FRIENDS SCHOOL OF BALTIMORE INC (EIN 520591602) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

CHRISTIAN DONOVAN

Phone

4106493200

Tax Period

2024-07-01 to 2025-06-30

FRIENDS SCHOOL OF BALTIMORE INC, founded in 1974, is a mid-sized nonprofit in the Education sector that reported $36.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $87.0M represent 29 months of operating reserves.

Mission

FOUNDED IN 1784, FRIENDS SCHOOL OF BALTIMORE PROVIDES A COEDUCATIONAL, COLLEGE PREPARATORY PROGRAM GUIDED BY THE QUAKER VALUES OF TRUTH, EQUALITY, SIMPLICITY, COMMUNITY, AND PEACEFUL RESOLUTION OF CONFLICT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,693,316

Program Service Revenue $30,980,433

Investment Income $2,138,052

Other Revenue $392,784

TOTAL REVENUE $36,204,585

Expense Breakdown

Grants Paid $8,773,487

Salaries & Benefits $18,731,589

Fundraising Expenses $1,115,210

Program Expenses $32,758,827

Other Expenses $10,858,499

TOTAL EXPENSES $38,394,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,204,585	$38,375,876	-0.1%
Expenses	$38,394,952	$35,735,144	+0.1%
Net Income	$-2,190,367	$2,640,732	-1.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

464

Volunteers

300

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

$686,682

Total Directors

$70,355

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN CLARK	TRUSTEE, FACULTY REP	40.00	Director	$66,835	$3,520	$70,355
LESTER DAVIS	CHAIR	1.00	Officer Director	$0	$0	$0
BRANDYN HICKS	ASSISTANT CHAIR	1.00	Officer Director	$0	$0	$0
BURCK SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN BAER	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA BROCATO	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER BUNKLEY	TRUSTEE	1.00	Director	$0	$0	$0
LARRY CLEMENTS	TRUSTEE	1.00	Director	$0	$0	$0
TIFFANI COLLINS	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS DAHL	TRUSTEE, PARENT REP	1.00	Director	$0	$0	$0
GEN DISTANCE	TRUSTEE	1.00	Director	$0	$0	$0
GULI FAGER	TRUSTEE	1.00	Director	$0	$0	$0
SUZY FILBERT	TRUSTEE	1.00	Director	$0	$0	$0
NORMAN FORBUSH	TRUSTEE	1.00	Director	$0	$0	$0
JON FRIAR	TRUSTEE	1.00	Director	$0	$0	$0
JOEL GOLDBERG	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE HANCOCK PORTER	TRUSTEE	1.00	Director	$0	$0	$0
LAURA HOLTER	TRUSTEE	1.00	Director	$0	$0	$0
ERIKA KANE LYONS	TRUSTEE	1.00	Director	$0	$0	$0
CLEMMIE MILLER	TRUSTEE	1.00	Director	$0	$0	$0
ADAM NICOLSON	TRUSTEE, STUDENT REP	1.00	Director	$0	$0	$0
CLAIRE SALKOWSKI	TRUSTEE	1.00	Director	$0	$0	$0
SOPHIA SILBERGOLD	TRUSTEE	1.00	Director	$0	$0	$0
FELICITY TURNER	TRUSTEE	1.00	Director	$0	$0	$0
RUSSELL WEBER	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTIAN DONOVAN	HEAD OF SCHOOL	40.00	Officer	$364,570	$79,480	$444,050
MALCOLM HAYNES	CHIEF FINANCIAL AND OPERAT	40.00	Officer	$217,380	$25,252	$242,632
RASHA EL-HAGGAN	DIRECTOR OF ACADEMICS	40.00	Highest	$174,556	$8,199	$182,755
HEIDI HUTCHINSON	PRINCIPAL - LOWER & MIDDLE SCHOOLS	40.00	Highest	$162,600	$23,241	$185,841
ASHLEY PRINCIPE	DIRECTOR OF DEVELOPMENT	40.00	Highest	$162,364	$53,069	$215,433
BRANDON ROGERS	PRINCIPAL - UPPER SCHOOL	40.00	Highest	$142,819	$24,877	$167,696
CARL GRANT	DIRECTOR OF FACILITIES	40.00	Highest	$130,366	$15,090	$145,456

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	$36,204,585	$38,394,952	$108,192,656	$-2,190,367
2024	$38,375,876	$35,735,144	$109,034,025	$2,640,732
2023	$34,056,483	$34,546,031	$87,934,601	$-489,548
2022	$34,845,625	$33,485,588	$85,773,835	$1,360,037
2021	$38,147,236	$34,126,360	$92,747,497	$4,020,876
2020	$30,730,596	$33,239,665	$82,590,577	$-2,509,069
2019	$30,112,504	$30,493,588	$85,210,139	$-381,084
2018	$33,628,376	$29,970,083	$87,923,430	$3,658,293
2018	$33,628,376	$29,970,083	$87,923,430	$3,658,293

FRIENDS SCHOOL OF BALTIMORE INC