PRINCETON ADULT SCHOOL

EIN: 221924079 501(c)(3) Education

PRINCETON, NJ

Total Revenue
$708,855
Total Expenses
$639,600
Total Assets
$899,644
Net Assets
$885,229
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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
1939
Legal Domicile
NJ
Principal Officer
DARREN ZAGAROLA
Phone
6096831101
Tax Period
2024-07-01 to 2025-06-30

PRINCETON ADULT SCHOOL, founded in 1939, is a small nonprofit in the Education sector that reported $709K in total revenue in fiscal year 2024. Expenses of $640K left a modest 10% surplus.

Mission

THE PRINCETON ADULT SCHOOL, FOUNDED IN 1939, OFFERS LIFE-LONG LEARNING OPPORTUNITIES TO RESIDENTS OF THE GREATER PRINCETON AREA. DRAWING ON TEACHING RESOURCES FROM AREA EDUCATIONAL INSTITUTIONS AND A WEALTH OF INDIVIDUAL TALENT, WE OFFER A WIDE RANGE OF IN-CLASS AND ON-LINE COURSES. OUR GOAL IS TO MEET THE LEARNING INTERESTS AND NEEDS OF THE AREA'S DIVERSE ADULT COMMUNITY IN PURSUING INTELLECTUAL GROWTH, WORKPLACE SKILLS, JOB OPPORTUNITIES, AND PERSONAL AND CIVIC WELL BEING, IN A CONVENIENT AND ENJOYABLE EDUCATION EXPERIENCE.

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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 $30,189
Program Service Revenue $645,366
Investment Income $33,300
Other Revenue $0
TOTAL REVENUE $708,855

Expense Breakdown

Grants Paid $0
Salaries & Benefits $309,707
Fundraising Expenses $6,894
Program Expenses $557,812
Other Expenses $329,893
TOTAL EXPENSES $639,600

Year-over-Year Comparison

2024 2023 Change
Revenue $708,855 $675,438 +0.0%
Expenses $639,600 $588,898 +0.1%
Net Income $69,255 $86,540 -0.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
34
Independent Members
31
Employees
102
Volunteers
34

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
4
$0
Total Directors
34
$4,981
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA KIRSH BOARD MEMBER 1.67
Director
$0 $0 $0
CINDY GEORGE BOARD MEMBER 1.67
Director
$0 $0 $0
MARTHA FRIEDMAN CO-PRESIDENT 3.67
Officer Director
$0 $0 $0
CAROL GOODHEART CO-PRESIDENT 3.67
Officer Director
$0 $0 $0
CONSTANCE HASSETT BOARD MEMBER 1.67
Director
$0 $0 $0
SUSAN DORAN BOARD MEMBER 1.67
Director
$0 $0 $0
JODY ERDMAN BOARD MEMBER 1.67
Director
$0 $0 $0
ALTA MALBERG BOARD MEMBER 1.67
Director
$1,340 $0 $1,340
ELIZABETH ZUCKERMAN BOARD MEMBER 1.67
Director
$0 $0 $0
COSTA PAPASTEPHANOU BOARD MEMBER 1.67
Director
$0 $0 $0
JANET PICKOVER BOARD MEMBER 2.33
Director
$0 $0 $0
KATE NEWELL BOARD MEMBER 1.67
Director
$0 $0 $0
ELEANORE SZYMANSKI BOARD MEMBER 1.67
Director
$0 $0 $0
ROSLYN VANDERBILT VICE PRESIDENT 3.67
Officer Director
$0 $0 $0
JEAN YEPES BOARD MEMBER 2.33
Director
$3,415 $0 $3,415
LYNNE ROSS BOARD MEMBER 1.67
Director
$0 $0 $0
DARREN L ZAGAROLA TREASURER 3.67
Officer Director
$0 $0 $0
MARSHA CHILD BOARD MEMBER 1.67
Director
$0 $0 $0
LAURIE RUSSELL BOARD MEMBER 1.67
Director
$0 $0 $0
SILVIA DEBENEDETTI BOARD MEMBER 1.67
Director
$0 $0 $0
JOE MAZZETTI BOARD MEMBER 3.00
Director
$0 $0 $0
ANNE SOOS BOARD MEMBER 2.33
Director
$0 $0 $0
ILENE DUBE BOARD MEMBER 1.67
Director
$0 $0 $0
MARTHA KING BOARD MEMBER 1.67
Director
$0 $0 $0
DEBORAH NORD BOARD MEMBER 1.67
Director
$226 $0 $226
ELIZABETH READ BOARD MEMBER 1.67
Director
$0 $0 $0
LINDA SEDGEWICK BOARD MEMBER 1.67
Director
$0 $0 $0
LINDA MA SUNG BOARD MEMBER 1.67
Director
$0 $0 $0
ELLEN VEDEN BOARD MEMBER 1.67
Director
$0 $0 $0
SANDRA ABRAHAM BOARD MEMBER 1.67
Director
$0 $0 $0
JANET PERKINS BOARD MEMBER 1.67
Director
$0 $0 $0
MARILYN MARKS TAL BOARD MEMBER 1.67
Director
$0 $0 $0
TONI TURANO BOARD MEMBER 1.67
Director
$0 $0 $0
RASHMA S SHARMA BOARD MEMBER 1.67
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 $708,855 $639,600 $899,644 $69,255
2024 $675,438 $588,898 $759,866 $86,540
2023 $514,344 $486,254 $657,933 $28,090
2022 $460,389 $430,966 $605,183 $29,423
2021 $535,827 $395,253 $669,266 $140,574
2020 $433,819 $416,275 $431,157 $17,544
2019 $532,683 $500,550 $384,289 $32,133
2018 $411,864 $436,524 $454,450 $-24,660
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