THE INDEPENDENT DAY SCHOOL INC

EIN: 066012653 501(c)(3) Education

MIDDLEFIELD, CT

Total Revenue
$4,125,637
Total Expenses
$4,577,842
Total Assets
$5,602,204
Net Assets
$2,240,885
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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
1961
Legal Domicile
CT
Principal Officer
STACY MEISNER
Phone
8603477235
Tax Period
2023-07-01 to 2024-06-30

THE INDEPENDENT DAY SCHOOL INC, founded in 1961, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $4.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

INSPIRE A COMMUNITY OF INDEPENDENT THINKERS AS THEY CONNECT WITH OTHERS IN THE JOYFUL PURSUIT OF LEARNING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $259,254
Program Service Revenue $3,641,181
Investment Income $21,835
Other Revenue $203,367
TOTAL REVENUE $4,125,637

Expense Breakdown

Grants Paid $1,168,657
Salaries & Benefits $2,565,548
Fundraising Expenses $199,010
Program Expenses $3,146,956
Other Expenses $843,637
TOTAL EXPENSES $4,577,842

Year-over-Year Comparison

2023 2022 Change
Revenue $4,125,637 $4,709,734 -0.1%
Expenses $4,577,842 $4,688,776 0.0%
Net Income $-452,205 $20,958 -22.6%
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
12
Independent Members
12
Employees
60
Volunteers
12

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
7
$378,195
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROCHELLE REODICA HEAD OF SCHOOL 40.00
Officer
$177,833 $0 $177,833
DAVID SIZEMORE ASSISTANT HEAD OF SCHOOL 40.00
Officer
$107,862 $0 $107,862
YESENIA PARKER DIRECTOR OF FINANCE 40.00
Officer
$80,937 $11,563 $92,500
STACY MEISNER PRESIDENT 4.00
Officer Director
$0 $0 $0
EBONE WOODS VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
JERRY DOUG PARKERSON TREASURER 4.00
Officer Director
$0 $0 $0
ALLIE VINE SECRETARY 4.00
Officer Director
$0 $0 $0
KAREN CULTON TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL KALINOWSKI TRUSTEE 2.00
Director
$0 $0 $0
AGATHA PESTILLI TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL WILLIAMS TRUSTEE 2.00
Director
$0 $0 $0
CANDANCE CUNNINGHAM TRUSTEE 2.00
Director
$0 $0 $0
TAPINDERJIT GROVER TRUSTEE 2.00
Director
$0 $0 $0
ANDREW CORTES TRUSTEE 2.00
Director
$0 $0 $0
CINTHIA COVEY TRUSTEE 2.00
Director
$0 $0 $0
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 $4,125,637 $4,577,842 $5,602,204 $-452,205
2023 $4,709,734 $4,688,776 $5,840,056 $20,958
2022 $4,530,813 $4,807,751 $6,402,480 $-276,938
2021 $4,425,591 $4,478,954 $6,408,430 $-53,363
2020 $4,958,343 $4,906,867 $6,216,247 $51,476
2019 $4,670,243 $5,006,032 $5,326,519 $-335,789
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