THE CALVERT COUNTY DAY SCHOOL INC … - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

DANIELLE LICO

Phone

4105350216

Tax Period

2023-07-01 to 2024-06-30

THE CALVERT COUNTY DAY SCHOOL INC T/A THE CALVERTON SCHOOL, founded in 1967, is a community nonprofit in the Education sector that reported $8.0M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

FOSTERING A CULTURE OF RESPECT, HIGH EXPECTATIONS, AND SHARED EXPERIENCES, THE CALVERTON SCHOOL INSTILLS IN STUDENTS INTELLECTUAL CURIOSITY, PERSONAL RESPONSIBILITY, AND A STRONG WORK ETHIC TO PREPARE THEM FOR HIGHER EDUCATION AND RESPONSIBLE CITIZENSHIP IN A DEMOCRATIC AND GLOBAL COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $6,675,981 Revenue: $7,320,981

INSTRUCTIONTHE CALVERTON SCHOOL IS A COEDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL FOR STUDENTS IN PRESCHOOL THROUGH GRADE 12. THE CAMPUS OCCUPIES 153 ACRES WITH SCIENCE AND ART LABS, A BLACK BOX...

INSTRUCTIONTHE CALVERTON SCHOOL IS A COEDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL FOR STUDENTS IN PRESCHOOL THROUGH GRADE 12. THE CAMPUS OCCUPIES 153 ACRES WITH SCIENCE AND ART LABS, A BLACK BOX THEATER, EXPANSIVE PLAYING FIELDS, FOUR RESIDENTIAL HOUSES, NATURE TRAILS, FORESTS, STREAMS AND MARSHLAND, LOCATED BETWEEN THE PATUXENT RIVER AND THE CHESAPEAKE BAY. WITHIN OUR FACULTY, STAFF AND ADMINISTRATORS, THE MAJORITY HOLD ADVANCED DEGREES. OUR AVERAGE CLASS SIZE IS 14 AND STUDENT/TEACHER RATIO IS 7:1. OVER THE PAST TEN YEARS, 98% OF OUR GRADUATES MATRICULATED TO FOUR YEAR BACCALAUREATE GRANTING INSTITUTIONS. OUR RIGOROUS ACADEMIC PROGRAM INCLUDES EIGHTEENINTERNATIONAL BACCALAUREATE PROGRAM COURSES. THERE ARE TEN ATHLETIC SPORTS WITH TEAMS AT DIFFERENT COMPETITIVE AND DEVELOPMENTAL LEVELS FOR OUR MIDDLE AND UPPER SCHOOL STUDENTS. THE SCHOOL OFFERS INTERNATIONAL BAACALAUREATE PROGRAMS IN UPPER SCHOOL AND RUNS A SMALL RESIDENTIAL BOARDING PROGRAM FOR INTERNATIONAL STUDENTS. TECHNOLOGY INCLUDES WIRELESS COMPUTING ON CAMPUS, SMARTBOARDS, IPADS FOR LOWER SCHOOL STUDENTS IN KINDERGARTEN, 1ST-3RD GRADES AND LAPTOPS FOR STUDENTS IN 4TH AND 5TH GRADE. STUDENTS IN 6TH-12TH GRADES BRING THEIR OWN DEVICES.CALVERTON OFFERS NEED BASED FINANCIAL ASSISTANCE AND MERIT-BASEDSCHOLARSHIPS.

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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 $172,864

Program Service Revenue $7,320,981

Investment Income $173,608

Other Revenue $328,351

TOTAL REVENUE $7,995,804

Expense Breakdown

Grants Paid $1,579,752

Salaries & Benefits $4,293,060

Fundraising Expenses $164,634

Program Expenses $6,675,981

Other Expenses $2,469,073

TOTAL EXPENSES $8,341,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,995,804	$10,060,414	-0.2%
Expenses	$8,341,885	$8,474,633	0.0%
Net Income	$-346,081	$1,585,781	-1.2%

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

141

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

$287,951

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE LICO	PRESIDENT	5.00	Officer Director	$0	$0	$0
KERRI MALONEY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KISHMA PRINCE	TREASURER	5.00	Officer Director	$0	$0	$0
MEENA SHAH	SECRETARY	5.00	Officer Director	$0	$0	$0
PATRICIA JENKINS	TRUSTEE	2.00	Director	$0	$0	$0
DESANN MANZANO LEE	TRUSTEE	2.00	Director	$0	$0	$0
MICK SHOVE	TRUSTEE	2.00	Director	$0	$0	$0
DANYELLE SOLOMON	TRUSTEE	2.00	Director	$0	$0	$0
GREGORY VENTRE	TRUSTEE	2.00	Director	$0	$0	$0
KARRIE WOOD	TRUSTEE	2.00	Director	$0	$0	$0
JOSHUA WYNNE	TRUSTEE	2.00	Director	$0	$0	$0
LESLEY QUATTLEBAUM	TRUSTEE	2.00	Director	$0	$0	$0
MARK POSEY	TRUSTEE	2.00	Director	$0	$0	$0
JANICE BUNCH	DIRECTOR OF FINANCE/CFO	40.00	Officer	$101,524	$6,832	$108,356
JAMEY HEIN	HEAD OF SCHOOL	40.00	Officer	$176,218	$3,377	$179,595

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	$7,995,804	$8,341,885	$11,381,484	$-346,081
2023	$10,060,414	$8,474,633	$11,800,896	$1,585,781
2022	$8,343,528	$8,115,022	$12,543,140	$228,506
2021	$7,580,163	$7,180,624	$12,639,830	$399,539
2020	$6,582,077	$7,557,111	$12,494,959	$-975,034
2019	$7,349,974	$7,925,694	$12,751,337	$-575,720
2018	$7,514,298	$7,888,115	$13,517,303	$-373,817

THE CALVERT COUNTY DAY SCHOOL INC T/A THE CALVERTON SCHOOL