BANK STREET COLLEGE OF EDUCATION

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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

1931

Legal Domicile

Phone

2128754400

Tax Period

2024-07-01 to 2025-06-30

BANK STREET COLLEGE OF EDUCATION, founded in 1931, is a mid-sized nonprofit in the Education sector that reported $90.8M in total revenue in fiscal year 2024.

Mission

The mission of Bank Street College is to improve the education of children and their teachers by applying to the education process all available knowledge about learning and growth and by connecting teaching and learning meaningfully to the outside world. In so doing, we seek to strengthen not only individuals, but the community as well, including family, school, and the larger society in which adults and children, in all their diversity, interact and learn. We see in education the opportunity to build a better society.

Program Service Accomplishments

Program 1

Expenses: $31,834,720 Revenue: $27,218,576

GRADUATE SCHOOL - BANK STREET'S GRADUATE SCHOOL OF EDUCATION OFFERS MASTER'S PROGRAMS THAT INTEGRATE DIRECT EXPERIENCE WITH CHILDREN, TEACHERS AND FAMILIES, EXPLORATION AND EXAMINATION OF THEORY AND OBSERVATION AND REFLECTION. OUR GRADUATE DEGREES IN EDUCATION PROVIDE OUR STUDENTS WITH A THOROUGH, RIGOROUS, HUMANISTIC FOUNDATION FOR THEIR CAREERS IN EARLY CHILDHOOD, ELEMENTARY, AS WELL AS EDUCATIONAL LEADERSHIP, MUSEUM EDUCATION, CHILD LIFE, AND READING AND LITERACY. WE PREPARE EDUCATORS TO FIND WAYS TO MAKE LEARNING VITAL, ACTIVE, AND CREATIVE.

Program 2

Expenses: $26,154,008 Revenue: $30,665,066

SCHOOL FOR CHILDREN - BANK STREET HAS BEEN SERVING STUDENTS FOR 100 YEARS BY PROVIDING HIGH QUALITY EARLY CHILDHOOD PROGRAMS WHICH INCLUDE AN INDEPENDENT PROGRESSIVE SCHOOL FOR CHILDREN, AN ONSITE...

SCHOOL FOR CHILDREN - BANK STREET HAS BEEN SERVING STUDENTS FOR 100 YEARS BY PROVIDING HIGH QUALITY EARLY CHILDHOOD PROGRAMS WHICH INCLUDE AN INDEPENDENT PROGRESSIVE SCHOOL FOR CHILDREN, AN ONSITE FAMILY CENTER AND AFTER SCHOOL AND SUMMER CAMP PROGRAMS. THE FAMILY CENTER, THE SCHOOL FOR CHILDREN, AFTER SCHOOL AND SUMMER CAMP ARE REFERRED TO AS CHILDREN'S PROGRAMS AT BANK STREET, AND ARE ADMINISTERED BY THE DEAN OF CHILDREN'S PROGRAMS.

Program 3

Expenses: $12,626,531 Revenue: $5,568,044

BSEC - THE BANK STREET EDUCATION CENTER PARTNERS WITH SCHOOLS, SCHOOL SYSTEMS, STATES, AND COMMUNITIES TO FOSTER POSITIVE LEARNING OUTCOMES FOR STUDENTS AND EDUCATORS AND TO ADVANCE PRACTICE AND...

BSEC - THE BANK STREET EDUCATION CENTER PARTNERS WITH SCHOOLS, SCHOOL SYSTEMS, STATES, AND COMMUNITIES TO FOSTER POSITIVE LEARNING OUTCOMES FOR STUDENTS AND EDUCATORS AND TO ADVANCE PRACTICE AND POLICY IN THE FIELD OF EDUCATION NATIONWIDE. OUR WORK AIMS TO IMPROVE THE CARE AND EDUCATION OF STUDENTS FROM BIRTH THROUGH HIGHER EDUCATION BY STRENGTHENING AND ENABLING THE SUCCESS OF THE ADULTS WHO SUPPORT THEM. THROUGH A DISTINCT SET OF SPECIALIZED PROGRAMS AND PARTNERSHIPS, THE BANK STREET EDUCATION CENTER IS BUILDING AN EVIDENCE BASE TO INFORM LOCAL PRACTICE AND ADDRESS SOME OF THE NATION'S DEEPEST ORGANIZATIONAL CHALLENGES CURRENTLY HINDERING EFFECTIVE AND EQUITABLE TEACHING AND LEARNING FOR ALL.

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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 $24,813,428

Program Service Revenue $63,318,498

Investment Income $2,198,925

Other Revenue $475,493

TOTAL REVENUE $90,806,344

Expense Breakdown

Grants Paid $26,415,389

Salaries & Benefits $44,883,550

Fundraising Expenses $2,707,795

Program Expenses $75,764,681

Other Expenses $20,440,389

TOTAL EXPENSES $91,739,328

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,806,344	$88,159,733	+0.0%
Expenses	$91,739,328	$81,632,257	+0.1%
Net Income	$-932,984	$6,527,476	-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

