SADDLE RIVER DAY SCHOOL INC

EIN: 221612735 501(c)(3)

SADDLE RIVER, NJ

Total Revenue
$27,746,546
Total Expenses
$27,230,222
Total Assets
$64,038,057
Net Assets
$35,624,620
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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
1957
Legal Domicile
NJ
Principal Officer
JALAJ DESAI
Phone
2013274050
Tax Period
2024-07-01 to 2025-06-30

SADDLE RIVER DAY SCHOOL INC, founded in 1957, is a mid-sized nonprofit that reported $27.7M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

TO INSPIRE EACH CHILD TO ACHIEVE PERSONAL AND ACADEMIC EXCELLENCE AND TO BECOME A CARING AND ETHICAL CONTRIBUTOR TO SOCIETY.

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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 $1,504,411
Program Service Revenue $25,043,512
Investment Income $912,846
Other Revenue $285,777
TOTAL REVENUE $27,746,546

Expense Breakdown

Grants Paid $6,512,522
Salaries & Benefits $14,550,713
Fundraising Expenses $450,941
Program Expenses $22,336,377
Other Expenses $6,166,987
TOTAL EXPENSES $27,230,222

Year-over-Year Comparison

2024 2023 Change
Revenue $27,746,546 $37,863,395 -0.3%
Expenses $27,230,222 $22,493,721 +0.2%
Net Income $516,324 $15,369,674 -1.0%
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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Governance

Voting Members
13
Independent Members
13
Employees
198
Volunteers
14

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
5
$192,014
Total Directors
13
$0
Key Employees
2
$1,447,014
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WES POWELL PRESIDENT 8.00
Officer Director
$0 $0 $0
ROSARIO RUFFINO TREASURER 8.00
Officer Director
$0 $0 $0
SCOTT BRAEN SECRETARY 8.00
Officer Director
$0 $0 $0
KIM LAWRIE VICE PRESIDENT 8.00
Officer Director
$0 $0 $0
ZAKIR GAIBI TRUSTEE 5.00
Director
$0 $0 $0
ABE HAN TRUSTEE 5.00
Director
$0 $0 $0
BRYAN HEKEMIAN TRUSTEE 5.00
Director
$0 $0 $0
DALE SMITH TRUSTEE 5.00
Director
$0 $0 $0
STEPHEN SAVAS TRUSTEE 5.00
Director
$0 $0 $0
JEFF ROSENBERG TRUSTEE 5.00
Director
$0 $0 $0
DAN SUGAR TRUSTEE 5.00
Director
$0 $0 $0
ROBERT REGULAR TRUSTEE 5.00
Director
$0 $0 $0
DR KRISTEN WALSH TRUSTEE 5.00
Director
$0 $0 $0
CHRISTOPHER MATHISEN CFO 40.00
Officer
$178,224 $13,790 $192,014
JALAJ DESAI HEAD OF SCHOOL 40.00
Key Emp
$897,006 $362,500 $1,259,506
DANIEL BROWN ATHLETIC DIRECTOR 40.00
Key Emp
$187,508 $0 $187,508
GEOFFREY BOWMAN DIRECTOR OF ADMISSIONS 40.00
Highest
$181,803 $0 $181,803
ANASTASIA KELLY HEAD OF MIDDLE SCHOOL 40.00
Highest
$166,038 $2,610 $168,648
PETER PETROW ATHLETIC DIRECTOR 40.00
Highest
$162,898 $0 $162,898
SHAI ZACARAEV HEAD OF UPPER SCHOOL 40.00
Highest
$161,864 $8,776 $170,640
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 $27,746,546 $27,230,222 $64,038,057 $516,324
2024 No data No data No data No data
2024 $37,863,395 $22,493,721 $40,778,217 $15,369,674
2023 $23,689,938 $19,417,251 $24,922,972 $4,272,687
2022 $16,312,416 $16,208,647 $19,564,036 $103,769
2022 $16,312,416 $16,218,923 $19,564,036 $93,493
2021 $16,768,328 $14,277,533 $20,048,190 $2,490,795
2020 $12,325,067 $12,667,171 $17,271,599 $-342,104
2019 $13,171,867 $12,597,755 $16,554,571 $574,112
2018 $12,177,909 $11,729,489 $15,998,425 $448,420
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