SYNAPSE SCHOOL (EIN 460631841) - 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

2012

Legal Domicile

Principal Officer

KAREN MCCOWN

Phone

6502944570

Tax Period

2024-07-01 to 2025-06-30

SYNAPSE SCHOOL, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $23.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

SYNAPSE USES LEARNING, ACADEMICS AND INNOVATION TO TURN GIFTED LEARNERS INTO CHANGE MAKERS.

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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 $5,420,686

Program Service Revenue $17,188,181

Investment Income $384,643

Other Revenue $847,130

TOTAL REVENUE $23,840,640

Expense Breakdown

Grants Paid $1,854,575

Salaries & Benefits $12,672,663

Fundraising Expenses $191,954

Program Expenses $18,987,561

Other Expenses $10,466,938

TOTAL EXPENSES $24,994,176

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,840,640	$21,522,681	+0.1%
Expenses	$24,994,176	$23,499,421	+0.1%
Net Income	$-1,153,536	$-1,976,740	-0.4%

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

102

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

$745,147

Total Directors

Key Employees

$231,588

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANABEL JENSEN	BOARD MEMBER	10.00	Director	$0	$0	$0
ANN MCCORMICK	BOARD MEMBER	10.00	Director	$0	$0	$0
GEORGE MCCOWN	TREASURER	10.00	Officer Director	$0	$0	$0
JENNIFER KITT	BOARD MEMBER	10.00	Director	$0	$0	$0
KAREN MCCOWN	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
RAJA KAPADIA	BOARD MEMBER	10.00	Director	$0	$0	$0
RUSSELL RYDEL	BOARD MEMBER	10.00	Director	$0	$0	$0
VALENTINA EMBENI	BOARD MEMBER	10.00	Director	$0	$0	$0
SUSAN SOLINSKY	BOARD MEMBER	10.00	Director	$0	$0	$0
POOJA MITTAL	BOARD MEMBER	10.00	Director	$0	$0	$0
JIM EAGEN	HEAD OF SCHOOL	40.00	Officer	$669,591	$75,556	$745,147
ERIC STORY	CHIEF OPERATING OFFICER	40.00	Key Emp	$200,046	$31,542	$231,588
KATHERINE MORGAN	LS HEAD OF SCHOOL	40.00	Highest	$191,864	$28,996	$220,860
STEPHANIE SETO	MS HEAD OF SCHOOL	40.00	Highest	$188,256	$23,614	$211,870
MAY DUONG	DIRECTOR, SOCIAL EMOTIONAL LEARNING	40.00	Highest	$163,311	$28,032	$191,343
BRIAN BICKNELL	TEACHER	40.00	Highest	$161,445	$14,312	$175,757
DANA STORY	DIRECTOR, ADMISSIONS	40.00	Highest	$175,754	$8,788	$184,542

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	$23,840,640	$24,994,176	$64,389,776	$-1,153,536
2024	$21,522,681	$23,499,421	$65,509,326	$-1,976,740
2023	$24,470,263	$21,484,369	$67,307,050	$2,985,894
2022	$17,804,582	$19,641,240	$20,865,494	$-1,836,658
2021	$17,078,899	$17,523,944	$20,691,097	$-445,045
2020	$13,497,542	$14,193,007	$18,151,143	$-695,465
2019	$12,734,347	$11,640,015	$15,447,242	$1,094,332
2018	$11,632,168	$10,005,754	$13,449,485	$1,626,414

SYNAPSE SCHOOL