697

Volunteers

950

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

$1,562,276

Total Directors

$907,983

Key Employees

$1,678,498

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD S STEIN	TRUSTEE & TREASURER	1.0	Officer Director	$0	$0	$0
JEFFREY I SUSSMAN	TRUSTEE & VICE CHAIR	1.0	Officer Director	$0	$0	$0
LISA LEWIN	TRUSTEE & SECRETARY	1.0	Officer Director	$0	$0	$0
SHAEL POLAKOW- SURANSKY	PRESIDENT	35.0	Officer Director	$650,393	$257,590	$907,983
VICTORIA HAMILTON	TRUSTEE & CHAIR	1.0	Officer Director	$0	$0	$0
ADAM LITKE	TRUSTEE	1.0	Director	$0	$0	$0
Alexis Armistead	Trustee	1.0	Director	$0	$0	$0
ANNE v SHUTKIN	TRUSTEE	1.0	Director	$0	$0	$0
ANTHONY ASNES	TRUSTEE	1.0	Director	$0	$0	$0
BARBARA SCHATZ	TRUSTEE	1.0	Director	$0	$0	$0
CARLOS VELAZQUEZ	TRUSTEE	1.0	Director	$0	$0	$0
CHARLES R BENDIT	TRUSTEE	1.0	Director	$0	$0	$0
CHRISTOPHER KELLEN	TRUSTEE	1.0	Director	$0	$0	$0
DAVID OFFENSEND	TRUSTEE	1.0	Director	$0	$0	$0
DEBBIE ZLOTOWITZ	TRUSTEE	1.0	Director	$0	$0	$0
Farhad Asghar	Trustee (START 07/2024)	1.0	Director	$0	$0	$0
FERN KHAN	TRUSTEE	1.0	Director	$0	$0	$0
JAY CHAKRAPANI	TRUSTEE	1.0	Director	$0	$0	$0
JEFFREY Q SMITH	TRUSTEE	1.0	Director	$0	$0	$0
Jody Feldman	Trustee (START 07/2024)	1.0	Director	$0	$0	$0
JONATHAN COLE	TRUSTEE	1.0	Director	$0	$0	$0
KENNETH LERER	TRUSTEE	1.0	Director	$0	$0	$0
KRISTEN KANE	TRUSTEE	1.0	Director	$0	$0	$0
KRISTIN BLACK	TRUSTEE	1.0	Director	$0	$0	$0
MARGARET HONEY	TRUSTEE	1.0	Director	$0	$0	$0
MARIANNA MCCALL	TRUSTEE	1.0	Director	$0	$0	$0
Mark Nagasawa	Trustee	1.0	Director	$0	$0	$0
Melle Powers	Trustee	1.0	Director	$0	$0	$0
NANCIE COOPER	TRUSTEE	1.0	Director	$0	$0	$0
PAUL ELLIS	TRUSTEE (END 01/2025)	1.0	Director	$0	$0	$0
REBECCA MAI	TRUSTEE	1.0	Director	$0	$0	$0
RUSSELL GRANET	TRUSTEE	1.0	Director	$0	$0	$0
Sara Kliger	Trustee	1.0	Director	$0	$0	$0
SEAN DECATUR	TRUSTEE	1.0	Director	$0	$0	$0
SHILLA KIM- PARKER	TRUSTEE	1.0	Director	$0	$0	$0
WENDY VAN AMSON	TRUSTEE	1.0	Director	$0	$0	$0
YOLANDA FERRELL- BROWN	TRUSTEE	1.0	Director	$0	$0	$0
APARNA MURALIDHARAN	CHIEF OPERATING OFFICER	35.0	Officer	$290,936	$72,423	$363,359
JUSTIN TYACK	SENIOR ADVISOR (END 8/9/24)	35.0	Officer	$265,539	$25,395	$290,934
CAROLINA GONZALEZ	CHIEF OF STAFF & SEN. RESEARCH ASSOCIATE	35.0	Key Emp	$182,567	$0	$182,567
DOUGLAS KNECHT	DEAN, SCHOOL FOR CHILDREN (end 6/30/25)	35.0	Key Emp	$390,811	$83,907	$474,718
KATHERINE CONNELLY	VP, PLANNING & COMMUNICATIONS	35.0	Key Emp	$210,765	$25,142	$235,907
MARCELA HAHN	VP, DEVELOPMENT	35.0	Key Emp	$253,180	$17,539	$270,719
SULEYNI ABREU	DEPUTY CHIEF OPERATING OFFICER	35.0	Key Emp	$187,997	$13,253	$201,250
TRACY FRAY- OLIVER	VP, BANK STREET EDUCATION CENTER	35.0	Key Emp	$265,711	$47,626	$313,337
AMY WELLS	CHIEF RESEARCH OFFICER	35.0	Highest	$240,472	$28,889	$269,361
ELYSE MATTHEWS	CHIEF HUMAN RESOURCES OFFICER	35.0	Highest	$168,189	$39,166	$207,355
EMILY LINSAY	LOWER SCHOOL & MIDDLE SCHOOL DIVISION HEAD	35.0	Highest	$170,569	$53,753	$224,322
JESSICA CHARLES	ASSOCIATE DEAN, GRAD SCHOOL (END 6/30/25)	35.0	Highest	$163,643	$10,691	$174,334
JUDITH JOHNSON	CHIEF INFORMATION OFFICER	35.0	Highest	$177,298	$42,674	$219,972

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	$90,806,344	$91,739,328	$100,920,076	$-932,984
2024	No data	No data	No data	No data
2022	$68,730,517	$77,765,814	$88,772,006	$-9,035,297
2021	$73,269,159	$70,708,007	$101,176,489	$2,561,152
2020	$64,451,080	$68,807,424	$91,645,236	$-4,356,344
2019	$68,372,210	$67,105,935	$97,642,294	$1,266,275
2018	$69,105,467	$67,837,363	$97,845,326	$1,268,104