THE HARLEY SCHOOL

EIN: 160755783 501(c)(3)

ROCHESTER, NY

Total Revenue
$21,847,341
Total Expenses
$18,814,715
Total Assets
$38,390,594
Net Assets
$29,169,259
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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
1924
Legal Domicile
NY
Principal Officer
HUGH HIGGINS
Phone
5854421770
Tax Period
2024-07-01 to 2025-06-30

THE HARLEY SCHOOL, founded in 1924, is a mid-sized nonprofit that reported $21.8M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $18.8M left a modest 14% surplus.

Mission

PRIVATE, INDEPENDENT SCHOOL COMMITTED TO ACADEMIC EXCELLENCE FROM NURSERY THROUGH GRADE 12.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,839,110
Program Service Revenue $14,559,621
Investment Income $934,065
Other Revenue $514,545
TOTAL REVENUE $21,847,341

Expense Breakdown

Grants Paid $4,023,629
Salaries & Benefits $10,293,840
Fundraising Expenses $431,448
Program Expenses $16,001,265
Other Expenses $4,497,246
TOTAL EXPENSES $18,814,715

Year-over-Year Comparison

2024 2023 Change
Revenue $21,847,341 $16,933,875 +0.3%
Expenses $18,814,715 $18,524,753 +0.0%
Net Income $3,032,626 $-1,590,878 -2.9%
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

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Governance

Voting Members
18
Independent Members
18
Employees
334
Volunteers
160

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
7
$429,778
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED TOWNSEND PRESIDENT 3.00
Officer Director
$0 $0 $0
ALLIE D'AMANDA SACKS EXECUTIVE VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
ABBY STERN BENNET VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
BRIAN SCUDDER TREASURER 3.00
Officer Director
$0 $0 $0
SHELBY NELSON SECRETARY 3.00
Officer Director
$0 $0 $0
LIBBIE DIMARCO BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY ALEXIS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISSY BENNET-WEST BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLENE BERRY BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW BUDD BOARD MEMBER 1.00
Director
$0 $0 $0
KARIN DEUTSCH KARLEKAR BOARD MEMBER 1.00
Director
$0 $0 $0
EVA GALKA BOARD MEMBER 1.00
Director
$0 $0 $0
LEE GARTLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY MCCUNE JR BOARD MEMBER 1.00
Director
$0 $0 $0
HELEN PARTRIDGE BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER SCHWARTZOTT BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN WINCHESTER BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN KIMMET BOARD MEMBER 1.00
Director
$0 $0 $0
DENA LEVY BOARD MEMBER 1.00
Director
$0 $0 $0
CHIN-LIN CHING BOARD MEMBER 1.00
Director
$0 $0 $0
HUGH HIGGINS CFO 40.00
Officer
$95,491 $30,573 $126,064
KATHRYN KAISER TRANSITIONAL HEAD OF SCHOOL 40.00
Officer
$303,016 $698 $303,714
TERRY SMITH HEAD OF LOWER SCHOOL 40.00
Highest
$116,804 $19,755 $136,559
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 $21,847,341 $18,814,715 $38,390,594 $3,032,626
2024 $16,933,875 $18,524,753 $34,779,267 $-1,590,878
2023 $16,464,016 $18,713,913 $35,750,337 $-2,249,897
2022 $16,619,746 $17,663,419 $36,830,266 $-1,043,673
2021 $19,359,260 $15,842,689 $40,991,489 $3,516,571
2020 $15,286,461 $15,571,698 $34,897,684 $-285,237
2019 $18,748,268 $15,171,826 $34,353,847 $3,576,442
2018 $16,887,043 $14,794,809 $31,410,489 $2,092,234
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