KNOX SCHOOL (EIN 111743680) - 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

1953

Legal Domicile

Principal Officer

Virginia Riccardi

Phone

6316861600

Tax Period

2023-07-01 to 2024-06-30

KNOX SCHOOL, founded in 1953, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2023. Expenses of $7.9M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE THE OPPORTUNITY FOR CAPABLE STUDENTS TO EXCEL WITHIN A LIBERAL ARTS PROGRAM INFUSED WITH ARTISTIC AND ATHLETIC PURSUIT IN PREPARATION FOR A HIGHER EDUCATION.

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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 $6,470

Program Service Revenue $6,516,090

Investment Income $90,106

Other Revenue $174,463

TOTAL REVENUE $6,787,129

Expense Breakdown

Grants Paid $1,033,300

Salaries & Benefits $2,914,439

Fundraising Expenses $171,276

Program Expenses $5,123,453

Other Expenses $3,984,056

TOTAL EXPENSES $7,931,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,787,129	$6,306,707	+0.1%
Expenses	$7,931,795	$8,882,118	-0.1%
Net Income	$-1,144,666	$-2,575,411	-0.6%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Virginia Riccardi	Head of School	40.00		$104,166	$0	$104,166
Anita Edwards	Trustee	1.00	Director	$0	$0	$0
Pamela Cullington-Hinrichs	Board Chair	1.00	Officer Director	$0	$0	$0
Craig Novak	President	1.00	Officer Director	$0	$0	$0
Manizha Parand	Vice President	1.00	Officer Director	$0	$0	$0
Dr Joseph Vollaro	Treasurer	1.00	Officer 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	$6,802,729	$7,769,616	$5,796,717	$-966,887
2024	$6,787,129	$7,931,795	$5,801,608	$-1,144,666
2023	$6,306,707	$8,882,118	$5,788,033	$-2,575,411
2022	$5,085,692	$7,631,003	$5,119,030	$-2,545,311
2021	$6,584,712	$7,307,181	$6,124,707	$-722,469
2020	$7,976,457	$10,481,044	$7,399,394	$-2,504,587
2019	$7,279,433	$9,103,761	$5,612,453	$-1,824,328
2018	$6,583,924	$7,384,413	$4,525,458	$-800,489

KNOX SCHOOL