PORTLEDGE SCHOOL (EIN 116044973) - 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

1965

Legal Domicile

Principal Officer

SIMON A WILLIAMS

Phone

5166711475

Tax Period

2023-07-01 to 2024-06-30

PORTLEDGE SCHOOL, founded in 1965, is a mid-sized nonprofit that reported $26.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $25.2M left a modest 6% surplus.

Mission

PORTLEDGE SCHOOL PROVIDES EDUCATION AND EXTRA-CURRICULAR PROGRAMMING FOR STUDENTS IN NURSERY TO 12TH GRADE.

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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 $2,965,098

Program Service Revenue $23,425,569

Investment Income $434,042

Other Revenue $122,762

TOTAL REVENUE $26,947,471

Expense Breakdown

Grants Paid $3,422,643

Salaries & Benefits $16,206,960

Fundraising Expenses $734,359

Program Expenses $19,933,143

Other Expenses $5,586,645

TOTAL EXPENSES $25,216,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,947,471	$24,652,480	+0.1%
Expenses	$25,216,248	$23,814,319	+0.1%
Net Income	$1,731,223	$838,161	+1.1%

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

216

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

$958,241

Total Directors

Key Employees

$1,563,826

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD D WILSON	PRESIDENT	6.00	Officer Director	$0	$0	$0
JOEL FRIEDMAN	TREASURER	4.00	Officer Director	$0	$0	$0
DONNA BURKE	SECRETARY	4.00	Officer Director	$0	$0	$0
DAVID SCHAMIS	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
SHAWNEE WARFIELD	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
CLAUDE A BAHNIK	TRUSTEE	2.00	Director	$0	$0	$0
LINDSEY BARNETT	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT BURMAN	TRUSTEE	2.00	Director	$0	$0	$0
PETER GUO	TRUSTEE	2.00	Director	$0	$0	$0
YONG LEE	TRUSTEE	2.00	Director	$0	$0	$0
AMY LITTMAN	TRUSTEE	2.00	Director	$0	$0	$0
TEDDY LYNN	TRUSTEE	2.00	Director	$0	$0	$0
LUIS MARCOS	TRUSTEE	2.00	Director	$0	$0	$0
DR KEVIN MERCIER	TRUSTEE	2.00	Director	$0	$0	$0
KATIE ROTOLO	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN STRAUSS	TRUSTEE	2.00	Director	$0	$0	$0
HARRY TAYLOR '92	TRUSTEE	2.00	Director	$0	$0	$0
RAMONA OWENS	CHIEF FINANCIAL OFFICER	40.00	Officer	$209,877	$21,754	$231,631
SIMON A WILLIAMS	HEAD OF SCHOOL	40.00	Officer	$603,743	$122,867	$726,610
TARA ASKELAND	ADVANCEMENT DIRECTOR	40.00	Key Emp	$162,424	$33,267	$195,691
MICHAEL COOPE	ADMISSIONS DIRECTOR	40.00	Key Emp	$168,960	$60,681	$229,641
KAREN CROWLEY	ASST. HEAD OF SCHOOL	40.00	Key Emp	$228,357	$58,938	$287,295
CHRIS DISIMILE	MS/US DIVISION HEAD	40.00	Key Emp	$215,739	$87,784	$303,523
SARALYN LAWN	LOWER SCHOOL DIVISION HEAD	40.00	Key Emp	$186,136	$60,424	$246,560
SARAH SCHWAM	CONTROLLER/DIRECTOR OF HR	40.00	Key Emp	$191,800	$109,316	$301,116
PETER COX	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Highest	$130,649	$53,333	$183,982
TRACI DOUGLAS	DIRECTOR OF DEI	40.00	Highest	$142,671	$38,169	$180,840
PHILIP HILLS	TEACHER	40.00	Highest	$125,041	$25,219	$150,260
SHELLY KAYE	COLLEGE COUNSELOR	40.00	Highest	$138,456	$69,450	$207,906
AMY MULLIGAN	ATHLETIC DIRECTOR	40.00	Highest	$145,251	$62,468	$207,719

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	$26,947,471	$25,216,248	$39,128,080	$1,731,223
2023	$24,652,480	$23,814,319	$35,750,915	$838,161
2022	$24,209,567	$22,410,019	$33,192,625	$1,799,548
2021	$24,376,165	$21,581,800	$30,687,544	$2,794,365
2020	$24,050,312	$22,605,507	$28,511,405	$1,444,805
2019	$22,758,291	$20,335,874	$24,810,497	$2,422,417
2018	$18,645,639	$18,131,839	$23,041,964	$513,800

PORTLEDGE SCHOOL