FAR HILLS COUNTRY DAY SCHOOL (EIN 221489901) - Form 990 Financial Analysis & Trantor Score

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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

1929

Legal Domicile

Principal Officer

GEORGIA ZAISER

Phone

9087660622

Tax Period

2023-07-01 to 2024-06-30

FAR HILLS COUNTRY DAY SCHOOL, founded in 1929, is a mid-sized nonprofit in the Education sector that reported $11.4M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $12.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

FAR HILLS COUNTRY DAY SCHOOL PROVIDED AN EDUCATION TO 239 STUDENTS IN GRADES PREK - GRADE 8 DURING THE TAX YEAR WITH THE MISSION OF THE SCHOOL AND THE PILLARS AS THE GUIDING PRINCIPLES. THROUGH ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT, FAR HILLS COUNTRY DAY SCHOOL PROVIDES EACH CHILD BRILLIANT BEGINNINGS FOR SUCCESS IN THE MODERN WORLD. FAR HILLS COUNTRY DAY SCHOOL PROVIDES A CURRICULUM THAT SUPPORTS ACADEMIC EXCELLENCE AS WELL AS EMOTIONAL INTELLIGENCE. FAR HILLS ALSO PROVIDES A CHARACTER-BASED EDUCATION THROUGH THE PILLARS OF CHARACTER: RESPECT, RESPONSIBILITY, LEADERSHIP, KINDNESS, HONESTY. THE FIVE PILLARS OF CHARACTER PERMEATE EVERYDAY LIFE AT FAR HILLS. OUR COMMITMENT TO THE PILLARS IS FUNDAMENTAL TO MAKING OUR COMMUNITY STRONG AND THE WORLD A BETTER PLACE

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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 $1,296,942

Program Service Revenue $9,674,141

Investment Income $156,836

Other Revenue $302,640

TOTAL REVENUE $11,430,559

Expense Breakdown

Grants Paid $1,425,916

Salaries & Benefits $6,707,904

Fundraising Expenses $801,520

Program Expenses $9,612,129

Other Expenses $4,699,130

TOTAL EXPENSES $12,832,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,430,559	$13,130,127	-0.1%
Expenses	$12,832,950	$13,582,565	-0.1%
Net Income	$-1,402,391	$-452,438	+2.1%

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

114

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

$583,365

Total Directors

$388,902

Key Employees

$174,430

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGIA ZAISER	HEAD OF SCHOOL	60.00	Officer Director	$304,565	$84,337	$388,902
JOE FERRARO	CHAIR	10.00	Officer Director	$0	$0	$0
COLLEEN MCCLOSKEY	VICE-CHAIR	4.00	Officer Director	$0	$0	$0
DIANE CALELLO	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHAEL VOLLERO	TREASURER	1.00	Officer Director	$0	$0	$0
RICH ANTONECK	TRUSTEE	2.00	Director	$0	$0	$0
ROHAN ARJUN	TRUSTEE	2.00	Director	$0	$0	$0
STEPHANIE GLICKMAN	TRUSTEE	3.00	Director	$0	$0	$0
CRAIG HALL	TRUSTEE	1.00	Director	$0	$0	$0
DR TIM ISGRO	TRUSTEE	4.00	Director	$0	$0	$0
PRISCILLA MILLER	TRUSTEE	2.00	Director	$0	$0	$0
LIZ MORRISON	TRUSTEE	2.00	Director	$0	$0	$0
YVONNE PREVIDI	TRUSTEE	3.00	Director	$0	$0	$0
LAURA VAN ROOYEN	TRUSTEE	2.00	Director	$0	$0	$0
ENZO VARTULI	TRUSTEE	2.00	Director	$0	$0	$0
CLAYTON WALTON	TRUSTEE	1.00	Director	$0	$0	$0
LORI A FITZGIBBON	CFO	50.00	Officer	$173,550	$20,913	$194,463
PATRICIA BARRY	DIRECTOR OF LOWER SCHOOL	50.00	Key Emp	$154,606	$19,824	$174,430
LINDA CORCORAN	DIR. ENGAGEMENT & PHILANTHROPY	50.00	Highest	$124,707	$32,638	$157,345
EDWARD J THOMPSON	DIR. PLACEMENT AND OPERATIONS	50.00	Highest	$119,027	$14,006	$133,033
RONALD M SANSONE	DIRECTOR OF ATHLETICS	50.00	Highest	$109,631	$27,497	$137,128
EMILY SEELAUS	DIRECTOR OF UPPER SCHOOL	50.00	Highest	$104,997	$3,913	$108,910
OLIVER FORSYTHE	DIRECTOR OF TECHNOLOGY	50.00	Highest	$103,537	$12,795	$116,332

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	$11,430,559	$12,832,950	$47,666,822	$-1,402,391
2023	$13,130,127	$13,582,565	$48,123,885	$-452,438
2022	$13,370,926	$13,255,000	$48,085,636	$115,926
2021	$17,042,162	$13,154,718	$49,672,339	$3,887,444
2020	$15,482,155	$12,853,062	$46,698,744	$2,629,093
2019	$12,490,902	$13,006,986	$42,789,183	$-516,084

FAR HILLS COUNTRY DAY SCHOOL