Lifespan School Solutions Inc dba … - Form 990 Financial Data

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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

2013

Legal Domicile

Principal Officer

Henry T Sachs III MD

Phone

4016064100

Tax Period

2023-10-01 to 2024-09-30

Lifespan School Solutions Inc dba The Bradley School, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $24.0M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

LSS serves as a regional provider of special education services to students, their families, and municipal school systems, and promotes the charitable, scientific, and educational purposes of Emma Pendleton Bradley Hospital (EPBH).

Program Service Accomplishments

Program 1

Expenses: $22,430,602 Revenue: $23,999,204

LSS, doing business as "The Bradley School" (the School), is comprised of six private, school-funded, day treatment educational programs located in Rhode Island (4) and Connecticut (2) for children and adolescents whose psychiatric and behavioral needs cannot be met in a public school setting. These programs are accredited by the Departments of Education of Rhode Island, Connecticut, and Massachusetts and serve between 375 to 410 students. The School provides special education services to school-age children and adolescents (ages 3-21) with psychiatric and/or developmental challenges, often presenting oppositional and disruptive classroom behaviors, as well as social and life skill difficulties. In addition, there are a number of partnerships with Rhode Island school districts, as Bradley School-staffed classrooms are embedded within public schools. (See also Schedule O)

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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 $0

Program Service Revenue $23,999,204

Investment Income $0

Other Revenue $7,203

TOTAL REVENUE $24,006,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,985,709

Fundraising Expenses $0

Program Expenses $22,430,602

Other Expenses $4,020,698

TOTAL EXPENSES $24,006,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,006,407	$25,572,304	-0.1%
Expenses	$24,006,407	$21,921,113	+0.1%
Net Income	$0	$3,651,191	-1.0%

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

304

Volunteers

N/A

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

$5,128,223

Total Directors

$1,671,478

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Fernandez	CEO	0.50	Officer	$0	$307,376	$2,456,122
Peter K Markell	EVP & CFO	0.50	Officer	$0	$18,928	$1,212,570
Henry T Sachs III MD	President	1.00	Officer Director	$0	$29,458	$797,201
Dale F Radka MD	Treasurer	40.00	Officer Director	$366,854	$49,286	$416,140
Patricia M Martins	Secretary	40.00	Officer Director	$212,630	$33,560	$246,190
Greta Francis PhD	Trustee	40.00	Director	$191,107	$20,840	$211,947
James A Brcak	Clinical Director	40.00		$163,726	$38,680	$202,406
Christina J Bellanti PhD	Psychologist	40.00		$157,802	$41,759	$199,561
Stephen Swartzlander	Clinical Director	40.00		$143,458	$18,220	$161,678
Melanie Dubard	Clinical Director	40.00		$129,008	$29,993	$159,001
Jamie L Hollenbeck	Clinical Director	40.00		$143,525	$9,648	$153,173
Thomas Anders MD	Trustee	0.10	Director	$0	$0	$0
Jozy Mainelli	Trustee	0.25	Director	$0	$0	$0

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	$24,006,407	$24,006,407	$10,473,082	No data
2023	$25,572,304	$21,921,113	$8,754,882	$3,651,191
2022	$22,461,048	$22,461,048	$8,628,546	No data
2021	$23,009,382	$23,009,382	$9,389,240	No data
2020	$23,457,516	$23,457,516	$7,647,317	No data
2019	$23,048,936	$23,048,936	$7,955,145	No data
2018	$22,125,325	$22,125,325	$7,974,578	No data

Lifespan School Solutions Inc dba The Bradley School