SHORECREST PREPARATORY SCHOOL INC (EIN 237412158) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1923

Legal Domicile

Principal Officer

NANCY SPENCER

Phone

7275222111

Tax Period

2023-07-01 to 2024-06-30

SHORECREST PREPARATORY SCHOOL INC, founded in 1923, is a mid-sized nonprofit in the Education sector that reported $37.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $33.4M left a modest 11% surplus.

Mission

SPS IS A COLLEGE PREPARATORY SCHOOL THAT EDUCATES LIFELONG LEARNERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,785,096

Program Service Revenue $33,102,650

Investment Income $1,381,115

Other Revenue $58,309

TOTAL REVENUE $37,327,170

Expense Breakdown

Grants Paid $2,322,009

Salaries & Benefits $19,117,776

Fundraising Expenses $823,715

Program Expenses $28,734,987

Other Expenses $11,930,778

TOTAL EXPENSES $33,370,563

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,327,170	$34,222,865	+0.1%
Expenses	$33,370,563	$30,305,411	+0.1%
Net Income	$3,956,607	$3,917,454	+0.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

320

Volunteers

100

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

$616,496

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM T CONROY	CHAIR	1.00	Officer Director	$0	$0	$0
PAMELA H GREACEN	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW FREY	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREA SILVERMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
REBECCA ARMACOST	TRUSTEE	1.00	Director	$0	$0	$0
MOHIT BANSAL	TRUSTEE	1.00	Director	$0	$0	$0
ADAM BEFELER	TRUSTEE	1.00	Director	$0	$0	$0
DARLA BROWNING-HUTTON	TRUSTEE	1.00	Director	$0	$0	$0
JEFF FREEDMAN	TRUSTEE	1.00	Director	$0	$0	$0
CORY G GAFFNEY	TRUSTEE	1.00	Director	$0	$0	$0
NATALIE GEBICKE	TRUSTEE	1.00	Director	$0	$0	$0
JASON GREEN	TRUSTEE	1.00	Director	$0	$0	$0
ALEX LAVOIE	TRUSTEE	1.00	Director	$0	$0	$0
ISAAC MCKINNEY III	TRUSTEE	1.00	Director	$0	$0	$0
ADAM PRAWER	TRUSTEE	1.00	Director	$0	$0	$0
JENINE RABIN	TRUSTEE	1.00	Director	$0	$0	$0
SARAH L RIBEIRO	TRUSTEE	1.00	Director	$0	$0	$0
BRENT RICHARD	TRUSTEE	1.00	Director	$0	$0	$0
DAVID VETTER	TRUSTEE	1.00	Director	$0	$0	$0
SHERRY WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
NANCY SPENCER	HEAD OF SCHOOL	40.00	Officer	$345,556	$41,388	$386,944
LISA WYLIE	CFO	40.00	Officer	$214,861	$14,691	$229,552
MICHAEL GILLIS	DIRECTOR OF ADVANCEMENT	40.00	Highest	$164,929	$34,207	$199,136
ANTHONY MCCALL	DIRECTOR OF ATHLETICS	40.00	Highest	$142,576	$23,450	$166,026
LISA BIANCO	HEAD OF LOWER SCHOOL	40.00	Highest	$125,275	$10,723	$135,998
KRISTINE GRANT	HEAD OF MIDDLE SCHOOL	40.00	Highest	$121,074	$24,471	$145,545
MARCUS HOLMES	DIRECTOR OF FACILITIES	40.00	Highest	$118,735	$7,853	$126,588

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	No data	No data	No data	No data
2024	$37,327,170	$33,370,563	$94,739,109	$3,956,607
2023	$34,222,865	$30,305,411	$87,773,351	$3,917,454
2022	$30,198,380	$27,243,250	$81,259,238	$2,955,130
2021	$31,088,595	$24,824,328	$80,992,494	$6,264,267
2020	$27,770,033	$24,870,329	$66,227,534	$2,899,704
2019	$28,363,403	$23,759,188	$65,537,279	$4,604,215

SHORECREST PREPARATORY SCHOOL INC