SEVERN SCHOOL INC (EIN 520591466) - 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

1938

Legal Domicile

Principal Officer

DOUGLAS LAGARDE

Phone

4106477701

Tax Period

2024-07-01 to 2025-06-30

SEVERN SCHOOL INC, founded in 1938, is a mid-sized nonprofit in the Education sector that reported $49.7M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19.2M, a strong 39% operating margin.

Mission

TO PROVIDE EDUCATION TO STUDENTS YEARS PRE-K THROUGH TWELVE.

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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 $11,326,302

Program Service Revenue $27,966,513

Investment Income $10,218,819

Other Revenue $222,384

TOTAL REVENUE $49,734,018

Expense Breakdown

Grants Paid $3,526,014

Salaries & Benefits $18,991,023

Fundraising Expenses $1,126,272

Program Expenses $25,603,769

Other Expenses $7,993,422

TOTAL EXPENSES $30,510,459

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,734,018	$30,743,982	+0.6%
Expenses	$30,510,459	$28,671,950	+0.1%
Net Income	$19,223,559	$2,072,032	+8.3%

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

337

Volunteers

400

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

$797,790

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON M MAHAN	CHAIR	3.00	Officer Director	$0	$0	$0
JOHN C STAMATO	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JONATHAN P KAGAN	SECRETARY	3.00	Officer Director	$0	$0	$0
VISHVA GHEEWALA	TREASURER	3.00	Officer Director	$0	$0	$0
ANDREW BAUER	TRUSTEE	3.00	Director	$0	$0	$0
CAROLYN BENZ	TRUSTEE	3.00	Director	$0	$0	$0
ROCKY CINTRON	TRUSTEE	3.00	Director	$0	$0	$0
MICHAEL CLARK	TRUSTEE	3.00	Director	$0	$0	$0
ALISA FREAS	TRUSTEE	3.00	Director	$0	$0	$0
NELS OLSON	TRUSTEE	3.00	Director	$0	$0	$0
RAY JENNINGS	TRUSTEE	3.00	Director	$0	$0	$0
SHERWOOD E PAGE	TRUSTEE	3.00	Director	$0	$0	$0
ED COLEMAN	TRUSTEE	3.00	Director	$0	$0	$0
SARAH WALSH	TRUSTEE	3.00	Director	$0	$0	$0
MIKELL PARSCH	TRUSTEE	3.00	Director	$0	$0	$0
DR STEPHANIE JACOBS	TRUSTEE	3.00	Director	$0	$0	$0
ERIC THOMPSON	TRUSTEE	3.00	Director	$0	$0	$0
ELSA MASKELL	TRUSTEE	3.00	Director	$0	$0	$0
CATHERINE HERRICK	TRUSTEE	3.00	Director	$0	$0	$0
JOHN LEWIS	TRUSTEE	3.00	Director	$0	$0	$0
MATT ALSTED	TRUSTEE	3.00	Director	$0	$0	$0
GINA M DESTEFANO	TRUSTEE	3.00	Director	$0	$0	$0
LAURE FISHER	TRUSTEE	3.00	Director	$0	$0	$0
KIRK JAY	TRUSTEE	3.00	Director	$0	$0	$0
ADAM WILLIAMS	TRUSTEE	3.00	Director	$0	$0	$0
DAVID WILLIAMS	TRUSTEE	3.00	Director	$0	$0	$0
DR TAYLOR SCOTT	TRUSTEE	3.00	Director	$0	$0	$0
DOUGLAS LAGARDE	HEAD OF SCHOOL	40.00	Officer	$491,399	$65,223	$556,622
CHRISTOPHER SAPIENZA	DIR. OF BUSINESS & FINANCE	40.00	Officer	$192,141	$49,027	$241,168
SHANNON HOWELL	DIRECTOR OF DEVELOPMENT	40.00	Highest	$184,048	$58,760	$242,808
CATHY NORTH	HEAD, LOWER SCHOOL	40.00	Highest	$149,728	$47,455	$197,183
STEPHEN SODEN	HEAD, UPPER SCHOOL	40.00	Highest	$141,195	$47,184	$188,379
KIMBERLY SLADE	DIR. OF ENROLLMENT MANAGEM	40.00	Highest	$167,800	$25,934	$193,734
SIDRA SMITH	DIR. OF STUDIES AND STRATE	40.00	Highest	$165,018	$14,353	$179,371

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	$49,734,018	$30,510,459	$91,724,349	$19,223,559
2024	$30,743,982	$28,671,950	$79,570,199	$2,072,032
2023	$30,368,243	$27,209,638	$74,760,614	$3,158,605
2022	$28,689,233	$25,680,329	$70,000,569	$3,008,904
2021	$24,879,603	$24,643,017	$73,013,409	$236,586
2020	$24,895,312	$23,623,327	$68,583,815	$1,271,985
2019	$24,224,469	$22,983,318	$65,851,334	$1,241,151
2018	$23,300,771	$22,569,313	$65,321,861	$731,458

SEVERN SCHOOL INC