VALLEY SCHOOL OF LIGONIER (EIN 250925088) - 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

1947

Legal Domicile

Principal Officer

CATHARINE CATHEY

Phone

7242385015

Tax Period

2024-07-01 to 2025-06-30

VALLEY SCHOOL OF LIGONIER, founded in 1947, is a community nonprofit in the Education sector that reported $9.8M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $35.8M represent 44 months of operating reserves.

Mission

TO PROVIDE EDUCATION FOR STUDENTS IN GRADES K-8

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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 $3,553,471

Program Service Revenue $4,172,655

Investment Income $1,808,305

Other Revenue $236,315

TOTAL REVENUE $9,770,746

Expense Breakdown

Grants Paid $1,567,254

Salaries & Benefits $5,478,754

Fundraising Expenses $367,221

Program Expenses $8,081,345

Other Expenses $3,518,753

TOTAL EXPENSES $10,564,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,770,746	$10,891,118	-0.1%
Expenses	$10,564,761	$10,199,796	+0.0%
Net Income	$-794,015	$691,322	-2.1%

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

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

$432,788

Total Directors

$280,301

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHARINE CATHEY	PRESIDENT	6.00	Officer Director	$0	$0	$0
DR ANTHONY P WILLIAMS	TRUSTEE	2.00	Director	$0	$0	$0
EDWARD MORGAN	TRUSTEE	2.00	Director	$0	$0	$0
ERIC ELEK	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER T WELTY	TRUSTEE	2.00	Director	$0	$0	$0
JESSICA L SHIREY	TRUSTEE	2.00	Director	$0	$0	$0
NATHANIAL MCCONNELL	TRUSTEE	2.00	Director	$0	$0	$0
LISA R FREDERICK	SECRETARY	2.00	Officer Director	$0	$0	$0
NATHANIEL D DEROSE	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK F KOCH	TRUSTEE	2.00	Director	$0	$0	$0
PAUL HANNAH	TREASURER	5.00	Officer Director	$0	$0	$0
RALPH ARTUSO	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
RYAN BUSCH	TRUSTEE	2.00	Director	$0	$0	$0
STEPHANIE A VAN NORMAN	TRUSTEE	2.00	Director	$0	$0	$0
JONATHAN STRECKER	HEAD OF SCHOOL	50.00	Officer Director	$208,973	$71,328	$280,301
MARY MEHALA	HEAD OF FINANCE AND OPERAT	40.00	Officer	$112,020	$40,467	$152,487
DAVID M KIRKLAND	UPPER SCHOOL HEAD	40.00	Highest	$103,113	$5,300	$108,413

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	$9,770,746	$10,564,761	$36,894,501	$-794,015
2024	$10,891,118	$10,199,796	$36,386,609	$691,322
2023	$7,990,841	$9,300,724	$35,647,401	$-1,309,883
2022	$8,204,810	$7,932,954	$34,980,810	$271,856
2021	$9,232,473	$7,063,474	$38,211,496	$2,168,999
2020	$5,551,119	$6,665,173	$32,177,816	$-1,114,054
2019	$6,074,069	$6,859,008	$33,039,758	$-784,939
2018	$7,669,435	$6,593,292	$33,920,213	$1,076,143

VALLEY SCHOOL OF LIGONIER