Davidson Day School

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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

1999

Legal Domicile

Principal Officer

Andrew Bishop

Phone

7042375200

Tax Period

2024-07-01 to 2025-06-30

Davidson Day School, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $14.7M in total revenue in fiscal year 2024. Expenses of $14.0M left a modest 5% surplus.

Mission

Davidson Day is a Pre-K through 12th grade college preparatory school located in Davidson, North Carolina. Davidson Day School fosters academic excellence through collaboration, creativity, and character development. Our vision is to be a premier college preparatory organization by offering innovative, personalized learning that unlocks student potential. A Davidson Day School education prepares well-rounded, compassionate leaders to succeed on the global stage.

Program Service Accomplishments

Program 1

Expenses: $9,661,833 Revenue: $12,049,048

Instructional - Davidson Day School cultivates academic excellence through collaboration, creativity, and character development. Each student is offered an active, challenging learning environment...

Instructional - Davidson Day School cultivates academic excellence through collaboration, creativity, and character development. Each student is offered an active, challenging learning environment through our broad array of programs. The school had total enrollment of 518 students from pre-kindergarten through the 12th grade.

Program 2

Expenses: $441,187 Revenue: $521,400

Special Programs - Includes the Learning and Enrichment Center and Extended Care Programs.

Program 3

Expenses: $222,079 Revenue: $217,452

Auxiliary Services - Includes Cafeteria and Spiritwear.

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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 $916,820

Program Service Revenue $13,637,142

Investment Income $290,249

Other Revenue $-143,851

TOTAL REVENUE $14,700,360

Expense Breakdown

Grants Paid $844,923

Salaries & Benefits $9,233,893

Fundraising Expenses $255,363

Program Expenses $10,325,099

Other Expenses $3,919,114

TOTAL EXPENSES $13,997,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,700,360	$13,916,705	+0.1%
Expenses	$13,997,930	$12,497,880	+0.1%
Net Income	$702,430	$1,418,825	-0.5%

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

177

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

$391,924

Total Directors

$191,892

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Smith	Head of Upper Scho	40.00		$161,367	$58,681	$220,048
Rachel Lennox	CFO	40.00	Officer	$192,966	$7,066	$200,032
Andrew Bishop	Head of School	40.00	Officer Director	$147,128	$44,764	$191,892
Elizabeth McAlister	Head of Lower Scho	40.00		$117,871	$44,332	$162,203
Andrew Griffith	Head of Middle Sch	40.00		$110,567	$13,469	$124,036
Mark Palmer	Director of Philan	40.00		$107,569	$486	$108,055
Megan Allison	Trustee	1.00	Director	$0	$0	$0
Meggan Bushee Shapiro	Trustee	5.00	Director	$0	$0	$0
Sarah Dodd	Trustee	5.00	Director	$0	$0	$0
Omar Caldwell	Trustee	1.00	Director	$0	$0	$0
Michelle Moore	Trustee	1.00	Director	$0	$0	$0
Mike Sass	Secretary	5.00	Officer Director	$0	$0	$0
Melissa Tate	Treasurer	5.00	Officer Director	$0	$0	$0
Ella-Marie Smith	Trustee	1.00	Director	$0	$0	$0
Takila Williams Naylor	Chair	5.00	Officer Director	$0	$0	$0
Whitney Feld	Trustee	1.00	Director	$0	$0	$0
Mike McMahon	Trustee	1.00	Director	$0	$0	$0
Bob Hallman	Vice Chair	5.00	Officer Director	$0	$0	$0
Brian Tierney	Trustee	5.00	Director	$0	$0	$0
Mahdi Ajjan	Trustee	1.00	Director	$0	$0	$0
Paul Thompson	Director	5.00	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	$14,700,360	$13,997,930	$22,339,591	$702,430
2024	$13,916,750	$12,497,880	$21,737,164	$1,418,870
2023	$12,377,473	$11,400,546	$19,999,548	$976,927
2022	$13,298,715	$9,998,292	$19,189,095	$3,300,423
2022	$13,298,715	$9,998,292	$19,189,095	$3,300,423
2021	$10,786,795	$9,495,106	$18,126,883	$1,291,689
2020	$10,020,517	$10,174,435	$17,071,759	$-153,918
2019	$10,301,541	$10,347,851	$16,391,490	$-46,310
2018	$10,043,294	$9,185,526	$14,985,568	$857,768