BULLIS SCHOOL (EIN 520635080) - 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

1936

Legal Domicile

Principal Officer

CHRISTIAN SULLIVAN

Phone

3012998500

Tax Period

2023-07-01 to 2024-06-30

BULLIS SCHOOL, founded in 1936, is a mid-sized nonprofit in the Education sector that reported $69.7M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.2M, a strong 23% operating margin.

Mission

BULLIS SCHOOL PROVIDES A STUDENT-CENTERED BALANCED EXPERIENCE IN ACADEMICS, ARTS, ATHLETICS AND COMMUNITY SERVICE. BULLIS UNIQUELY PREPARES ALL STUDENTS TO BECOME CARING CITIZENS AND CREATIVE, CRITICAL THINKERS WHO WILL THRIVE IN TOMORROW'S WORLD. THE SCHOOL'S VISION IS TO BE THE INDEPENDENT SCHOOL OF CHOICE FOR FAMILIES WHO SEEK AN EXTRAORDINARY EDUCATIONAL EXPERIENCE WHICH DEVELOPS GLOBAL LEADERS WHO ENTHUSIASTICALLY EMBRACE CHALLENGE, EXHIBIT STRONG CHARACTER AND CULTIVATE COMMUNITY. BULLIS SCHOOL'S CORE ACADEMIC VALUES FOSTER CRITICAL THINKING, COLLABORATION, COMMUNICATION, RESOURCEFULNESS AND CREATIVITY IN OUR STUDENTS, AND WE UPHOLD CORE INSTITUTIONAL VALUES THAT MODEL AND PRACTICE INTEGRITY, RESPECT, DIVERSITY, SERVICE AND RESPONSIBILITY WITHIN THE SCHOOL COMMUNITY AND IN ANY OUTREACH.

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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 $12,607,626

Program Service Revenue $55,626,936

Investment Income $932,197

Other Revenue $535,183

TOTAL REVENUE $69,701,942

Expense Breakdown

Grants Paid $9,415,598

Salaries & Benefits $27,248,703

Fundraising Expenses $1,941,430

Program Expenses $45,035,673

Other Expenses $16,842,215

TOTAL EXPENSES $53,506,516

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,701,942	$54,408,274	+0.3%
Expenses	$53,506,516	$48,482,601	+0.1%
Net Income	$16,195,426	$5,925,673	+1.7%

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

455

Volunteers

100

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

$1,229,327

Total Directors

Key Employees

$343,073

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT BERNSTEIN	TRUSTEE	2.00	Director	$0	$0	$0
CYNDI BULLIS VASCO	TRUSTEE	2.00	Director	$0	$0	$0
DAVID A PEPPER	TREASURER	10.00	Officer Director	$0	$0	$0
DREW MANNES	TRUSTEE	2.00	Director	$0	$0	$0
EMINE SANDI	TRUSTEE	2.00	Director	$0	$0	$0
HELEN STEFAN MOREAU	TRUSTEE	2.00	Director	$0	$0	$0
HILLARY BALTIMORE	SECRETARY	10.00	Officer Director	$0	$0	$0
JONATHAN HALLE	TRUSTEE	2.00	Director	$0	$0	$0
LISA ROBINSON	TRUSTEE	2.00	Director	$0	$0	$0
LIVIA CHRISTENSEN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL DESANTIS	TRUSTEE	2.00	Director	$0	$0	$0
MICKEL BLAIR	TRUSTEE	2.00	Director	$0	$0	$0
MURIEL SUGGS	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK CAULFIELD	CHAIR	10.00	Officer Director	$0	$0	$0
PAUL MAVRIKES	EX OFFICIO	2.00	Director	$0	$0	$0
PAULA WIDERLITE	TRUSTEE	2.00	Director	$0	$0	$0
PINKIE MAYFIELD	VICE CHAIR	10.00	Officer Director	$0	$0	$0
ROBERT MILLER	TRUSTEE	2.00	Director	$0	$0	$0
SAMIER MANSUR	TRUSTEE	2.00	Director	$0	$0	$0
SARAH NESBITT	EX OFFICIO	2.00	Director	$0	$0	$0
SUSAN RICHMAN	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTIAN SULLIVAN	HEAD OF SCHOOL	40.00	Officer	$813,762	$110,015	$923,777
RACHEL VENEZIAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$275,196	$30,354	$305,550
TIMOTHY D SIMPSON	ASSOCIATE HEAD OF SCHOOL	40.00	Key Emp	$210,876	$132,197	$343,073
BRUCE F KELLEY	US MATH TEACHER/BASKETBALL	40.00	Highest	$146,501	$48,291	$194,792
JAMES DICKIE	EXECUTIVE DIRECTOR OF TECH	40.00	Highest	$155,820	$14,482	$170,302
JUSTIN LEITH	DIRECTOR OF ATHLETICS	40.00	Highest	$146,242	$89,645	$235,887
MARILYN MORENO	HEAD OF MIDDLE SCHOOL	40.00	Highest	$182,171	$13,614	$195,785
ROBERT POLLICINO	HEAD OF UPPER SCHOOL	40.00	Highest	$206,515	$168,048	$374,563

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	$69,701,942	$53,506,516	$146,345,354	$16,195,426
2023	$54,408,274	$48,482,601	$127,958,968	$5,925,673
2022	$48,486,298	$44,367,766	$98,208,716	$4,118,532
2021	$48,025,592	$41,298,337	$95,071,669	$6,727,255
2020	$41,333,657	$42,802,222	$89,169,667	$-1,468,565
2019	$40,855,307	$42,703,956	$91,025,144	$-1,848,649
2018	$41,220,792	$42,049,997	$96,489,470	$-829,205

BULLIS SCHOOL