PURNELL SCHOOL (EIN 221756952) - 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

1963

Legal Domicile

Principal Officer

JOSEPH MCPEAK

Phone

9084392154

Tax Period

2020-07-01 to 2021-06-30

PURNELL SCHOOL, founded in 1963, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2020. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $5.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE SECONDARY EDUCATION FOR YOUNG WOMEN FROM GRADES NINE THROUGH TWELVE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,881,607

Program Service Revenue $3,222,618

Investment Income $792

Other Revenue $0

TOTAL REVENUE $5,105,017

Expense Breakdown

Grants Paid $803,730

Salaries & Benefits $2,733,970

Fundraising Expenses $214,455

Program Expenses $4,077,328

Other Expenses $2,286,840

TOTAL EXPENSES $5,824,540

Year-over-Year Comparison

	2020	2019	Change
Revenue	$5,105,017	$4,566,126	+0.1%
Expenses	$5,824,540	$5,336,307	+0.1%
Net Income	$-719,523	$-770,181	-0.1%

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

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

$344,335

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH BUDD BUGLIARI	TRUSTEE	2.00	Director	$0	$0	$0
TRACEY MCCOY ELLIOTT	TRUSTEE	2.00	Director	$0	$0	$0
MARTHA BELLIS GREGG	TRUSTEE	2.00	Director	$0	$0	$0
JEREMY JEFFERY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
KEVIN MCLAUGHLIN	TRUSTEE	2.00	Director	$0	$0	$0
MARTHA GALLO	TRUSTEE	2.00	Director	$0	$0	$0
JEANNIE MULLETT FORSTER	TRUSTEE	2.00	Director	$0	$0	$0
SARAH HOUGHTON	TRUSTEE	2.00	Director	$0	$0	$0
LISA LOEB	TRUSTEE	2.00	Director	$0	$0	$0
GENEVIEVE MADIGAN	TRUSTEE	2.00	Director	$0	$0	$0
DR ASPOSIA NIKOLAOU	TRUSTEE	2.00	Director	$0	$0	$0
ALAN WARREN	TRUSTEE	2.00	Director	$0	$0	$0
LUCKY NAGARAJAN	TRUSTEE	2.00	Director	$0	$0	$0
ANNE GLASS	ASSOCIATE HEAD OF SCHOOL	40.00	Officer	$199,172	$15,912	$215,084
JOESPH MCPEAK	CFO	40.00	Officer	$105,619	$23,632	$129,251

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
2021	$5,105,017	$5,824,540	$4,284,615	$-719,523
2020	$4,566,126	$5,336,307	$5,717,552	$-770,181
2019	$4,605,776	$5,426,867	$6,283,835	$-821,091
2018	$3,589,084	$6,099,564	$6,338,854	$-2,510,480

PURNELL SCHOOL