THE REECE 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

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 $11.0M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $12.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE REECE SCHOOL PROVIDES AN ACADEMIC LOWER AND UPPER SCHOOL SPECIAL EDUCATION PROGRAM FOR CHILDREN WHO REQUIRE MORE SUPPORT THAN CAN BE PROVIDED IN A TRADITIONAL PUBLIC SCHOOL SETTING. REECE STUDENTS ARE ACADEMICALLY CAPABLE BUT MAY BE PSYCHOLOGICALLY FRAGILE OR FACE CHALLENGES THAT IMPACT THEIR ABILITY TO FULLY ACCESS THEIR EDUCATION IN THEIR CURRENT PLACEMENT. OUR MISSION IS TO EMPOWER EACH STUDENT TO REACH THEIR FULL POTENTIAL IN A NURTURING, STRUCTURED, AND SUPPORTIVE ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $11,159,798 Revenue: $10,925,704

THE REECE SCHOOL SERVES ACADEMICALLY CAPABLE STUDENTS WHO MAY BE PSYCHOLOGICALLY FRAGILE OR HAVE CHALLENGES THAT INTERFERE WITH THEIR ABILITY TO SUCCEED IN A TRADITIONAL SCHOOL ENVIRONMENT. OUR...

THE REECE SCHOOL SERVES ACADEMICALLY CAPABLE STUDENTS WHO MAY BE PSYCHOLOGICALLY FRAGILE OR HAVE CHALLENGES THAT INTERFERE WITH THEIR ABILITY TO SUCCEED IN A TRADITIONAL SCHOOL ENVIRONMENT. OUR STUDENTS MAY HAVE SPEECH AND LANGUAGE IMPAIRMENTS, EMOTIONAL OR LEARNING DISABILITIES, AUTISM CLASSIFICATIONS, OR OTHER SPECIAL NEEDS. AT REECE, EACH CHILD RECEIVES INDIVIDUALIZED ACADEMIC, SOCIAL, AND EMOTIONAL SUPPORT WITHIN A WELL-STRUCTURED, CARING, AND INCLUSIVE SETTING. OUR GOAL IS TO FOSTER GROWTH, CONFIDENCE, AND SUCCESS FOR EVERY STUDENT.

Program 2

Expenses: $50,360 Revenue: $0

THE REECE SCHOOL OFFERS A RANGE OF SUPPLEMENTAL PROGRAMS FUNDED BY IDEA GRANTS FROM FEDERAL AGENCIES. THESE PROGRAMS, WHICH ARE NOT INCLUDED IN THE NYSED TUITION RATE, ARE DESIGNED TO SUPPORT STUDENT DEVELOPMENT BEYOND THE TRADITIONAL SCHOOL DAY. THEY INCLUDE:- SATURDAY PROGRAMS - FAMILY ENGAGEMENT INITIATIVES - SOCIAL SKILLS TRAINING - CURRICULUM DEVELOPMENT PROJECTS - SPORTS TEAMS AND ACTIVITY CLUBS THESE ENHANCEMENTS SUPPORT OUR MISSION BY ADDRESSING THE DIVERSE NEEDS OF OUR STUDENTS AND FAMILIES, FOSTERING WELL-ROUNDED GROWTH AND ENGAGEMENT.

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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 $10,925,704

Investment Income $0

Other Revenue $9,000

TOTAL REVENUE $10,985,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,792,388

Fundraising Expenses $10,450

Program Expenses $11,210,158

Other Expenses $3,734,950

TOTAL EXPENSES $12,527,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,985,064	$9,462,745	+0.2%
Expenses	$12,527,338	$10,096,245	+0.2%
Net Income	$-1,542,274	$-633,500	+1.4%

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	$12,329,920	$12,639,874	$22,786,616	$-309,954
2024	$10,985,064	$12,527,338	$21,408,958	$-1,542,274
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