THE PARK SCHOOL OF BUFFALO

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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

1912

Legal Domicile

Principal Officer

LISA M CONRAD

Phone

7168391242

Tax Period

2024-07-01 to 2025-06-30

THE PARK SCHOOL OF BUFFALO, founded in 1912, is a community nonprofit in the Education sector that reported $9.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE SCHOOL ENGAGES THE STUDENT IN A DIVERSE AND CREATIVE COMMUNITY THAT NURTURES THE JOY AND RESPONSIBILITY OF ACTIVE LEARNING IN ALL, FROM OUR YOUNGEST LEARNERS TO OUR GRADUATES, WHO LEAVE WITH THE SKILLS ESSENTIAL TO COLLEGE SUCCESS AND THE CONFIDENCE TO SERVE AND LEAD.

Program Service Accomplishments

Program 1

Expenses: $6,565,178 Revenue: $6,043,186

THE PARK SCHOOL IS AN INDEPENDENT SCHOOL, TEACHING PREK INCLUDING MONTESSORI AND KINDERGARTEN THROUGH 12TH GRADE DURING THE NORMAL ACADEMIC YEAR. PARK PROVIDES A RIGOROUS ACADEMIC PROGRAM IN AN...

THE PARK SCHOOL IS AN INDEPENDENT SCHOOL, TEACHING PREK INCLUDING MONTESSORI AND KINDERGARTEN THROUGH 12TH GRADE DURING THE NORMAL ACADEMIC YEAR. PARK PROVIDES A RIGOROUS ACADEMIC PROGRAM IN AN EDUCATIONAL CLIMATE. ALL PARK GRADUATES ARE ACCEPTED TO COLLEGE. WITH INTENTIONALLY SMALL CLASS SIZES, EACH STUDENT HAS AMPLE OPPORTUNITY TO LEARN THROUGH EXPERIENCE WITH PERSONAL ATTENTION FROM DEDICATED TEACHERS.

Program 2

Expenses: $950,837 Revenue: $1,476,911

THE PARK SCHOOL OFFERS A 6-WEEK SUMMER PROGRAM MANAGED BY CERTIFIED TEACHERS AND QUALIFIED INSTRUCTORS. ACTIVITIES INCLUDE SWIMMING, ATHLETICS, NATURE STUDIES, MUSIC, CRAFTS, TECHNOLOGY, AND DRAMA...

THE PARK SCHOOL OFFERS A 6-WEEK SUMMER PROGRAM MANAGED BY CERTIFIED TEACHERS AND QUALIFIED INSTRUCTORS. ACTIVITIES INCLUDE SWIMMING, ATHLETICS, NATURE STUDIES, MUSIC, CRAFTS, TECHNOLOGY, AND DRAMA. CAMPERS ARE PROVIDED WITH A NUTRITIOUS LUNCH AND SNACKS. THE PROGRAM IS OPEN TO THE GENERAL PUBLIC, EARLY EDUCATION THROUGH GRADE 8.

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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 $1,285,018

Program Service Revenue $7,520,097

Investment Income $116,944

Other Revenue $212,049

TOTAL REVENUE $9,134,108

Expense Breakdown

Grants Paid $2,153,750

Salaries & Benefits $4,879,672

Fundraising Expenses $204,751

Program Expenses $7,516,015

Other Expenses $2,326,259

TOTAL EXPENSES $9,359,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,134,108	$8,266,879	+0.1%
Expenses	$9,359,681	$8,871,706	+0.1%
Net Income	$-225,573	$-604,827	-0.6%

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

207

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

$288,498

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KARRER	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHERYL DAVIES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRENDA FELDSTEIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTIE WITT BERARDI	SECRETARY	1.00	Officer Director	$0	$0	$0
GIL DICKOFF	TREASURER	1.00	Officer Director	$0	$0	$0
KENNETH PETERSON	TRUSTEE	1.00	Director	$0	$0	$0
JOE BURWICK	TRUSTEE	1.00	Director	$0	$0	$0
MADELINE CONNORS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
GUY GUNZBERG	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN KEARNEY	TRUSTEE	1.00	Director	$0	$0	$0
JUDITH WARREN LITTLE	TRUSTEE	1.00	Director	$0	$0	$0
SPENCER PATTERSON	TRUSTEE	1.00	Director	$0	$0	$0
CRYSTAL RODRIGUEZ-DABNEY	TRUSTEE	1.00	Director	$0	$0	$0
LILLIE WILEY-UPSHAW	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL ZORN	TRUSTEE	1.00	Director	$0	$0	$0
TODD LEVIN	TRUSTEE	1.00	Director	$0	$0	$0
JASON BIRD	TRUSTEE	1.00	Director	$0	$0	$0
MACARENA FRITZ-CEFARATTI	FACULTY REPRESENTATIVE	40.00	Director	$0	$0	$0
HARRY LIPSITZ	TRUSTEE	1.00	Director	$0	$0	$0
KEITH FROME	PRESIDENT OF SCHOOL	40.00	Officer	$148,837	$7,441	$156,278
LISA CONRAD	HEAD OF SCHOOL	40.00	Officer	$125,991	$6,229	$132,220

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	$9,134,108	$9,359,681	$12,057,293	$-225,573
2024	$8,266,879	$8,871,706	$11,525,291	$-604,827
2023	$8,392,369	$8,084,167	$12,423,707	$308,202
2022	$9,433,798	$7,477,007	$11,506,829	$1,956,791
2021	$6,164,762	$6,491,028	$10,631,186	$-326,266
2020	$7,690,620	$7,900,271	$10,665,974	$-209,651
2019	$7,712,704	$8,033,732	$10,411,080	$-321,028
2018	$9,352,308	$7,817,288	$9,832,935	$1,535,020