PARNASSUS PREPARATORY SCHOOL

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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

2009

Legal Domicile

Principal Officer

KATHERINE GOOD

Phone

7634961416

Tax Period

2024-07-01 to 2025-06-30

PARNASSUS PREPARATORY SCHOOL, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $19.0M in total revenue in fiscal year 2024.

Mission

THE MISSION OF PARNASSUS PREPARATORY SCHOOL IS TO PROVIDE STUDENTS WITH A CLASSICAL EDUCATION, GROUNDED IN THE CLASSICAL TRIVIUM, THAT DEMANDS THEIR BEST IN INTELLECTUAL ACHIEVEMENT AND CHARACTER DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $16,494,792

PARNASSUS PREPARATORY SCHOOL SERVES A HIGHLY DIVERSE GROUP OF STUDENTS FROM AROUND THE NORTHWEST SUBURBS OF THE TWIN CITIES AND DEMANDS THEIR BEST IN INTELLECTUAL ACHIEVEMENT AND CHARACTER...

PARNASSUS PREPARATORY SCHOOL SERVES A HIGHLY DIVERSE GROUP OF STUDENTS FROM AROUND THE NORTHWEST SUBURBS OF THE TWIN CITIES AND DEMANDS THEIR BEST IN INTELLECTUAL ACHIEVEMENT AND CHARACTER DEVELOPMENT. THE SCHOOL'S ACADEMIC PROGRAM IS STRUCTURED THROUGH A CLASSICAL EDUCATION FRAMEWORK THAT IS CENTERED ON THE LIBERAL ARTS. PARNASSUS' PROGRAM ENGAGES STUDENTS IN LATIN, GREEK, ENGLISH LITERATURE, MATHEMATICS, SCIENCES, FORMAL LOGIC, PHILOSOPHY, SPANISH, HISTORY, GEOGRAPHY, ART,HISTORY, MUSIC, ARTS, AND THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.

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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 $18,531,049

Program Service Revenue $222,776

Investment Income $237,285

Other Revenue $9,046

TOTAL REVENUE $19,000,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,040,081

Fundraising Expenses $0

Program Expenses $16,494,792

Other Expenses $7,765,763

TOTAL EXPENSES $18,805,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,000,156	$18,510,542	+0.0%
Expenses	$18,805,844	$17,422,926	+0.1%
Net Income	$194,312	$1,087,616	-0.8%

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

166

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

$99,385

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY FRIESS	BOARD CHAIR AND TREASURER	10.00	Officer Director	$0	$0	$0
BENJAMIN ARK	VICE CHAIR DIRECTOR	10.00	Officer Director	$0	$0	$0
KENNETH ZIGRINO	SECRETARY	10.00	Officer Director	$0	$0	$0
BARBARA ROSE	DIRECTOR	40.00	Director	$76,953	$22,432	$99,385
SURBHI BARBER	DIRECTOR	10.00	Director	$0	$0	$0
CONSTANCE FORD	EXECUTIVE DIRECTOR	50.00	Highest	$186,990	$32,122	$219,112
KATHERINE GOOD	INTERIM EXECUTIVE DIRECTOR	50.00	Highest	$124,809	$34,993	$159,802

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	$19,000,156	$18,805,844	$12,702,443	$194,312
2024	No data	No data	No data	No data
2023	$17,090,519	$16,052,437	$13,536,734	$1,038,082
2022	$16,239,729	$15,805,767	$11,987,253	$433,962
2021	$15,070,425	$13,927,922	$12,185,042	$1,142,503
2020	$13,112,126	$13,840,832	$11,914,292	$-728,706
2019	$12,006,154	$10,617,859	$13,140,219	$1,388,295
2018	$11,251,782	$13,416,208	$13,858,505	$-2,164,426