THE CHAPIN SCHOOL LTD

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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

1929

Legal Domicile

Principal Officer

SUZANNE FOGARTY

Phone

2127442335

Tax Period

2023-07-01 to 2024-06-30

THE CHAPIN SCHOOL LTD, founded in 1929, is a mid-sized nonprofit in the Education sector that reported $65.7M in total revenue in fiscal year 2023. Net assets of $254.8M represent 47 months of operating reserves.

Mission

THE CHAPIN SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR YOUNG WOMEN IN GRADES K-12. CHAPIN'S COMMITTED TO PREPARING YOUNG WOMEN TO THRIVE/LEAD THROUGH THE PURSUIT OF ACADEMIC EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $55,051,813 Revenue: $52,043,859

THE SCHOOL MEETS THE EDUCATIONAL NEEDS OF 830 STUDENTS FROMKINDERGARTEN THROUGH 12TH GRADE, WITH AN INSTRUCTIONAL STAFF OF134 AND THE ADDITIONAL SUPPORT OF 61 EMPLOYEES. GRANTS ARE GIVENBY THE SCHOOL IN THE FORM OF FINANCIAL AID TO ELIGIBLE STUDENTS.DURING THE SCHOOL YEAR ENDED JUNE 30 2024, 164 ELIGIBLE STUDENTSWERE AWARDED SUCH SCHOLARSHIPS.

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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 $11,597,496

Program Service Revenue $52,043,859

Investment Income $1,804,110

Other Revenue $243,936

TOTAL REVENUE $65,689,401

Expense Breakdown

Grants Paid $8,183,823

Salaries & Benefits $33,766,376

Fundraising Expenses $3,432,879

Program Expenses $55,051,813

Other Expenses $29,258,628

TOTAL EXPENSES $71,406,173

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,689,401	$63,266,454	+0.0%
Expenses	$71,406,173	$69,889,533	+0.0%
Net Income	$-5,716,772	$-6,623,079	-0.1%

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

314

Volunteers

450

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

$1,339,611

Total Directors

$849,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE FOGARTY	HEAD OF SCHOOL	40.00	Officer Director	$750,313	$99,027	$849,340
LEEANN BLACK	CHAIR	10.00	Officer Director	$0	$0	$0
STEPHANIE COLEMAN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
KIM KARETSKY KRINSKY	VICE CHAIR, FINANCE	5.00	Officer Director	$0	$0	$0
CLARENCE MITCHELL	SECRETARY	5.00	Officer Director	$0	$0	$0
ALEXA BATOR CHAE	ASSISANT SECRETARY	5.00	Officer Director	$0	$0	$0
HANDE BAYRAKTAR	TRUSTEE	2.00	Director	$0	$0	$0
DENISE BAILEY-CASTRO	TRUSTEE	2.00	Director	$0	$0	$0
MELINDA CHENG	TRUSTEE	2.00	Director	$0	$0	$0
JARED COHEN	TRUSTEE	2.00	Director	$0	$0	$0
CISCO J DEL VALLE	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINA S DIGGS	TRUSTEE	2.00	Director	$0	$0	$0
POOJA GOYAL	TRUSTEE	2.00	Director	$0	$0	$0
MEGAN HEANUE	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN J HIGGINS	TRUSTEE	2.00	Director	$0	$0	$0
BETH KOJIMA	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM S MACKLOWE	TRUSTEE	2.00	Director	$0	$0	$0
ARIELLE PATRICK	TRUSTEE	2.00	Director	$0	$0	$0
WALLIS POST	TRUSTEE	2.00	Director	$0	$0	$0
BARA TISCH	TRUSTEE	2.00	Director	$0	$0	$0
REBECCA IRWIN	TRUSTEE	2.00	Director	$0	$0	$0
BURWELL ESPY SCHORR	TRUSTEE	2.00	Director	$0	$0	$0
AMANDA WALDRON	TRUSTEE	2.00	Director	$0	$0	$0
MARY P FOSTER	CHIEF FINANCIAL OFFICER	40.00	Officer	$255,950	$35,275	$291,225
JAY MATHEWS THRU JUNE 2023	CHIEF FINANCIAL OFFICER	40.00	Officer	$174,193	$24,853	$199,046
HALL XIOMARA	ASSOCIATE HEAD OF SCHOOL	40.00	Highest	$303,712	$49,001	$352,713
MARITA ALTMAN	DIRECTOR OF ADVANCEMENT	40.00	Highest	$314,572	$51,282	$365,854
KAREY BOALS SCHNER	DIRECTOR OF COLLEGE GUIDANCE	40.00	Highest	$255,950	$39,782	$295,732
THERESE CRUITE	HEAD OF LOWER SCHOOL	40.00	Highest	$258,753	$43,973	$302,726
ALLISON BISHOP	HEAD OF UPPER SCHOOL	40.00	Highest	$248,705	$42,366	$291,071

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	$65,689,401	$71,406,173	$355,935,643	$-5,716,772
2023	$63,266,454	$69,889,533	$355,107,842	$-6,623,079
2022	$63,936,787	$64,047,901	$363,404,258	$-111,114
2021	$58,408,515	$53,918,859	$372,266,225	$4,489,656
2020	$54,418,538	$49,145,121	$363,091,064	$5,273,417
2019	$63,000,974	$49,673,524	$385,906,342	$13,327,450
2018	$62,303,357	$49,102,975	$375,673,720	$13,200,382