THE BOYS' LATIN SCHOOL OF MARYLAND INC (EIN 520735085) - 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

1960

Legal Domicile

Principal Officer

CHRISTOPHER J POST

Phone

4103775192

Tax Period

2024-07-01 to 2025-06-30

THE BOYS' LATIN SCHOOL OF MARYLAND INC, founded in 1960, is a mid-sized nonprofit in the Education sector that reported $27.4M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $30.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE BOYS' LATIN SCHOOL OF MARYLAND IS A COLLEGE PREP SCHOOL FOR BOYS, GRADES K - 12.

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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 $2,863,047

Program Service Revenue $22,686,003

Investment Income $1,546,623

Other Revenue $301,715

TOTAL REVENUE $27,397,388

Expense Breakdown

Grants Paid $5,739,652

Salaries & Benefits $14,281,541

Fundraising Expenses $1,435,819

Program Expenses $23,001,306

Other Expenses $10,307,041

TOTAL EXPENSES $30,328,234

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,397,388	$30,217,579	-0.1%
Expenses	$30,328,234	$28,564,120	+0.1%
Net Income	$-2,930,846	$1,653,459	-2.8%

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

235

Volunteers

200

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

$832,445

Total Directors

Key Employees

$214,833

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD H BAGBY	PRESIDENT	2.00	Officer Director	$0	$0	$0
W KYLE GORE	FIRST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GREGORY S HORNING	TREASURER	2.00	Officer Director	$0	$0	$0
JOSEPH COWAN	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
EILEEN WILCOX	SECRETARY	2.00	Officer Director	$0	$0	$0
J DUNCAN SMITH	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES C ALBAN IV	BOARD MEMBER	2.00	Director	$0	$0	$0
RALEIGH BRENT	BOARD MEMBER	2.00	Director	$0	$0	$0
CASSANDRA N BROOKS	BOARD MEMBER	2.00	Director	$0	$0	$0
JUAN M BUENDIA	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS P FINNERTY	BOARD MEMBER	2.00	Director	$0	$0	$0
HAROLD G HATHAWAY III	BOARD MEMBER	2.00	Director	$0	$0	$0
DANA JACKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
SHELLY HAIRSTON-JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
FRANK S JONES JR	BOARD MEMBER	2.00	Director	$0	$0	$0
WARNER P MASON	BOARD MEMBER	2.00	Director	$0	$0	$0
RYAN MCCLERNAN	BOARD MEMBER	2.00	Director	$0	$0	$0
RYAN MOLLETT	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK G MOXLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER ST JOHN	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON AL TIMOLL	BOARD MEMBER	2.00	Director	$0	$0	$0
KIMBERLY M WOLFF	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER POST	HEADMASTER	40.00	Officer	$486,227	$130,604	$616,831
SEAN KRIEBEL	CFO/ASSISTANT HEADMASTER	40.00	Officer	$201,598	$14,016	$215,614
CRAIG BROOKS	ASSOC HEADMASTER FOR DEVELOPMENT	40.00	Key Emp	$178,189	$36,644	$214,833
R BRANDON MOLLETT	ACADEMIC DEAN	40.00	Highest	$145,999	$18,818	$164,817
BRIAN MITCHELL	DIRECTOR OF ENROLLMENT MANAGEMENT	40.00	Highest	$143,023	$36,644	$179,667
JENNIFER MCDONALD	ACCOUNTING MANAGER	40.00	Highest	$128,508	$21,834	$150,342
JAMES CURRIE	DIRECTOR MIDDLE SCHOOL ADMIN	40.00	Highest	$124,013	$20,268	$144,281
ALEX ONYEKWERE	DIRECTOR OF TECHNOLOGY	40.00	Highest	$121,673	$26,751	$148,424

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	$27,397,388	$30,328,234	$137,287,065	$-2,930,846
2024	No data	No data	No data	No data
2023	$32,341,525	$25,780,644	$135,818,108	$6,560,881
2022	$27,850,160	$25,534,229	$119,317,590	$2,315,931
2021	$35,747,115	$24,470,333	$127,215,598	$11,276,782
2020	$26,263,107	$22,825,249	$97,301,980	$3,437,858
2019	$21,968,924	$21,492,011	$85,077,931	$476,913
2018	$23,012,659	$21,174,506	$86,045,185	$1,838,153

THE BOYS' LATIN SCHOOL OF MARYLAND INC