EAST WOODS SCHOOL 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

1946

Legal Domicile

Principal Officer

BRAD KETCHER

Phone

5169224400

Tax Period

2023-07-01 to 2024-06-30

EAST WOODS SCHOOL INC, founded in 1946, is a community nonprofit in the Education sector that reported $8.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $7.9M left a modest 10% surplus.

Mission

TO FOSTER STRENGTH OF CHARACTER AND ACADEMIC EXCELLENCE WHILE DEVELOPING AND ENCOURAGING CREATIVITY, INTELLECTUAL CURIOSITY AND A LIFELONG PASSION FOR LEARNING.

Program Service Accomplishments

Program 1

Expenses: $4,306,743 Revenue: $7,274,921

EAST WOODS SCHOOL, INC. IS AN EDUCATIONAL FACILITY FOR STUDENT GRADE LEVELS PRE-NURSERY THROUGH EIGHTH.

Program 2

Expenses: $648,494 Revenue: $1,139,321

THE SUMMER CAMP PROGRAM IS THE SCHOOL'S SUMMER DAY CAMP, WHICH RUNS EVERY JULY AND IS AVAILABLE TO BOYS AND GIRLS AGES 2 TO 14. THE PROGRAM UTILIZES DAILY ACTIVITIES AND SPECIAL EVENTS TO CREATE AN ATMOSPHERE OF LIVELY, YET RELAXED SUMMER FUN. APPROXIMATELY 443 STUDENTS PARTICIPATED IN THE SUMMER CAMP PROGRAM IN THE YEAR ENDED 6/30/2024.

Program 3

Expenses: $68,517 Revenue: $162,340

THE EAST WOODS AFTER-SCHOOL PROGRAMS "EXTENDED PROGRAMS" ARE AVAILABLE TO STUDENTS IN GRADES NURSERY THROUGH FOURTH AND ARE DESIGNED TO ENLIGHTEN AND ENRICH BEYOND THE CORE CURRICULUM THROUGH DAILY PLANNED ACTIVITIES AND CLASSES. THE EARLY CHILDHOOD CENTER "LUNCH BUNCH" IS THE EXTENDED PROGRAM OFFERED TO STUDENTS IN GRADES NURSERY THROUGH PRE-KINDERGARTEN. THE PROGRAM OFFERS DAILY PLANNED ACTIVITIES THAT EMPHASIZE PLAY AND SOCIALIZATION SUCH AS YOGA, DANCE & MOVEMENT, ART FOR FUN, AND MINI SPORTS PROGRAMS. THE EXTENDED PROGRAM AVAILABLE TO STUDENTS IN GRADES KINDERGARTEN THROUGH FOURTH, "AFTER-SCHOOL ENRICHMENTS", OFFERS CLASSES IN FINE AND PERFORMING ARTS, SPORTS, AND NATURE EXPLORATION. THE CLASSES ARE DESIGNED TO ENCOURAGE INDIVIDUAL POTENTIAL THROUGH SOCIAL INTERACTION AND PHYSICAL ACTIVITY, AS WELL AS ARTISTIC EXPRESSION.

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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 $1,200,734

Program Service Revenue $6,851,571

Investment Income $359,423

Other Revenue $406,021

TOTAL REVENUE $8,817,749

Expense Breakdown

Grants Paid $1,337,193

Salaries & Benefits $3,945,683

Fundraising Expenses $84,697

Program Expenses $5,023,754

Other Expenses $2,661,885

TOTAL EXPENSES $7,944,761

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,817,749	$8,103,905	+0.1%
Expenses	$7,944,761	$7,649,825	+0.0%
Net Income	$872,988	$454,080	+0.9%

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

171

Volunteers

100

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

$427,232

Total Directors

$234,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ESSENCE BROWN	TRUSTEE	0.50	Director	$0	$0	$0
LAURA KANG	HEAD OF SCHOOL	40.00	Officer Director	$225,000	$9,000	$234,000
BRAD KETCHER	CO-PRESIDENT	0.50	Officer Director	$0	$0	$0
LUAN DOAN	CO-PRESIDENT	0.50	Officer Director	$0	$0	$0
JI WANG	CO-TREASURER	0.50	Officer Director	$0	$0	$0
MICHELE MERCIER	TRUSTEE	0.50	Director	$0	$0	$0
SANDRA GRAHAM	ATTORNEY	0.50	Director	$0	$0	$0
MAGDA LABONTE-BLAISE	ATTORNEY	0.50	Director	$0	$0	$0
FERN SENIOR	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
THEODORE PANEBIANCO	CO-TREASURER	0.50	Officer Director	$0	$0	$0
KEITH D'AGOSTINO	SECRETARY	0.50	Officer Director	$0	$0	$0
EMILY ALESSIO	TRUSTEE	0.50	Director	$0	$0	$0
CHRISTOPHER BENNETT	TRUSTEE	0.50	Director	$0	$0	$0
WENDY LATTIBEAUDIERE	TRUSTEE	0.50	Director	$0	$0	$0
AL NOTARNICOLE	TRUSTEE	0.50	Director	$0	$0	$0
MELISSA CEDRONE	DIR. OF BUSINESS AFFAIRS	40.00	Officer	$185,800	$7,432	$193,232
ALEXANDER CARTER	HEAD OF UPPER SCHOOL	40.00	Highest	$152,000	$38,181	$190,181

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	$8,817,749	$7,944,761	$16,545,527	$872,988
2023	$8,103,905	$7,649,825	$14,747,515	$454,080
2022	$7,935,390	$7,347,523	$14,029,542	$587,867
2021	$6,746,360	$6,465,171	$14,050,274	$281,189
2020	$7,172,986	$6,939,209	$12,090,305	$233,777
2019	$8,328,019	$7,270,107	$12,387,299	$1,057,912
2018	$7,242,483	$7,329,705	$12,097,273	$-87,222