THE QUAD PREPARATORY 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

2014

Legal Domicile

Principal Officer

KIMBERLY BUSI

Phone

6466493913

Tax Period

2023-07-01 to 2024-06-30

THE QUAD PREPARATORY SCHOOL, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $27.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE QUAD PREPARATORY SCHOOL TRANSFORMS THE LIVES OF TWICE EXCEPTIONAL PEOPLE THOSE WHO ARE GIFTED AND LEARN DIFFERENTLY BY REDEFINING THE EXPERIENCE OF SCHOOL. OUR PERSONALIZED MODEL FULLY INTEGRATES SOCIAL AND EMOTIONAL LEARNING WITH CHALLENGING ACADEMICS, EMPOWERING OUR STUDENTS TO RISE TO THE LEVEL OF THEIR EXTRAORDINARY TALENTS. THROUGH OUR INNOVATIVE PROGRAMS WE ARE LEADING A LARGER MOVEMENT IN SERVICE OF BOTH TWICE EXCEPTIONAL PEOPLE AND SOCIETY AT LARGE.

Program Service Accomplishments

Program 1

Expenses: $23,810,262 Revenue: $25,235,367

THE QUAD PREPARATORY SCHOOL ISN'T JUST A SCHOOL, IT IS THE EPICENTER OF A LARGER MOVEMENT, WITH IMPLICATIONS FAR WIDER REACHING THAN THE SUCCESSES WE HAVE WITH OUR STUDENTS. THE QUAD PREP COMMITMENT IS TO SHARE ITS PRACTICES WITH OTHERS ON A LOCAL, NATIONAL AND EVEN INTERNATIONAL SCALE. THE QUAD PREPARATORY SCHOOL IS A KEY PARTNER OF THE 2E STUDY CENTER AT THE QUAD - THE FIRST AND ONLY CENTER OF 2E EXCELLENCE IN NEW YORK CITY. QUAD PREP IS ALSO COMMITTED TO EDUCATING AND TRAINING EDUCATORS, CLINICIANS AND PARENTS THROUGH: "HOSTING "BREAKTHROUGHS IN TWICE EXCEPTIONAL EDUCATION", AN ANNUAL, NATIONAL CONFERENCE, AND "HOSTING AND COCREATING THE CERTIFICATE PROGRAM IN "MEETING THE NEEDS OF TWICE EXCEPTIONAL CHILDREN", THE EAST COAST'S FIRST AND ONLY POSTGRADUATE CERTIFICATION PROGRAM OF ITS KIND.

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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 $2,190,414

Program Service Revenue $25,235,367

Investment Income $201,936

Other Revenue $92,744

TOTAL REVENUE $27,720,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,358,175

Fundraising Expenses $614,883

Program Expenses $23,810,262

Other Expenses $9,062,514

TOTAL EXPENSES $28,420,689

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,720,461	$24,173,186	+0.1%
Expenses	$28,420,689	$25,677,934	+0.1%
Net Income	$-700,228	$-1,504,748	-0.5%

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

286

Volunteers

250

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

$734,550

Total Directors

$506,556

Key Employees

$429,272

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY BUSI	HEAD OF SCHOOL	40.00	Officer Director	$465,026	$41,530	$506,556
MARK MCFADDEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARCUS MABRY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARILYN KLINE	SECRETARY	1.00	Officer Director	$0	$0	$0
ALAN CARR	DIRECTOR	1.00	Director	$0	$0	$0
RAY CHAN	DIRECTOR	1.00	Director	$0	$0	$0
ADAM FALK	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE HODER	DIRECTOR	1.00	Director	$0	$0	$0
GUY KEARSLEY	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL LAVINE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL LEVINSOHN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ORR	DIRECTOR	1.00	Director	$0	$0	$0
JASON PIKE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT REISINGER	DIRECTOR	1.00	Director	$0	$0	$0
ELMER DETRES	CHIEF FINANCIAL OFFICER	40.00	Officer	$209,585	$18,409	$227,994
CAROL STARMACK	CHIEF OPERATING OFFICER	40.00	Key Emp	$200,561	$15,106	$215,667
FRANCISCO CORNEJO	ASSISTANT HEAD OF SCHOOL	40.00	Key Emp	$199,402	$14,203	$213,605
EMILY VIZZA	DIRECTOR OF CLINICAL AFFAIRS	40.00	Highest	$171,294	$23,187	$194,481
MELISSA WYSE	CHIEF ADV. & COMM. OFFICER	40.00	Highest	$155,877	$26,102	$181,979
NICOLE CAVALIERE	LOWER SCHOOL ACADEMIC DIRECTOR	40.00	Highest	$153,461	$1,644	$155,105
BARI SCHWARTZ	LOWER SCHOOL CLINICAL DIRECTOR	40.00	Highest	$137,832	$25	$137,857
ALEXA WALLERSTEIN	UPPER SCHOOL CLINICAL DIRECTOR	40.00	Highest	$134,977	$15,457	$150,434

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	No data	No data	No data	No data
2024	$27,720,461	$28,420,689	$62,477,578	$-700,228
2023	$24,173,186	$25,677,934	$49,630,062	$-1,504,748
2022	$21,975,785	$22,839,494	$16,429,663	$-863,709
2021	$18,563,667	$17,423,082	$14,717,917	$1,140,585
2020	$14,531,822	$16,946,253	$14,249,626	$-2,414,431
2019	$10,194,347	$10,306,503	$10,819,961	$-112,156
2018	$6,684,759	$7,625,737	$8,948,619	$-940,978