

Program Expenses $16,355,719

Other Expenses $4,755,449

TOTAL EXPENSES $18,589,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,461,019	$19,268,554	+0.2%
Expenses	$18,589,653	$18,002,129	+0.0%
Net Income	$4,871,366	$1,266,425	+2.8%

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

239

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

$811,804

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL SONDHEIMER	CHAIR	4.00	Officer Director	$0	$0	$0
DR KAYE HALE	VICE CHAIR	4.00	Officer Director	$0	$0	$0
JENNY ZHANG	TREASURER	4.00	Officer Director	$0	$0	$0
ALEXA PESSOA	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK ALBERT	DIRECTOR	2.00	Director	$0	$0	$0
ALEX BELLINA	DIRECTOR	2.00	Director	$0	$0	$0
TIM BIRCH	DIRECTOR	2.00	Director	$0	$0	$0
MARC D'AGOSTINO	DIRECTOR	2.00	Director	$0	$0	$0
ALISON DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
DROSTEN FISHER	DIRECTOR	2.00	Director	$0	$0	$0
LYNNE GEANEY	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT HENDRICK	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE LUEDKE	DIRECTOR	2.00	Director	$0	$0	$0
KELLY MILTON	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
ROBERTO REDONDO	DIRECTOR	2.00	Director	$0	$0	$0
CHELSEA THATCHER	DIRECTOR	2.00	Director	$0	$0	$0
TOM MAIN	HEAD OF SCHOOL	50.00	Officer	$439,361	$105,328	$544,689
FELL HERDEG	CHIEF FINANCIAL OFFICER	50.00	Officer	$240,434	$26,681	$267,115
DAVID SUTER	ASSOCIATE HEAD/DIRECTOR OF ADMISSION	50.00	Highest	$198,063	$15,415	$213,478
ANN GRASING	DIRECTOR OF ADVANCEMENT	50.00	Highest	$192,735	$252	$192,987
DAVID DOBSON	ASSOCIATE HEAD/ACADEMICS	50.00	Highest	$168,025	$15,141	$183,166
ALISON O'CALLAGHAN	HEAD OF PRESCHOOL & LOWER SCHOOL	50.00	Highest	$158,265	$12,528	$170,793
ROBERT HOWARTH	HEAD OF MIDDLE AND UPPER SCHOOL	50.00	Highest	$140,857	$27,912	$168,769

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	$23,461,019	$18,589,653	$42,746,193	$4,871,366
2024	$19,268,554	$18,002,129	$40,090,718	$1,266,425
2023	$19,642,215	$16,799,839	$37,834,303	$2,842,376
2022	$17,017,349	$15,530,016	$32,737,443	$1,487,333
2021	$13,537,049	$14,001,176	$26,679,209	$-464,127
2020	$14,341,105	$15,215,317	$24,377,455	$-874,212
2019	$14,342,903	$15,669,674	$26,382,866	$-1,326,771