CORPORATION OF THE WASHINGTON LATIN SCHOOL

EIN: 202395640 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$28,038,559
Total Expenses
$25,572,185
Total Assets
$56,512,325
Net Assets
$24,681,415
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
DC
Principal Officer
PETER ANDERSON
Phone
2022231111
Tax Period
2023-07-01 to 2024-06-30

CORPORATION OF THE WASHINGTON LATIN SCHOOL, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $28.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $25.6M left a modest 9% surplus.

Mission

TO PROVIDE A RIGOROUS, CLASSICAL EDUCATION TO PUBLIC SCHOOL MIDDLE AND HIGH SCHOOL STUDENTS FROM ACROSS THE DISTRICT OF COLUMBIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,319,468
Program Service Revenue $23,376,451
Investment Income $322,934
Other Revenue $19,706
TOTAL REVENUE $28,038,559

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,714,303
Fundraising Expenses $207,441
Program Expenses $23,898,565
Other Expenses $7,857,882
TOTAL EXPENSES $25,572,185

Year-over-Year Comparison

2023 2022 Change
Revenue $28,038,559 $25,342,054 +0.1%
Expenses $25,572,185 $21,895,098 +0.2%
Net Income $2,466,374 $3,446,956 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
263
Volunteers
75

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
6
$344,692
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH MERRITT PRESIDENT 3.00
Officer Director
$0 $0 $0
LAURIE BALLENGER VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
ELIZABETH PAISNER TREASURER 3.00
Officer Director
$0 $0 $0
BRENDAN WILLIAMS-KIEF SECRETARY 3.00
Officer Director
$0 $0 $0
BARRY CALDWELL GOVERNOR 3.00
Director
$0 $0 $0
ALYSE GRAHAM GOVERNOR 3.00
Director
$0 $0 $0
PRIYA JAYACHANDRAN GOVERNOR 3.00
Director
$0 $0 $0
ANNA JESSEMAN GOVERNOR 3.00
Director
$0 $0 $0
GLENN KAUTT GOVERNOR 3.00
Director
$0 $0 $0
CARL MCFADGION GOVERNOR 3.00
Director
$0 $0 $0
JOSIAH OSGOOD GOVERNOR 3.00
Director
$0 $0 $0
LISA RUCKER GOVERNOR 3.00
Director
$0 $0 $0
MARGIE YEAGER GOVERNOR 3.00
Director
$0 $0 $0
ASWATHI ZACHARIAH GOVERNOR 3.00
Director
$0 $0 $0
PETER ANDERSON HEAD OF SCHOOL 40.00
Officer
$192,583 $12,086 $204,669
GEOVANNA IZURIETA CHIEF FINANCIAL OFFICER 40.00
Officer
$122,963 $17,060 $140,023
JAMES KELLY PRINCIPAL 40.00
Highest
$123,664 $12,948 $136,612
KENA E ALLISON UPPER SCHOOL SCIENCE TEACHER & ADVISOR 40.00
Highest
$113,207 $10,558 $123,765
CYNTHIA A DAVIS DIRECTOR OF DEVELOPMENT 40.00
Highest
$113,616 $18,222 $131,838
CATHERINE G CORMWEEL DIRECTOR OF EXTERNAL AFFAIRS 40.00
Highest
$115,755 $12,022 $127,777
TIFFANY C AUSTIN UPPER SCHOOL INTERIM ASSISTANT DIRECTOR 40.00
Highest
$114,459 $14,256 $128,715
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 $28,038,559 $25,572,185 $56,512,325 $2,466,374
2023 $25,342,054 $21,895,098 $57,326,074 $3,446,956
2022 $18,255,562 $17,361,762 $33,346,403 $893,800
2021 $17,054,882 $14,170,106 $31,565,560 $2,884,776
2020 $19,198,775 $14,455,641 $28,722,754 $4,743,134
2019 $13,809,639 $13,664,177 $27,485,758 $145,462
2018 $13,346,243 $12,824,496 $27,474,291 $521,747
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