THE RED OAKS SCHOOL INC

EIN: 221815493 501(c)(3) Education

MORRISTOWN, NJ

Total Revenue
$6,670,765
Total Expenses
$6,296,805
Total Assets
$4,809,972
Net Assets
$2,371,207
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
NJ
Principal Officer
DAVID YERMACK
Phone
9735397853
Tax Period
2024-07-01 to 2025-06-30

THE RED OAKS SCHOOL INC, founded in 1966, is a community nonprofit in the Education sector that reported $6.7M in total revenue in fiscal year 2024. Expenses of $6.3M left a modest 6% surplus.

Mission

THE RED OAKS SCHOOL DEVELOPS EACH CHILD'S GIFTS BY INSPIRING PERSONAL AND INTELLECTUAL GROWTH, RESULTING IN HIGH ACHIEVING STUDENTS WHO ARE HAPPY, CONFIDENT, RESILIENT, AND READY FOR THE CHALLENGES AHEAD.

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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 $392,276
Program Service Revenue $6,234,639
Investment Income $30,481
Other Revenue $13,369
TOTAL REVENUE $6,670,765

Expense Breakdown

Grants Paid $944,200
Salaries & Benefits $3,849,430
Fundraising Expenses $47,589
Program Expenses $4,769,907
Other Expenses $1,503,175
TOTAL EXPENSES $6,296,805

Year-over-Year Comparison

2024 2023 Change
Revenue $6,670,765 $6,506,640 +0.0%
Expenses $6,296,805 $6,332,959 0.0%
Net Income $373,960 $173,681 +1.2%
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
15
Independent Members
15
Employees
57
Volunteers
28

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
$130,829
Total Directors
15
$0
Key Employees
1
$166,273
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY GALDI PRESIDENT 1.00
Officer Director
$0 $0 $0
ANNE CAROLAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID YERMACK TREASURER 1.00
Officer Director
$0 $0 $0
MEGAN CLARK SECRETARY 1.00
Officer Director
$0 $0 $0
DANIEL ELIE TRUSTEE 1.00
Director
$0 $0 $0
FRED DOUGLAS TRUSTEE 1.00
Director
$0 $0 $0
JESPER GORANSSON TRUSTEE 1.00
Director
$0 $0 $0
CHRISTINE ST PETER LEVINSOHN TRUSTEE 1.00
Director
$0 $0 $0
SUSANNA PUNTEL TRUSTEE 1.00
Director
$0 $0 $0
AVINASH KOTHAVALE TRUSTEE 1.00
Director
$0 $0 $0
JANET DAVIS TRUSTEE 1.00
Director
$0 $0 $0
ANNEMARIE FELDMAN TRUSTEE 1.00
Director
$0 $0 $0
JAYNE GEIGER TRUSTEE 1.00
Director
$0 $0 $0
CHRISTINE GOLDTHWAITE TRUSTEE 1.00
Director
$0 $0 $0
KARLA GABRE TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER WEAVER HEAD OF SCHOOL 45.00
Officer
$112,560 $18,269 $130,829
SUSAN A MILLER DIR OF FINANCE AND OPERATI 40.00
Key Emp
$158,220 $8,053 $166,273
NOGA BEER MIDDLE SCHOOL DIRECTOR 40.00
Highest
$128,675 $6,566 $135,241
SERA CAPRIOTTI LOWER SCHOOL DIRECTOR 40.00
Highest
$112,164 $6,279 $118,443
PATRICIA GIORDANO DEVELOPMENT AND ASST TO HOS 40.00
Highest
$110,488 $15,459 $125,947
MARILYN E STEWART HEAD OF SCHOOL (THROUGH 6/24) 45.00
$178,292 $13,392 $191,684
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 $6,670,765 $6,296,805 $4,809,972 $373,960
2024 $6,506,640 $6,332,959 $4,444,684 $173,681
2023 $6,046,672 $6,003,517 $4,312,870 $43,155
2022 $5,283,617 $5,223,942 $3,126,208 $59,675
2021 $5,200,429 $4,966,719 $3,542,629 $233,710
2020 $4,715,454 $4,585,798 $2,778,004 $129,656
2019 $4,709,286 $4,452,113 $2,234,305 $257,173
2018 $4,336,363 $4,213,257 $1,961,000 $123,106
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