WALDORF SCHOOL ASSOCIATION OF THE DELAWARE RIVER VALLEY (EIN 232704723) - 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

1992

Legal Domicile

Principal Officer

MICHELLE BERRONG

Phone

6109825606

Tax Period

2022-07-01 to 2023-06-30

WALDORF SCHOOL ASSOCIATION OF THE DELAWARE RIVER VALLEY, founded in 1992, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2022. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 50% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO CREATE, NURTURE, AND MAINTAIN A HEALTHY, THRIVING, AND AFFORFABLE SCHOOL FOR IT'S COMMUNITY AND CHILDREN. THE ORGANIZATION WAS FOUNDED UPON RUDOLF STIENER'S WALDORF EDUCATIONAL PHILOSOPHY; TO ENCOURAGE AND MAINTAIN A HIGH DEGREE OF PERSONAL INTEGRITY,RESPONSIBILITY, AND SPIRITUAL AWARENESS IN ALL INTERACTIONS OF OUR ORGANIZATION; AND TO BE COMMITTED PARTICIPANTS IN OUR OWN EDUCATIONAL PROCESS BY PROVIDING OPPORTUNITIES FOR ENHANCED LEARNING AND PERSONAL GROWTH FOR OURSELVES AND OUR COMMUNITY.

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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 $152,970

Program Service Revenue $1,233,731

Investment Income $1,244

Other Revenue $36,504

TOTAL REVENUE $1,424,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,464,625

Fundraising Expenses $68,826

Program Expenses $1,531,187

Other Expenses $667,405

TOTAL EXPENSES $2,132,030

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,424,449	$4,025,793	-0.6%
Expenses	$2,132,030	$1,913,912	+0.1%
Net Income	$-707,581	$2,111,881	-1.3%

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

N/A

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

Total Directors

$192,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER SHERMAN	BD OF TRUSTE	40.00	Director	$90,900	$0	$90,900
MOLLY WATSON	BD OF TRUSTE	40.00	Director	$55,655	$0	$55,655
MELODY BIRDSONG-SHUBERT	BD OF TRUSTE	40.00	Director	$46,005	$0	$46,005
MICHELLE BERRONG	PRESIDENT	20.00	Officer Director	$0	$0	$0
JEF BETZ	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS BURKE	BD OF TRUSTE	1.00	Director	$0	$0	$0
TOM CHIARELLA	BD OF TRUSTE	1.00	Director	$0	$0	$0
ALESSANDRO DICANDIA	BD OF TRUSTE	1.00	Director	$0	$0	$0
KELLY HENRIQUES	BD OF TRUSTE	1.00	Officer Director	$0	$0	$0
BILL MURPHY	BD OF TRUSTE	1.00	Director	$0	$0	$0
MICHAEL SULLIVAN	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID WILLEY	VICE PRESIDE	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$1,424,449	$2,132,030	$4,340,080	$-707,581
2022	$4,025,793	$1,913,912	$5,718,386	$2,111,881
2021	$1,417,379	$1,849,557	$2,837,061	$-432,178
2020	$1,698,524	$1,730,257	$2,838,251	$-31,733

WALDORF SCHOOL ASSOCIATION OF THE DELAWARE RIVER VALLEY