MIDLAND SCHOOL INC

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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

The Midland School is an approved not-for-profit New Jersey Department of Education private school dedicated to the individual, academic, social, emotional and career education needs of students ages 3 through 21, with intellectual and developmental disabilities. The Midland School serves children and adolescents from over 45 school districts throughout Northern and Central New Jersey. As leaders in the field, The Midland School promotes personal achievement and fosters independence by providing a range of innovative programs and services including: individualized instruction; multi-sensory approach, Midland Tots Preschool, life skills training, extracurricular/after school/respite programs, speech, occupational and physical therapies, certified BCBA, social worker and psychologist, bilingual/culturally diverse staff and a comprehensive school to work transition program. The Midland School offers a comprehensive special education program that includes an extended school year option, po

Program Service Accomplishments

Program 1

Expenses: $7,538,273

THE MIDLAND SCHOOL PROMOTES PERSONAL ACHIEVEMENT AND FOSTERS INDEPENDENCE BY PROVIDING A RANGE OF INNOVATIVE PROGRAMS AND SERVICES INCLUDING INDIVIDUALIZED INSTRUCTION WITH A MULTI-SENSORY APPROACH, MIDLAND PRESCHOOL PROGRAM, LIFE SKILLS TRAINING, EXTRACURRICULAR/ AFTER SCHOOL PROGRAMS, SPEECH, OCCUPATIONAL AND PHYSICAL THERAPIES, CERTIFIED BCBA, SOCIAL WORK AND PSYCHOLOGY SERVICES, AND A COMPREHENSIVE SCHOOL TO WORK TRANSISTION PROGRAM.

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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