DARROW 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

1932

Legal Domicile

Principal Officer

ANDREW VADNAIS

Phone

5187042769

Tax Period

2023-07-01 to 2024-06-30

DARROW SCHOOL, founded in 1932, is a mid-sized nonprofit in the Education sector that reported $10.4M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

DARROW SCHOOL IS DEDICATED TO SERVING STUDENTS WITH DIVERSE BACKGROUNDS AND ABILITIES, BUILDING ON EACH STUDENT'S TALENTS AND INTERESTS TO INSPIRE ENDURING CONFIDENCE FOR SUCCESS IN COLLEGE AND LIFE. THIS MISSION IS ACCOMPLISHED THROUGH OUR ACTIVE, DIFFERENTIATED, AND INCLUSIVE CURRICULUM, ROOTED IN THE LIBERAL ARTS AND SCIENCES, IS INDIVIDUALLY FOCUSED, AND COMBINES INNOVATIVE CLASSROOM INSTRUCTION WITH PROJECT-BASED LEARNING AND ENVIRONMENTAL CONSCIOUSNESS.

Program Service Accomplishments

Program 1

Expenses: $8,444,148 Revenue: $6,539,247

DARROW SCHOOL IS A COED BOARDING AND DAY SCHOOL THAT OFFERS A COMPREHENSIVE COLLEGE PREPARATORY EDUCATION. WE HAVE A HISTORIC CAMPUS AND A PASSIONATE COMMUNITY OF INDIVIDUALS WHERE ALL STUDENTS FEEL A SENSE OF BELONGING. OUR CURRICULUM IS RIGOROUS AND TAILORED TO EACH STUDENT'S INTERESTS AND TALENTS. WE IGNITE THEIR CURIOSITY WITH A WIDE RANGE OF COCURRICULAR ACTIVITIES. OUR STUDENT BODY IS COMPRISED OF APPROXIMATELY 99 STUDENTS FROM 15 STATES AND 14 COUNTRIES. WITH AN AVERAGE CLASS SIZE OF 9 AND A 4:1 STUDENT-TO-TEACHER RATIO, OUR FACULTY CAN FULLY ENGAGE WITH EACH STUDENT, CHALLENGING THEM TO DO THEIR BEST EVERY DAY.

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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 $3,182,340

Program Service Revenue $6,450,159

Investment Income $194,407

Other Revenue $536,009

TOTAL REVENUE $10,362,915

Expense Breakdown

Grants Paid $2,796,480

Salaries & Benefits $3,833,820

Fundraising Expenses $292,157

Program Expenses $8,444,148

Other Expenses $3,649,855

TOTAL EXPENSES $10,280,155

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,362,915	$8,223,785	+0.3%
Expenses	$10,280,155	$10,051,586	+0.0%
Net Income	$82,760	$-1,827,801	-1.0%

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

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

$282,522

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXA SEIP	CHAIR THRU 1/31/24	1.00	Officer Director	$0	$0	$0
LARRY VANMETER	INTERIM CHAIR AS OF 2/1/24	1.00	Officer Director	$0	$0	$0
JIM BRIGGS	VICE-CHAIR THRU 1/31/24	1.00	Officer Director	$0	$0	$0
JOHN FARBER	INTERIM VICE CHAIR 2/1-6/7/24	1.00	Officer Director	$0	$0	$0
JOHN CARTON	TREASURER THRU 1/31/24	1.00	Officer Director	$0	$0	$0
EDWIN V SELDEN	INTERIM TREASURER AS OF 2/1/24	1.00	Officer Director	$0	$0	$0
JENNIFER CHOLNOKY	SECRETARY THRU 1/31/24	1.00	Officer Director	$0	$0	$0
NANCY WOLF	INTERIM SECRETARY AS OF 2/1/24	1.00	Director	$0	$0	$0
TOM AURAY	TRUSTEE THRU 4/16/24	1.00	Director	$0	$0	$0
THOMAS BARCLAY	TRUSTEE	1.00	Director	$0	$0	$0
THEODORE BENNING	TRUSTEE	1.00	Director	$0	$0	$0
BOBBY CASTRO	TRUSTEE	1.00	Director	$0	$0	$0
DAN HOLT	TRUSTEE	1.00	Director	$0	$0	$0
FIRAS IBRAHIM	TRUSTEE	1.00	Director	$0	$0	$0
MEAGAN LEDENDECKER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTIAN MASTERS	TRUSTEE	1.00	Director	$0	$0	$0
PETER RAFF	TRUSTEE	1.00	Director	$0	$0	$0
MARK RUSSELL	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER TRAINOR THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW WALKER	TRUSTEE THRU 4/2/24	1.00	Director	$0	$0	$0
ANDREW VADNAIS	HEAD OF SCHOOL	40.00	Officer	$123,619	$68,674	$192,293
KAREN VOLPI	CFO	40.00	Officer	$77,589	$12,640	$90,229

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	$10,362,915	$10,280,155	$19,142,008	$82,760
2023	$8,223,785	$10,051,586	$22,353,836	$-1,827,801
2022	$14,963,956	$10,515,308	$21,487,014	$4,448,648
2021	$7,553,919	$9,647,176	$18,202,207	$-2,093,257
2021	$8,020,932	$9,651,482	$16,589,833	$-1,630,550
2020	$12,058,794	$10,202,588	$17,822,655	$1,856,206
2020	$11,918,287	$9,956,627	$18,053,484	$1,961,660
2019	$8,275,813	$9,409,692	$15,952,407	$-1,133,879