THE PENNFIELD SCHOOL

EIN: 237131751 501(c)(3)

PORTSMOUTH, RI

Total Revenue
$4,159,400
Total Expenses
$4,455,887
Total Assets
$2,325,057
Net Assets
$1,230,752
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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
1970
Legal Domicile
RI
Principal Officer
PAUL AMADIO
Phone
4018494646
Tax Period
2024-07-01 to 2025-06-30

THE PENNFIELD SCHOOL, founded in 1970, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO CREATE AN INCLUSIVE COMMUNITY OF DEDICATED LEARNERS, WHERE STUDENTS ARE GIVEN A FOUNDATION AND APPRECIATION FOR THE JOYFUL PURSUITS OF UNDERSTANDING, WHILE FOSTERING RESPECT FOR ONESELF AND OTHERS AS A WAY OF LIFE.

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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 $472,465
Program Service Revenue $3,611,805
Investment Income $45,422
Other Revenue $29,708
TOTAL REVENUE $4,159,400

Expense Breakdown

Grants Paid $668,315
Salaries & Benefits $2,737,750
Fundraising Expenses $210,688
Program Expenses $3,221,976
Other Expenses $1,049,822
TOTAL EXPENSES $4,455,887

Year-over-Year Comparison

2024 2023 Change
Revenue $4,159,400 $3,316,094 +0.3%
Expenses $4,455,887 $3,810,064 +0.2%
Net Income $-296,487 $-493,970 -0.4%
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
16
Independent Members
15
Employees
67
Volunteers
50

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
5
$227,183
Total Directors
16
$11,310
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT OUELLETTE CHAIR 1.00
Officer Director
$0 $0 $0
CHRISTIAN MEKO VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL PIMENTAL TREASURER 1.00
Officer Director
$0 $0 $0
JOSH ROSENZWEIG SECRETARY 1.00
Officer Director
$0 $0 $0
DEBORAH BARTLETT TRUSTEE 1.00
Director
$0 $0 $0
JOHN CIUMMO TRUSTEE 1.00
Director
$11,310 $0 $11,310
JULIE CHASE CONNETT TRUSTEE 1.00
Director
$0 $0 $0
COURTNEY HALVORSEN TRUSTEE 1.00
Director
$0 $0 $0
GREG KIELY TRUSTEE 1.00
Director
$0 $0 $0
KEITH MANVILLE TRUSTEE 1.00
Director
$0 $0 $0
TED SCHOLHAMER TRUSTEE 1.00
Director
$0 $0 $0
ELISABETH SWAIN TRUSTEE 1.00
Director
$0 $0 $0
DAVID WILSON TRUSTEE 1.00
Director
$0 $0 $0
PAUL AMADIO HEAD OF SCHO 40.00
Officer
$179,039 $48,144 $227,183
RACHEL FOLAN TRUSTEE 1.00
Director
$0 $0 $0
CARA MASSEY TRUSTEE 1.00
Director
$0 $0 $0
JAY SILVESTRI TRUSTEE 1.00
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 $4,159,400 $4,455,887 $2,325,057 $-296,487
2024 No data No data No data No data
2023 $3,486,278 $3,493,336 $2,669,340 $-7,058
2022 $2,854,578 $2,937,275 $2,645,147 $-82,697
2021 $3,553,076 $2,936,947 $2,847,566 $616,129
2020 $3,671,380 $3,772,023 $5,511,564 $-100,643
2019 $4,107,262 $4,200,177 $5,421,766 $-92,915
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