MIDLAND SCHOOL INC (EIN 221666121) - 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

1961

Legal Domicile

Principal Officer

SHAWN MCINERNEY

Phone

9087228222

Tax Period

2022-07-01 to 2023-06-30

MIDLAND SCHOOL INC, founded in 1961, is a community nonprofit that reported $9.4M in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $8.7M left a modest 8% surplus.

Mission

An approved New Jersey Department of Education private school dedicated to the individualized needs of students with intellectual and developmental disabilities. We are committed to a seamless transition from student to adult life. See Schedule O.

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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 $199,182

Program Service Revenue $8,805,635

Investment Income $443,046

Other Revenue $0

TOTAL REVENUE $9,447,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,255,316

Fundraising Expenses $0

Program Expenses $7,538,273

Other Expenses $1,462,872

TOTAL EXPENSES $8,718,188

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,447,863	$7,595,653	+0.2%
Expenses	$8,718,188	$8,252,273	+0.1%
Net Income	$729,675	$-656,620	-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

150

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

$514,848

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGG SWEETMAN	BUSINESS MNGR	40.00	Officer	$190,769	$42,154	$232,923
SHAWN MCINERNEY	President & CEO	40.00	Officer	$197,637	$5,738	$203,375
MICHAEL CASTLES	SYS ADMIN & FAC MG	40.00		$131,427	$29,078	$160,505
SUZANNE FRANK	TEACHER	35.00		$124,600	$17,989	$142,589
KAREN STORM	SUPERVISOR	40.00		$120,737	$17,774	$138,511
KRISTEN MASSIMO	PRINCIPAL	40.00		$133,214	$3,935	$137,149
NATALIE SWIATEK	PROJECT DIRECTOR	40.00		$129,032	$2,937	$131,969
STACEY CARR	Secretary	40.00	Officer	$60,853	$17,697	$78,550
GEOFFREY K ALLEN	Chairman	1.00	Officer Director	$0	$0	$0
PETE LEGA	Trustee	0.50	Director	$0	$0	$0
PETER PHILLIPS SR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN CUNNINGHAM	Trustee	0.50	Director	$0	$0	$0
LENORE DUNN	Trustee	0.50	Director	$0	$0	$0
SANDY LoPICCOLO	Trustee	0.50	Director	$0	$0	$0
JENN JOHNSON	Trustee	0.50	Director	$0	$0	$0
ANDY NOWACK	Trustee	0.50	Director	$0	$0	$0
KRASMIRA HRISTOV	Trustee	0.50	Director	$0	$0	$0
MARY T REHUS	Trustee	0.50	Director	$0	$0	$0
KATHERINE VALASEK	Trustee	0.50	Director	$0	$0	$0
THERESA SCHEUBLE	Trustee	0.50	Director	$0	$0	$0
FRANK SETTIPANNI	Trustee	0.50	Director	$0	$0	$0
SUSAN LODGE	Trustee	0.50	Director	$0	$0	$0
JOHN TEGELER	Trustee	0.50	Director	$0	$0	$0

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	$9,447,863	$8,718,188	$16,591,725	$729,675
2022	$7,595,653	$8,252,273	$15,484,447	$-656,620
2021	$7,668,515	$7,460,869	$16,197,805	$207,646
2020	$8,514,093	$7,813,157	$15,333,084	$700,936
2019	$6,650,599	$7,802,604	$14,972,099	$-1,152,005
2018	$8,402,876	$7,971,200	$15,927,703	$431,676

MIDLAND SCHOOL INC