CARROLLWOOD DAY SCHOOL EDUCATION INC (EIN 311581952) - 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

1998

Legal Domicile

Principal Officer

MICHAEL BABB

Phone

8139202288

Tax Period

2023-07-01 to 2024-06-30

CARROLLWOOD DAY SCHOOL EDUCATION INC, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $30.2M in total revenue in fiscal year 2023. Expenses of $29.1M left a modest 4% surplus.

Mission

CARROLLWOOD DAY SCHOOL'S MISSION IS TO CREATE ENTREPRENEURIAL THINKERS FOR A GLOBAL SOCIETY. WE PROVIDE STRONG CHARACTER-BASED EDUCATION EMPHASIZING PROBLEM-SOLVING SKILLS AND PHILANTHROPIC UNDERSTANDING. OUR STUDENTS ARE PREPARED TO BE WORLD LEADERS USING AN INTERNATIONAL BACCALAUREATE CURRICULUM, CUTTING-EDGE TECHNOLOGY, CREATIVE ARTS, AND COMPETITIVE ATHLETICS. MOST IMPORTANTLY, CARROLLWOOD DAY SCHOOL FOSTERS THE DEVELOPMENT OF THE ENTIRE STUDENT NOT ONLY IN ACADEMICS, BUT ALSO ETHICALLY, EMOTIONALLY, AND THROUGH SOCIAL EXPERIENCE. OUR GOAL IS TO HELP STUDENTS DISCOVER THEIR OWN TALENTS AND INTERESTS AND USE THESE TO BETTER THE WORLD AND THEMSELVES.

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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 $917,046

Program Service Revenue $28,265,835

Investment Income $766,762

Other Revenue $236,709

TOTAL REVENUE $30,186,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,802,777

Fundraising Expenses $557,634

Program Expenses $25,750,659

Other Expenses $10,276,183

TOTAL EXPENSES $29,078,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,186,352	$30,490,670	0.0%
Expenses	$29,078,960	$24,611,618	+0.2%
Net Income	$1,107,392	$5,879,052	-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

385

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

$242,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BABB	CHAIR	5.00	Officer Director	$0	$0	$0
ANDY SCAGLIONE	TRUSTEE	5.00	Director	$0	$0	$0
KARI WAGNER	3RD VICE-CHA	5.00	Officer Director	$0	$0	$0
LIZ MILLER	TREASURER	5.00	Officer Director	$0	$0	$0
LISETTE GONZALEZ	TRUSTEE	5.00	Director	$0	$0	$0
DAVID GRIMSICH	TRUSTEE	5.00	Director	$0	$0	$0
TRACY HUNT	TRUSTEE	5.00	Director	$0	$0	$0
NICOLE HASSELBACH	2ND VICE-CHA	5.00	Officer Director	$0	$0	$0
JOEL OHMAN	TRUSTEE	5.00	Director	$0	$0	$0
SHALIN SHAH	TRUSTEE	5.00	Director	$0	$0	$0
SHAYNE STOKES	TRUSTEE	5.00	Director	$0	$0	$0
JONATHAN ZAGER	TRUSTEE	5.00	Director	$0	$0	$0
DHVANIT A PATEL	TRUSTEE	5.00	Director	$0	$0	$0
LARRY PITTMAN	CFO	40.00	Officer	$242,000	$0	$242,000
SARA RUBINSTEIN	HEAD OF SCHO	40.00	Highest	$350,000	$0	$350,000
TIMOTHY WALSH	ASST HEAD	40.00	Highest	$140,000	$0	$140,000
MICHELLE ROBINSON	DIR OF INST	40.00	Highest	$135,000	$0	$135,000
CHRIS BALL	1ST VICE-CHA	5.00	Officer Director	$0	$0	$0
CHERYL FISHER	TRUSTEE	5.00	Director	$0	$0	$0
TERRY MULLANE	TRUSTEE	5.00	Director	$0	$0	$0
DAWN WILSON	LS HEAD	40.00	Highest	$135,000	$0	$135,000
LEN BABBITT	TRUSTEE	5.00	Director	$0	$0	$0
VANESSA BERGIN	TRUSTEE	5.00	Director	$0	$0	$0
TONY COLEMAN	TRUSTEE	5.00	Director	$0	$0	$0
PAIGE CULLEN	TRUSTEE	5.00	Director	$0	$0	$0
ARTY GIALLOURAKIS	TRUSTEE	5.00	Director	$0	$0	$0
BRANDAN TEAGUE	TRUSTEE	5.00	Director	$0	$0	$0
JUSTIN WILSON	TRUSTEE	5.00	Director	$0	$0	$0
BARRY CHAMBERLIN	ATHLETIC DIR	40.00	Highest	$140,000	$0	$140,000

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	$30,186,352	$29,078,960	$58,998,952	$1,107,392
2023	$30,490,670	$24,611,618	$55,424,377	$5,879,052
2022	$26,534,017	$21,324,782	$47,766,814	$5,209,235
2021	$20,567,249	$19,017,695	$44,857,641	$1,549,554
2020	$19,803,380	$18,721,565	$36,473,569	$1,081,815
2019	$20,072,273	$18,895,232	$32,673,761	$1,177,041
2018	$18,322,700	$17,834,807	$32,739,346	$487,893

CARROLLWOOD DAY SCHOOL EDUCATION INC