ROYCEMORE 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

1915

Legal Domicile

Principal Officer

CHRISTOPHER ENGLISH

Phone

8478666055

Tax Period

2022-07-01 to 2023-06-30

ROYCEMORE SCHOOL, founded in 1915, is a community nonprofit in the Education sector that reported $9.8M in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 18% operating margin.

Mission

OUR DIVERSE AND INTIMATE COMMUNITY, ROOTED IN ACADEMIC EXCELLENCE, INSPIRES EACH STUDENT TO DISCOVER THEIR PASSIONS, THINK WITHOUT LIMITS, FIND THEIR VOICE, AND LIVE COURAGEOUSLY.

Program Service Accomplishments

Program 1

Expenses: $6,711,475 Revenue: $7,554,611

ROYCEMORE SCHOOL OPERATES AS AN INDEPENDENT, NON-SECTARIAN, NONPROFIT, INTENTIONALLY SMALL SCHOOL THAT INCLUDES PRE-KINDERGARTEN (THREE-YEAR OLDS) THROUGH TWELFTH GRADE. FOCUSING ON THE "SMALL SCHOOL EQUATION," THE SCHOOL DELIVERS STRONG ACADEMIC STANDARDS IN AN ENVIRONMENT THAT FOSTERS POSITIVE TEACHER-TO-STUDENT AND PEER-TO-PEER RELATIONSHIPS IN THE LEARNING PROCESS. CURRICULUM INCLUDES THE LEARNING SPHERES OF ACADEMIC, SOCIAL-EMOTIONAL LEARNING, AND CITIZENSHIP. WITH A COMMITMENT TO DIVERSITY, EQUITY, INCLUSION, AND BELONGING, THE SCHOOL'S PROGRAM BRINGS TOGETHER DIVERSE CULTURES AND IDENTITIES TO DEVELOP UNDERSTANDING, EMPATHY, AND PROBLEM SOLVING STRATEGIES. ONE HUNDRED PERCENT OF GRADUATES ARE ACCEPTED INTO COLLEGE, UNIVERSITY, OR OTHER POST-SECONDARY LEARNING OPPORTUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,006,497

Program Service Revenue $7,518,042

Investment Income $12,712

Other Revenue $227,060

TOTAL REVENUE $9,764,311

Expense Breakdown

Grants Paid $1,439,842

Salaries & Benefits $4,414,414

Fundraising Expenses $147,693

Program Expenses $6,711,475

Other Expenses $2,124,775

TOTAL EXPENSES $7,979,031

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,764,311	$7,853,184	+0.2%
Expenses	$7,979,031	$6,747,550	+0.2%
Net Income	$1,785,280	$1,105,634	+0.6%

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

$385,096

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN SHEIL SCHEIDT	CHAIR	4.00	Officer Director	$0	$0	$0
NICOLE WOODWARD ILIEV	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH PERGAMENT	TRUSTEE	1.00	Director	$0	$0	$0
CANDACE RISEN	TRUSTEE	1.00	Director	$0	$0	$0
MAIREAD REIDY	TRUSTEE	1.00	Director	$0	$0	$0
BESSIE NA MBADUGHA	TRUSTEE	1.00	Director	$0	$0	$0
DR TERRY GDOUTOS	TRUSTEE	1.00	Director	$0	$0	$0
VICTORIA FROMM	SECRETARY	4.00	Officer Director	$0	$0	$0
ALEKSANDRA EGELJA MARUSZEWSKI	TRUSTEE	1.00	Director	$0	$0	$0
TIM COSTELLO	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL D ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN FOOTE	TREASURER	4.00	Officer Director	$0	$0	$0
ANTHONY CHAMBERS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ANITA SHAH	TRUSTEE	1.00	Director	$0	$0	$0
BARRY PRAEUNER	TRUSTEE	1.00	Director	$0	$0	$0
BRIANNA SYLVER	TRUSTEE	1.00	Director	$0	$0	$0
LINDA REED	TRUSTEE	1.00	Director	$0	$0	$0
MARISA DE LA TORRE	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER ENGLISH	HEAD OF SCHOOL	50.00	Officer	$240,000	$40,096	$280,096
VICKY PICKETT	DIRECTOR OF FINANCE	50.00	Officer	$100,000	$5,000	$105,000

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	No data	No data	No data	No data
2023	$9,764,311	$7,979,031	$15,363,837	$1,785,280
2022	$7,853,184	$6,747,550	$14,313,486	$1,105,634
2021	$7,960,339	$6,253,564	$12,981,481	$1,706,775
2020	$6,505,186	$6,449,982	$12,602,496	$55,204
2019	$5,980,222	$6,479,103	$13,098,405	$-498,881
2018	$8,812,809	$6,925,897	$13,834,337	$1,886,912