WATERFORD SCHOOL HOLDING CORPORATION (EIN 274865865) - 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

2011

Legal Domicile

Principal Officer

GREG MILES

Phone

8015721780

Tax Period

2023-09-01 to 2024-08-31

WATERFORD SCHOOL HOLDING CORPORATION, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $39.1M in total revenue in fiscal year 2023. Expenses of $34.4M left a modest 12% surplus.

Mission

OPERATE A PRE-K TO GRADE 12 INDEPENDENT SCHOOL

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,246,270

Program Service Revenue $32,287,748

Investment Income $458,794

Other Revenue $124,464

TOTAL REVENUE $39,117,276

Expense Breakdown

Grants Paid $3,531,115

Salaries & Benefits $21,549,567

Fundraising Expenses $787,759

Program Expenses $29,401,654

Other Expenses $9,269,883

TOTAL EXPENSES $34,350,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,117,276	$37,352,085	+0.0%
Expenses	$34,350,565	$32,223,920	+0.1%
Net Income	$4,766,711	$5,128,165	-0.1%

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

428

Volunteers

475

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

$714,270

Total Directors

$478,430

Key Employees

$589,060

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHANTAL DOLAN	TRUSTEE	3.00	Director	$0	$0	$0
ERIC HUEFNER	BOARD CHAIR	6.00	Director	$0	$0	$0
RON MIKA	TRUSTEE	3.00	Director	$0	$0	$0
STEVE MILLER	TRUSTEE	3.00	Director	$0	$0	$0
JB TAYLOR	TRUSTEE	3.00	Director	$0	$0	$0
ANDREW MENKE	HEAD OF SCHOOL	55.00	Officer Director	$446,491	$31,939	$478,430
AARON AIZAD	TRUSTEE	3.00	Director	$0	$0	$0
HEATHER SCOTT	TRUSTEE	3.00	Director	$0	$0	$0
BLAKE MURRAY	TRUSTEE	3.00	Director	$0	$0	$0
BEA WASHINGTON	TRUSTEE	3.00	Director	$0	$0	$0
HEATHER ZYNCZAK	TRUSTEE	3.00	Director	$0	$0	$0
MATT CULBERSON	TRUSTEE	3.00	Director	$0	$0	$0
JAMIE HOLDEN	TRUSTEE	3.00	Director	$0	$0	$0
SUNNY SANYAL	TRUSTEE	3.00	Director	$0	$0	$0
NATE WALKINGSHAW	TRUSTEE	3.00	Director	$0	$0	$0
GREG MILES	CHIEF FINANCIAL OFFICER	55.00	Officer	$201,753	$34,087	$235,840
TODD WINTERS	DIRECTOR OF ADVANCEMENT	55.00	Key Emp	$204,587	$34,286	$238,873
BRANDON BENNETT	ASSOCIATE HEAD OF SCHOOL	55.00	Key Emp	$183,686	$10,634	$194,320
MELANIE BATTISTONE	LOWER SCHOOL HEAD	55.00	Key Emp	$146,525	$9,342	$155,867
DARREN BECK	IT DIRECTOR	44.00	Highest	$141,904	$30,930	$172,834
KATHY MORRIS	MUSIC DEPARTMENT CHAIR	45.00	Highest	$154,056	$17,585	$171,641
CHARLES ROSETT	ENGLISH TEACHER	45.00	Highest	$121,992	$21,967	$143,959
JAMES HARRIS	SCIENCE TEACHER	45.00	Highest	$117,755	$28,349	$146,104
NANCY WOLLER	LIBERAL ARTS CHAIR	45.00	Highest	$114,334	$14,090	$128,424

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
2024	$39,117,276	$34,350,565	$97,409,886	$4,766,711
2023	$37,352,085	$32,223,920	$90,127,433	$5,128,165
2022	$38,316,741	$28,243,718	$81,474,052	$10,073,023
2021	$34,068,333	$25,309,362	$48,815,478	$8,758,971
2020	$26,122,549	$24,393,595	$35,882,761	$1,728,954
2019	$23,771,704	$23,041,298	$31,569,208	$730,406
2018	$22,532,896	$22,049,311	$29,577,768	$483,585

WATERFORD SCHOOL HOLDING CORPORATION