CANTERBURY SCHOOL INC (EIN 351410931) - 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

1977

Legal Domicile

Phone

2604324728

Tax Period

2023-07-01 to 2024-06-30

CANTERBURY SCHOOL INC, founded in 1977, is a mid-sized nonprofit in the Education sector that reported $19.4M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $18.3M left a modest 5% surplus.

Mission

CANTERBURY AIMS TO DEVELOP STUDENTS WITH A STRONG BASE OF KNOWLEDGE, GENUINE APPRECIATION FOR THE CHALLENGES OF LEARNING, AND UNDERSTANDING THE IMPLICATIONS OF CHRISTIAN PRINCIPLES.

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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 $4,593,782

Program Service Revenue $14,678,766

Investment Income $0

Other Revenue $113,036

TOTAL REVENUE $19,385,584

Expense Breakdown

Grants Paid $3,342,947

Salaries & Benefits $11,120,907

Fundraising Expenses $254,330

Program Expenses $15,784,486

Other Expenses $3,866,142

TOTAL EXPENSES $18,329,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,385,584	$29,491,005	-0.3%
Expenses	$18,329,996	$17,394,601	+0.1%
Net Income	$1,055,588	$12,096,404	-0.9%

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

278

Volunteers

700

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

$397,815

Total Directors

$271,939

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES SURACK	CO-VICE CHAIR	1.0	Officer Director	$0	$0	$0
DAVID JACKSON	HEAD OF SCHOOL	50.0	Officer Director	$255,434	$16,505	$271,939
MATT BIERBAUM	CO-VICE CHAIR	1.0	Officer Director	$0	$0	$0
RACHEL STEINHOFER	SECRETARY	1.0	Officer Director	$0	$0	$0
SHANNON HARDIEK	TREASURER	1.0	Officer Director	$0	$0	$0
TODD JACOBS	CHAIR	1.0	Officer Director	$0	$0	$0
ARV SURENDRAN	TRUSTEE	1.0	Director	$0	$0	$0
BETH LIAPPLE	TRUSTEE	1.0	Director	$0	$0	$0
BROOKE STEWART	TRUSTEE	1.0	Director	$0	$0	$0
DARA SPEARMAN-WARDLOW	TRUSTEE	1.0	Director	$0	$0	$0
GREG SHERMAN	TRUSTEE	1.0	Director	$0	$0	$0
KATHRYN CALLEN	TRUSTEE	0.5	Director	$0	$0	$0
KELCI BURNHAM	TRUSTEE	1.0	Director	$0	$0	$0
KEVAN BIGGS	TRUSTEE	1.0	Director	$0	$0	$0
LAURENCE WEIGAND	TRUSTEE	1.0	Director	$0	$0	$0
LINDSAY CHAILLE	TRUSTEE	1.0	Director	$0	$0	$0
MOHAMMED GHAZALI	TRUSTEE	1.0	Director	$0	$0	$0
MOLLY JORGENSEN	TRUSTEE	1.0	Director	$0	$0	$0
NIKOLE CARVER	TRUSTEE	1.0	Director	$0	$0	$0
PETER NILSSON	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT CHENOWETH	TRUSTEE	1.0	Director	$0	$0	$0
SARA CRAIG	TRUSTEE	1.0	Director	$0	$0	$0
STEPHANIE FOOTE	TRUSTEE	1.0	Director	$0	$0	$0
STEVEN ZACHER	TRUSTEE	1.0	Director	$0	$0	$0
JERRY BELCHER	BUSINESS MANAGER	40.0	Officer	$112,431	$13,445	$125,876

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	$19,385,584	$18,329,996	$36,681,078	$1,055,588
2023	$29,491,005	$17,394,601	$27,369,305	$12,096,404
2022	$16,841,608	$17,513,591	$14,154,151	$-671,983
2022	$16,841,608	$17,513,591	$14,154,151	$-671,983
2021	$17,058,422	$17,632,707	$14,789,368	$-574,285
2020	$16,493,199	$18,301,164	$15,629,393	$-1,807,965
2019	$17,044,548	$18,548,621	$17,382,605	$-1,504,073
2018	$17,258,631	$18,959,106	$18,331,278	$-1,700,475

CANTERBURY SCHOOL INC