GARDEN SCHOOL INC (EIN 111631783) - 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

1923

Legal Domicile

Principal Officer

NASHWA RAFLA-DEMETRIOUS

Phone

7183356363

Tax Period

2023-07-01 to 2024-06-30

GARDEN SCHOOL INC, founded in 1923, is a mid-sized nonprofit in the Education sector that reported $12.7M in total revenue in fiscal year 2023. Expenses of $12.3M left a modest 3% surplus.

Mission

GARDEN SCHOOL, IN THE INDEPENDENT TRADITION, AFFIRMS THE PRIMACY OF LEARNING. WE EMPOWER EVERY STUDENT IN OUR EDUCATIONALLY DIVERSE COMMUNITY TO MEET RESPONSIBLE THE CHALLENGES OF EVERYDAY LIFE BY PROMOTING ACADEMIC ACHIEVEMENT, PERSONAL DEVELOPMENT AND SOCIAL INVOLVEMENT. WE FURTHER BELIEVE THAT BY RECOGNIZING EACH STUDENTS INDIVIDUAL IDENTITY, GARDEN SCHOOL FOSTERS THE SELF-WORTH NECESSARY TO SUCCEED.

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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 $334,121

Program Service Revenue $12,022,572

Investment Income $181,688

Other Revenue $146,716

TOTAL REVENUE $12,685,097

Expense Breakdown

Grants Paid $1,760,473

Salaries & Benefits $7,932,044

Fundraising Expenses $4,464

Program Expenses $9,278,397

Other Expenses $2,588,796

TOTAL EXPENSES $12,281,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,685,097	$12,047,838	+0.1%
Expenses	$12,281,313	$10,805,606	+0.1%
Net Income	$403,784	$1,242,232	-0.7%

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

135

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

$573,735

Total Directors

$394,907

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER HERMAN	HEADMASTER	55.00	Officer Director	$351,572	$43,335	$394,907
MICHAEL RAKOSI	PRESIDENT	1.00	Officer Director	$0	$0	$0
DONALD BERHANG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ARTHUR GRUEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA SAXBY	SECRETARY	1.00	Officer Director	$0	$0	$0
VLADIMIR SULC	TREASURER	1.00	Officer Director	$0	$0	$0
EMILY BIEMNSTOCK BELMONTE	TRUSTEE	1.00	Director	$0	$0	$0
ALEXANDER CASTRO	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER DURST	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA GERE	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT HABER	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW HELSING	TRUSTEE	1.00	Director	$0	$0	$0
MORGAN MOUCHETTE	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW RAMSARAN	TRUSTEE	1.00	Director	$0	$0	$0
HAZEL ROSEBORO	TRUSTEE	1.00	Director	$0	$0	$0
JOANNE STEINHARDT	TRUSTEE	1.00	Director	$0	$0	$0
MARY MAISANO	CFO	55.00	Officer	$157,004	$21,824	$178,828
WILLIAM VOGEL	LOWER DIVISION HEAD	55.00	Highest	$204,090	$21,039	$225,129
BRAD BATTAGLIA	UPPER DIVISION HEAD	55.00	Highest	$128,449	$17,256	$145,705
KAT SULLIVAN	DIRECTOR OF ENROLLMENT & MARKETING	55.00	Highest	$126,212	$17,144	$143,356
GIOVANNI TOCCO	DIRECTOR OF FACILITIES	55.00	Highest	$125,355	$28,989	$154,344
KRISTEN MANSON	TEACHER	55.00	Highest	$101,439	$15,906	$117,345

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	$12,685,097	$12,281,313	$11,138,083	$403,784
2023	$12,047,838	$10,805,606	$9,544,313	$1,242,232
2022	$12,502,865	$9,668,757	$8,497,671	$2,834,108
2021	$8,284,347	$8,149,083	$6,176,954	$135,264
2020	$7,673,712	$8,176,103	$3,467,177	$-502,391
2019	$8,217,042	$8,887,526	$2,849,693	$-670,484
2018	$8,340,194	$8,967,608	$3,304,950	$-627,414

GARDEN SCHOOL INC