The Principia Corporation (EIN 430652667) - 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

1912

Legal Domicile

Phone

3144342100

Tax Period

2024-07-01 to 2025-06-30

The Principia Corporation, founded in 1912, is a major nonprofit in the Education sector that reported $158.2M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44.7M, a strong 28% operating margin.

Mission

THE PRINCIPIA SHALL SEEK TO SERVE THE CAUSE OF CHRISTIAN SCIENCE THROUGH APPROPRIATE CHANNELS OPEN TO IT AS AN EDUCATIONAL INSTITUTION.

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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 $36,434,000

Program Service Revenue $28,284,288

Investment Income $90,594,125

Other Revenue $2,920,894

TOTAL REVENUE $158,233,307

Expense Breakdown

Grants Paid $16,734,657

Salaries & Benefits $52,673,413

Fundraising Expenses $4,856,710

Program Expenses $84,627,292

Other Expenses $44,092,257

TOTAL EXPENSES $113,512,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,233,307	$111,330,444	+0.4%
Expenses	$113,512,077	$108,287,496	+0.0%
Net Income	$44,721,230	$3,042,948	+13.7%

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

1160

Volunteers

413

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

$2,571,867

Total Directors

$9,000

Key Employees

$892,472

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
D Stephen DeWindt	VICE CHAIR (thru June 7, 2025)	5.0	Officer Director	$0	$0	$0
David Walters	Treasurer	5.0	Officer Director	$0	$0	$0
Kristin Jamerson	Board Chair (begin June 8, 2025)	10.0	Officer Director	$0	$0	$0
Liz Crow	TRUSTEE / EXEC COMM MEMBER-AT-LARGE	5.0	Officer Director	$0	$0	$0
Patricia Sarkisian	Secretary	5.0	Officer Director	$0	$0	$0
Scott L Schneberger	BOARD CHAIR (thru June 7, 2025), TRUSTEE	10.0	Officer Director	$0	$0	$0
Todd Boyman	VICE CHAIR (Begin June 8, 2025)	5.0	Officer Director	$0	$0	$0
Ann Austin	Trustee (begin June 2025)	5.0	Director	$0	$0	$0
Chestnut Booth	Trustee	5.0	Director	$0	$0	$0
Elisabeth Brinton	Trustee	5.0	Director	$0	$0	$0
Gavin Campbell	Trustee	5.0	Director	$0	$0	$0
Ian Forber-Pratt	Trustee	5.0	Director	$0	$0	$0
Inez Maubane Jones	Trustee	5.0	Director	$0	$0	$0
Lisle S Stigler	Trustee	5.0	Director	$0	$0	$0
Michael Distel	Trustee (through Aug 16, 2024)	5.0	Director	$0	$0	$0
Terry McNabb	Trustee	5.0	Director	$9,000	$0	$9,000
Barbara Blackwell	Chief Executive	40.0	Officer	$306,539	$129,871	$436,410
Daniel Norton	College President	40.0	Officer	$268,483	$83,561	$352,044
Donald D Miller	Assistant Secretary/ Assist. CFO	40.0	Officer	$194,245	$8,635	$202,880
Edward McCarty	Assist. Secretary/Director of Principal Gifts	40.0	Officer	$149,166	$33,030	$182,196
Hans Fredrikson	Chief Investment Officer	40.0	Officer	$300,156	$23,547	$323,703
Julie Holser	Assistant Secretary/Controller	40.0	Officer	$140,327	$32,811	$173,138
Lee Barron	Assistant Secretary/General Counsel	40.0	Officer	$231,732	$30,455	$262,187
Merry Sorrells	Head of School	40.0	Officer	$282,650	$70,119	$352,769
Thomas Nickell	CFO/COO	40.0	Officer	$269,134	$17,406	$286,540
Joy Fowler	College Chief Operations Officer (thru March 1, 2025)	40.0	Key Emp	$153,806	$39,960	$193,766
Samantha Dry	Principal, Upper School and Middle School	40.0	Key Emp	$197,152	$26,588	$223,740
Sarah Neale Rand	Chief Advancement, Marketing and Communications Officer	40.0	Key Emp	$196,128	$59,389	$255,517
Tamara Gavaletz	Director of School Business Ops	40.0	Key Emp	$162,182	$57,267	$219,449
Brian Roberts	Assoc Dean of Academic Assessment & Curriculum	40.0	Highest	$152,802	$31,707	$184,509
Elise Crow	Legal Advisor/Attorney	40.0	Highest	$149,127	$60,849	$209,976
Jennifer Silver	Chief Human Resources Officer	40.0	Highest	$155,999	$70,935	$226,934
Steven Stock	Director of Facilities	40.0	Highest	$150,143	$16,504	$166,647
Terry Grigsby	Assistant Head of School for Enrollment Management	40.0	Highest	$166,336	$30,248	$196,584
Robert MacDonald	Former Trustee	0.0		$52,100	$0	$52,100

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	$158,233,307	$113,512,077	$1,286,700,453	$44,721,230
2024	No data	No data	No data	No data
2023	$85,500,016	$101,062,746	$1,138,240,701	$-15,562,730
2022	$256,921,200	$92,064,990	$1,121,774,918	$164,856,210
2021	$108,938,341	$91,217,651	$1,062,983,927	$17,720,690
2020	$93,673,823	$92,306,242	$874,970,222	$1,367,581
2019	$101,259,657	$93,589,803	$878,107,421	$7,669,854
2018	$89,880,630	$94,344,488	$874,178,798	$-4,463,858

The Principia Corporation