WARING SCHOOL INC (EIN 237123080) - 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

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

Quality education of children.

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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

WARING SCHOOL INC