TERRA NOVA SCHOOL (EIN 465381834) - 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

2014

Legal Domicile

Principal Officer

GREG ZIMMERMAN

Phone

9528520129

Tax Period

2024-07-01 to 2025-06-30

TERRA NOVA SCHOOL, founded in 2014, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 9% surplus.

Mission

THE TERRA NOVA COMMUNITY FACILITATES AUTHENTIC LEARNING THROUGH DIVERSE EXPERIENCES, BUILDS LIFE(LONG) SKILLS, PROMOTES AUTONOMY FOR ALL, VALUES INNOVATION, IGNITES CURIOSITY AND PASSIONS, AND ADVOCATES FOR ENVIRONMENTAL

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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 $885,903

Program Service Revenue $947,347

Investment Income $0

Other Revenue $431,443

TOTAL REVENUE $2,264,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,885,711

Other Expenses $2,061,372

TOTAL EXPENSES $2,061,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,264,693	$1,731,634	+0.3%
Expenses	$2,061,372	$1,929,613	+0.1%
Net Income	$203,321	$-197,979	-2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG ZIMMERMAN	BOARD CHAIR	40.00	Officer Director	$0	$0	$0
LES HARRISON	TREASURER	40.00	Officer Director	$0	$0	$0
CHRIS BOT	MEMBER	40.00	Director	$0	$0	$0
STACEY BESONEN	MEMBER	2.00	Director	$0	$0	$0
MICHAEL JOHNSON	MEMBER	2.00	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
2025	$2,264,693	$2,061,372	$994,744	$203,321
2024	$1,731,634	$1,929,613	$769,241	$-197,979
2022	$2,002,553	$2,020,343	$998,595	$-17,790
2021	$1,880,662	$1,664,219	$901,384	$216,443
2020	$1,659,592	$1,559,336	$799,944	$100,256
2019	$1,861,524	$1,689,953	$527,118	$171,571
2018	$1,482,455	$1,606,992	$465,734	$-124,537

TERRA NOVA SCHOOL