RUTGERS PREPARATORY SCHOOL (EIN 221607926) - 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

1766

Legal Domicile

Principal Officer

STEVEN A LOY

Phone

7325455600

Tax Period

2022-07-01 to 2023-06-30

RUTGERS PREPARATORY SCHOOL, founded in 1766, is a mid-sized nonprofit in the Education sector that reported $33.5M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $29.7M left a modest 11% surplus.

Mission

PRE-KINDERGARTEN THROUGH TWELFTH GRADE CO-EDUCATIONAL INDEPENDENT DAY SCHOOL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,299,672

Program Service Revenue $29,613,316

Investment Income $2,209,979

Other Revenue $339,850

TOTAL REVENUE $33,462,817

Expense Breakdown

Grants Paid $6,478,506

Salaries & Benefits $17,400,778

Fundraising Expenses $987,748

Program Expenses $24,717,058

Other Expenses $5,861,864

TOTAL EXPENSES $29,741,148

Year-over-Year Comparison

	2022	2021	Change
Revenue	$33,462,817	$30,642,354	+0.1%
Expenses	$29,741,148	$27,921,939	+0.1%
Net Income	$3,721,669	$2,720,415	+0.4%

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

284

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

$942,707

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE ANDERSEN-SHEFT	SECRETARY, TRUSTEE (UNTIL 5/18/23)	2.00	Officer Director	$0	$0	$0
ANA AYMES	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW K GOLDEN	TRUSTEE	1.00	Director	$0	$0	$0
DELLA HAMMER CHERCHIA	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTIAN HUSBY	TRUSTEE	1.00	Director	$0	$0	$0
IAN MARSHALL	TRUSTEE	1.00	Director	$0	$0	$0
HENRY RAMALLO	TRUSTEE	1.00	Director	$0	$0	$0
ERNEST RENDA	PRESIDENT, TRUSTEE	3.00	Officer Director	$0	$0	$0
GEORGES RICHA	VICE PRESIDENT, TRUSTEE	2.00	Officer Director	$0	$0	$0
MARK SHERMAN	TRUSTEE	1.00	Director	$0	$0	$0
GERALD TAMBURRO	TREASURER, TRUSTEE	2.00	Officer Director	$0	$0	$0
KATHLEEN TOOMEY	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER YORLANO	TRUSTEE	1.00	Director	$0	$0	$0
JOY ZHAO	TRUSTEE	1.00	Director	$0	$0	$0
AMY ZIEBARTH	TRUSTEE	1.00	Director	$0	$0	$0
AAMIR REHMAN	TRUSTEE (BEGAN 7/1/22)	1.00	Director	$0	$0	$0
PETER LAMPEN	TRUSTEE (BEGAN 7/1/22)	1.00	Director	$0	$0	$0
NIK RAO	TRUSTEE (BEGAN 7/1/22)	1.00	Director	$0	$0	$0
STEVEN A LOY	HEAD OF SCHOOL	50.00	Officer	$646,174	$54,544	$700,718
ROBERT APGAR	CHIEF OPERATING OFFICER	50.00	Officer	$230,596	$11,393	$241,989
PETER RICHARDSON	DIRECTOR OF CAMPUS OPERATIONS	50.00	Highest	$205,227	$42,345	$247,572
KEVIN MERGES	DIR. OF INNOVATION CENTER	50.00	Highest	$185,269	$57,719	$242,988
TODD RUTMAN	DIRECTOR OF FINANCE	50.00	Highest	$172,711	$42,786	$215,497
PATRIA LEROY	DIR. OF ENROLLMENT & FINANCIAL	50.00	Highest	$163,223	$60,633	$223,856
JOE CHODL	UPPER SCHOOL PRINCIPAL	50.00	Highest	$156,992	$48,207	$205,199

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	No data	No data	No data	No data
2023	$33,462,817	$29,741,148	$62,037,788	$3,721,669
2022	$30,642,354	$27,921,939	$57,499,480	$2,720,415
2021	$29,664,951	$25,193,147	$58,296,577	$4,471,804
2020	$26,201,610	$25,732,150	$50,550,839	$469,460
2019	$25,345,819	$24,906,758	$47,760,830	$439,061
2018	$25,110,896	$24,553,517	$46,822,590	$557,379
2018	$25,110,896	$24,553,517	$46,822,590	$557,379

RUTGERS PREPARATORY SCHOOL