WARING SCHOOL INC

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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

1974

Legal Domicile

Principal Officer

JOHN WIGGLESWORTH

Phone

9789278793

Tax Period

2024-07-01 to 2025-06-30

WARING SCHOOL INC, founded in 1974, is a community nonprofit in the Education sector that reported $7.6M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

To create and sustain a community of lifelong learners who are working together for the individual and common good.

Program Service Accomplishments

Program 1

Expenses: $6,610,861 Revenue: $7,143,978

Waring School's education model cultivates the analytical mind and the expressive voice, at the individual and community level. A school driven by diverse ideas and a love of learning, Waring blends a progressive educational pedagogy with a rigorous liberal arts curriculum for grades 6 through 12. Students and the teachers are asked to take risks and stretch themselves. Waring's pedagogy challenges the traditional notion of a classroom through mixed-age experiences, experiential learning, travel and community service. Waring's educational process includes project based experiences such as camping trip and endterm, and has a comprehensive advisory/tutorial system of mixed ages. Classes are often discussion-based and built around a single table or circle.

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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 (2024)

Revenue Breakdown

Contributions & Grants $494,218

Program Service Revenue $6,774,628

Investment Income $180,762

Other Revenue $143,580

TOTAL REVENUE $7,593,188

Expense Breakdown

Grants Paid $1,634,532

Salaries & Benefits $3,993,818

Fundraising Expenses $286,250

Program Expenses $6,610,861

Other Expenses $2,647,736

TOTAL EXPENSES $8,276,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,593,188	$10,005,459	-0.2%
Expenses	$8,276,086	$7,803,095	+0.1%
Net Income	$-682,898	$2,202,364	-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

108

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

Total Directors

Key Employees

$271,031

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH JUTRAS	CHAIR	3.00	Officer Director	$0	$0	$0
CINDY KEEGAN	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JOHN WIGGLESWORTH	TREASURER	3.00	Officer Director	$0	$0	$0
I-HWEI WARNER	SECRETARY	3.00	Officer Director	$0	$0	$0
DENISE CLINTON	TRUSTEE	2.00	Director	$0	$0	$0
MARY COOKSON	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH GIBBONS	TRUSTEE	2.00	Director	$0	$0	$0
T PETER POUND	TRUSTEE	2.00	Director	$0	$0	$0
JUANITA PRESCOD	TRUSTEE	2.00	Director	$0	$0	$0
JESSICA DELFORGE ROSE	TRUSTEE	2.00	Director	$0	$0	$0
JONATHAN GRABOWSKI	TRUSTEE	2.00	Director	$0	$0	$0
JAN LINDSAY	TRUSTEE	2.00	Director	$0	$0	$0
ANN WEEKS	TRUSTEE	2.00	Director	$0	$0	$0
TIMOTHY BAKLAND	HEAD OF SCHOOL	40.00	Key Emp	$225,189	$45,842	$271,031
WILLIAM POTTER	DIRECTOR OF FINANCE & OPER	40.00	Highest	$137,671	$30,176	$167,847

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	$7,593,188	$8,276,086	$17,009,692	$-682,898
2024	$10,005,459	$7,803,095	$16,857,317	$2,202,364
2023	$7,428,243	$7,492,961	$17,235,229	$-64,718
2022	$6,473,453	$7,270,249	$16,386,369	$-796,796
2021	$6,934,696	$6,588,579	$18,901,394	$346,117
2020	$6,272,221	$6,537,856	$16,919,342	$-265,635
2019	$10,121,709	$6,580,749	$16,898,650	$3,540,960