MILTON HERSHEY SCHOOL AND SCHOOL TRUST (EIN 231353340) - 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

1909

Legal Domicile

Principal Officer

PETER GURT

Phone

7175201100

Tax Period

2023-08-01 to 2024-07-31

MILTON HERSHEY SCHOOL AND SCHOOL TRUST, founded in 1909, is a major nonprofit in the Education sector that reported $814.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $443.9M, a strong 55% operating margin.

Mission

IN KEEPING WITH MILTON AND CATHERINE HERSHEY'S DEED OF TRUST, MILTON HERSHEY SCHOOL NURTURES AND EDUCATES CHILDREN IN SOCIAL AND FINANCIAL NEED. 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 (2023)

Revenue Breakdown

Contributions & Grants $57,374

Program Service Revenue $366,816

Investment Income $810,935,425

Other Revenue $2,665,019

TOTAL REVENUE $814,024,634

Expense Breakdown

Grants Paid $10,485,470

Salaries & Benefits $181,500,069

Fundraising Expenses $0

Program Expenses $279,929,246

Other Expenses $178,098,097

TOTAL EXPENSES $370,083,636

Year-over-Year Comparison

	2023	2022	Change
Revenue	$814,024,634	$888,151,749	-0.1%
Expenses	$370,083,636	$369,033,710	+0.0%
Net Income	$443,940,998	$519,118,039	-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

N/A

Employees

2434

Volunteers

438

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

$4,216,511

Total Directors

$4,129,835

Key Employees

$1,977,314

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BROWN	BOARD OF MANAGERS	6.0	Director	$0	$63,984	$1,965,001
PETER G GURT	PRESIDENT	50.0	Officer	$744,646	$144,386	$889,032
LISA RASHID	VP - COMMUNICATIONS	48.0	Officer	$411,252	$66,423	$477,675
ELLIOTT H ROBINSON	VP ADMINISTRATION	53.0	Officer	$375,708	$100,086	$475,794
ANDREW CLARK ESQ	VP Legal/Gen Counsel/SECRETARY	55.0	Officer	$316,649	$81,969	$398,618
FREDA F MARTINE	SR VP OF EDU AND STUDENT LIFE	55.0	Officer	$344,414	$54,172	$398,586
TANYA BAYNHAM	VP GRAD PROG FOR SUCC	50.0	Officer	$322,239	$42,143	$364,382
BETH J SHAW	EXEC DIRECTOR- STUDENT SUPPORT	55.0	Key Emp	$248,571	$80,463	$329,034
ANNETTE K COLE GILL	HEAD-MIDDLE DIVISION	53.0	Key Emp	$246,915	$79,555	$326,470
WILLIAM H WEBER III	HEAD OF SCHOOL DIVISION	55.0	Key Emp	$238,867	$72,875	$311,742
ERIN OSEVALA	FIRST DEPUTY GENERAL COUNSEL	42.0	Highest	$243,349	$61,072	$304,421
M DIANE KOKEN	BOARD OF MANAGERS	13.0	Director	$0	$170,000	$275,000
JAMES KATZMAN	BOARD OF MANAGERS	5.0	Director	$0	$275,000	$275,000
STEPHEN VALENTINE	SR DIR QUALITY ASSURANCE	47.0	Highest	$201,096	$71,795	$272,891
JOHN J OSMOLINSKI	SR DIR CONSTRUCTION/FAC	50.5	Key Emp	$202,165	$65,738	$267,903
JASON SHARP	DEPUTY GENERAL COUNSEL	35.0	Highest	$210,223	$57,330	$267,553
JEFFERY JOHNSON	VP HUMAN RESOURCES	52.0	Officer	$218,164	$49,204	$267,368
MICHAEL BERNARDO	SR DIRECTOR IT AS OF 5/23	48.0	Key Emp	$195,939	$69,471	$265,410
DENISE L ALSTON DDS	DIR DENTAL SERVICES	55.0	Highest	$210,268	$45,314	$255,582
SEAN MARTIN CONCANNON	Deputy General Counsel	35.0	Highest	$215,167	$33,834	$249,001
JEFFREY C PERALES	HEAD ELEMENTARY DIVISION	50.0	Key Emp	$178,861	$65,024	$243,885
SOLEIL CARRION DEL TORO	VP FIN/SHARED SRVCS AS OF 8/23	55.0	Officer	$177,949	$57,999	$235,948
NATHANIEL MARTIN	HEAD OF SENIOR DIVISION	55.0	Key Emp	$172,382	$60,488	$232,870
Maria Kraus	Board of Managers	7.0	Director	$0	$106,484	$227,248
RENEE HOLLOMAN	VP OF HR AS OF 6/23	50.0	Officer	$184,655	$41,793	$226,448
KRISTINA PAE	VP OF COMM AND MARKETING	60.0	Officer	$143,772	$52,647	$196,419
MATTHEW JACOLIK	INTERIM TREASURER UNTIL 7/19	41.0		$0	$36,654	$195,227
CAROL DANZ	ASSISTANT SECRETARY	42.0	Officer	$0	$41,285	$149,589
AMY MARSH	BOARD OF MANAGERS	8.0	Director	$0	$0	$146,652
DAN KATZIR	BOARD OF MANAGERS	5.0	Director	$0	$0	$146,652
Jason Wolfe	Board of Managers	4.0	Director	$0	$0	$137,718
DAVID SALTZMAN	Board of Managers	3.0	Director	$0	$0	$136,652
JAN L BERGEN	BOARD OF MANAGERS	4.0	Director	$0	$0	$136,652
Melissa L Fullmore	Board of Managers	3.0	Director	$0	$0	$136,652
Michela English	Board of Managers	3.0	Director	$0	$0	$136,652
CORDEL ROBBIN-COKER	BOARD OF MANAGERS, TREASURER	3.0	Officer Director	$0	$0	$136,652
Michelle M Figlar	Board of Managers	3.0	Director	$0	$0	$136,652
Harold Singleton	Board of Managers	4.0	Director	$0	$0	$136,652
HERSHEY TRUST COMPANY	TRUSTEE	0.0		$1,000	$0	$1,000

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
2024	$814,024,634	$370,083,636	$23,436,170,448	$443,940,998
2023	$888,151,749	$369,033,710	$24,230,059,234	$519,118,039
2022	$1,457,721,371	$309,172,162	$23,523,788,782	$1,148,549,209
2021	$1,016,985,702	$303,768,377	$21,433,370,695	$713,217,325
2020	$461,991,595	$286,579,217	$17,395,898,597	$175,412,378
2019	$1,441,237,383	$305,866,789	$17,659,493,213	$1,135,370,594
2018	$1,069,365,152	$284,715,426	$14,034,640,162	$784,649,726

MILTON HERSHEY SCHOOL AND SCHOOL TRUST