HACKLEY 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

1900

Legal Domicile

Principal Officer

CHARLES FRANKLIN

Phone

9143662600

Tax Period

2024-07-01 to 2025-06-30

HACKLEY SCHOOL, founded in 1900, is a mid-sized nonprofit in the Health Care sector that reported $71.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $62.0M left a modest 13% surplus.

Mission

THE SCHOOL IS AN INDEPENDENT, CO-ED COLLEGE PREPARATORY SCHOOL SERVING GRADES KINDERGARTEN THROUGH 12TH GRADE.

Program Service Accomplishments

Program 1

Expenses: $52,822,531 Revenue: $48,518,400

INSTRUCTION AND RELATED COSTS - INCLUDE ALL COSTS ASSOCIATED WITH INSTRUCTION OF 859 STUDENTS. THE SCHOOL OFFERS FINANCIAL AID GRANTS TO QUALIFIED STUDENTS BASED ON DEMONSTRATED NEED.

Program 2

Expenses: $552,070 Revenue: $539,871

AUXILIARY ACTIVITIES INCLUDES SERVICES INDIRECTLY RELATED TO INSTRUCTION SUCH AS STUDENT ACTIVITIES EXPENSES, MUSIC INSTITUTE, DRIVERS EDUCATION, ETC., AS WELL AS SUMMER PROGRAMS.

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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 $15,936,112

Program Service Revenue $49,058,271

Investment Income $5,232,346

Other Revenue $998,524

TOTAL REVENUE $71,225,253

Expense Breakdown

Grants Paid $9,233,731

Salaries & Benefits $32,670,691

Fundraising Expenses $2,204,259

Program Expenses $53,374,601

Other Expenses $20,065,542

TOTAL EXPENSES $61,969,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,225,253	$62,513,236	+0.1%
Expenses	$61,969,964	$57,605,781	+0.1%
Net Income	$9,255,289	$4,907,455	+0.9%

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

407

Volunteers

746

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

$981,620

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN C CANONI	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS A CAPUTO	TRUSTEE	1.00	Director	$0	$0	$0
MARIA A DOCTERS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DAWN N FITZPATRICK	TRUSTEE- (THRU 12/2024)	1.00	Director	$0	$0	$0
DAVID I GLUCKMAN	TREASURER	5.00	Officer Director	$0	$0	$0
ERIC B GYASI	SECRETARY	5.00	Officer Director	$0	$0	$0
AMY WONG	TRUSTEE	1.00	Director	$0	$0	$0
LINDA HOLDEN-BRYANT	TRUSTEE	5.00	Director	$0	$0	$0
KAVEH KHOSROWSHAHI	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JEFFERY A LIBERT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL H LOWRY	TRUSTEE	1.00	Director	$0	$0	$0
HARVINDER SANDHU MD	PRESIDENT	5.00	Officer Director	$0	$0	$0
RACHEL MEARS	TRUSTEE	1.00	Director	$0	$0	$0
HANNAH E SAUJET	TRUSTEE	1.00	Director	$0	$0	$0
JUMAANE SAUNDERS	TRUSTEE	1.00	Director	$0	$0	$0
SY STERNBERG	TRUSTEE	1.00	Director	$0	$0	$0
JOHN R TORELL IV	TRUSTEE	1.00	Director	$0	$0	$0
SARAH UNGER	TRUSTEE	1.00	Director	$0	$0	$0
MAUREEN WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL E RIFKIN	TRUSTEE	1.00	Director	$0	$0	$0
H RODGIN COHEN	TRUSTEE	1.00	Director	$0	$0	$0
SHERRY BLOCKINGER	TRUSTEE - (THRU 10/2024)	1.00	Director	$0	$0	$0
CHRISTOPHER P BOGART	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN KEARNS	TRUSTEE - (FROM 02/2025)	1.00	Director	$0	$0	$0
DOMINIQUE ALPUCHE	TRUSTEE - (FROM 02/2025)	1.00	Director	$0	$0	$0
CHARLES FRANKLIN	HEAD OF SCHOOL	50.00	Officer	$573,265	$58,728	$631,993
ERIN BERNSTEIN	CHIEF FINANCIAL OFFICER	40.00	Officer	$297,428	$52,199	$349,627
LISA OBERSTEIN	DIRECTOR OF LOWER SCHOOL	40.00	Highest	$184,271	$24,368	$208,639
CYNDY JEAN	ASSOCIATE HEAD OF SCHOOL	40.00	Highest	$176,734	$39,002	$215,736
JOHN P GANNON	DIRECTOR OF DEVELOPMENT	40.00	Highest	$246,313	$54,898	$301,211
ANDREW M KING	DIRECTOR OF UPPER SCHOOL	40.00	Highest	$205,331	$58,672	$264,003
ROBERT ALDRICH	DIRECTOR OF OPERATIONS AND	40.00	Highest	$187,306	$26,185	$213,491
MICHAEL WIRTZ	HEAD OF SCHOOL (THRU 6/30/23)	0.00		$457,752	$0	$457,752

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	$71,225,253	$61,969,964	$308,694,208	$9,255,289
2024	$62,513,236	$57,605,781	$300,465,630	$4,907,455
2023	$58,195,677	$55,074,824	$278,591,513	$3,120,853
2022	$63,828,536	$53,046,592	$269,303,237	$10,781,944
2021	$70,102,843	$52,618,789	$273,824,652	$17,484,054
2020	$66,402,652	$48,248,542	$243,396,766	$18,154,110
2019	$66,879,497	$47,320,131	$233,204,581	$19,559,366
2018	$45,152,945	$45,775,346	$214,796,000	$-622,401