THE REECE SCHOOL (EIN 131626154) - 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

1948

Legal Domicile

Principal Officer

DUNCAN LESTER

Phone

2122894872

Tax Period

2023-07-01 to 2024-06-30

THE REECE SCHOOL, founded in 1948, is a mid-sized nonprofit that reported $12.3M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

THE SCHOOL'S MOST SIGNIFICANT ACTIVITIES IN THE YEAR WERE THE FOLLOWING SERVICES TO THE COMMUNITY THAT ENCOMPASSED THE FIVE BOROUGHS OF NEW YORK CITY: A COMPREHENSIVE ACADEMIC AND THERAPEUTIC SCHOOL AGE PROGRAM FOR 90 INTELLECTUALLY CAPABLE, PSYCHOLOGICALLY FRAGILE CHILDREN AGES 5 - 13, INCLUDING BOTH ACADEMIC AND RELATED SERVICES IN SPEECH, OT, COUNSELING, AND INDEPENDENT LIVING.

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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 $50,360

Program Service Revenue $12,206,978

Investment Income $0

Other Revenue $72,582

TOTAL REVENUE $12,329,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,792,387

Fundraising Expenses $5,533

Program Expenses $11,470,470

Other Expenses $3,847,487

TOTAL EXPENSES $12,639,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,329,920	$9,462,745	+0.3%
Expenses	$12,639,874	$10,096,245	+0.3%
Net Income	$-309,954	$-633,500	-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

122

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

$507,384

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREAS KAMPOURIS	PRESIDENT/CHAIRMAN	0.50	Officer Director	$0	$0	$0
MARK MAGILL	SECRETARY	0.50	Officer Director	$0	$0	$0
BELLA CANARTE	TREASURER	0.50	Officer Director	$0	$0	$0
LAUREN ALPERIN	BOARD MEMBER	0.50	Director	$0	$0	$0
KRISTEN DUFFY	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHARD ISSACS	BOARD MEMBER	0.50	Director	$0	$0	$0
DUNCAN LESTER	EXECUTIVE DIRECTOR	40.00	Officer	$262,095	$50,197	$312,292
PAULO SOUZA	CHIEF FINANCIAL OFFICER	40.00	Officer	$189,410	$5,682	$195,092
KAREN SULLIVAN	SOCIAL SKILLS COORDINATOR	37.50	Highest	$131,063	$17,958	$149,021
ASHLEY L GARTNER	CURRICULUM COORDINATOR	37.50	Highest	$127,937	$18,699	$146,636
ERICA CORVIN	CLINICAL COORDINATOR	37.50	Highest	$124,330	$3,640	$127,970
JEANINE BRANDIMARTE	ADMISSIONS COORDINATOR	37.50	Highest	$105,496	$0	$105,496
THOMAS BOYLE	CURRICULUM UPPER SCHOOL	37.50	Highest	$104,403	$14,025	$118,428

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	$10,985,064	$12,527,338	$21,408,958	$-1,542,274
2024	$12,329,920	$12,639,874	$22,786,616	$-309,954
2023	$9,808,447	$10,096,244	$9,120,666	$-287,797
2023	$9,462,745	$10,096,245	$9,147,503	$-633,500
2022	$8,140,860	$8,724,132	$9,789,705	$-583,272
2021	$9,359,473	$8,788,058	$10,919,210	$571,415
2020	$8,636,833	$8,674,373	$9,771,001	$-37,540
2019	$8,106,778	$8,287,528	$9,046,788	$-180,750
2018	$7,234,605	$7,844,929	$8,941,891	$-610,324
2017	$6,280,255	$6,731,502	$9,007,686	$-451,247

THE REECE SCHOOL