NORWOOD SCHOOL INC (EIN 520901098) - 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

1952

Legal Domicile

Principal Officer

MATTHEW A GOULD PHD

Phone

3013652595

Tax Period

2023-07-01 to 2024-06-30

NORWOOD SCHOOL INC, founded in 1952, is a mid-sized nonprofit in the Education sector that reported $23.3M in total revenue in fiscal year 2023. Net assets of $47.1M represent 24 months of operating reserves.

Mission

NORWOOD SCHOOL'S CHILD-CENTERED PROGRAM INSPIRES CONFIDENT, COMPASSIONATE, INDEPENDENT, AND CREATIVE THINKERS WHO EMBRACE LIFELONG LEARNING.

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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 $1,671,922

Program Service Revenue $19,948,664

Investment Income $1,284,129

Other Revenue $356,567

TOTAL REVENUE $23,261,282

Expense Breakdown

Grants Paid $2,730,326

Salaries & Benefits $14,516,380

Fundraising Expenses $634,385

Program Expenses $17,964,400

Other Expenses $5,675,397

TOTAL EXPENSES $22,922,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,261,282	$23,645,209	0.0%
Expenses	$22,922,103	$21,898,072	+0.0%
Net Income	$339,179	$1,747,137	-0.8%

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

214

Volunteers

240

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

$887,972

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA SPENCER	BOARD CHAIR	6.00	Officer Director	$0	$0	$0
DEBBIE TANG	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JENNIFER SIDES	SECRETARY	2.00	Officer Director	$0	$0	$0
DON KOCH	TREASURER	2.00	Officer Director	$0	$0	$0
MARY PAT ALCUS	TRUSTEE	2.00	Director	$0	$0	$0
TYSON BELLAMY	TRUSTEE	2.00	Director	$0	$0	$0
JEFF CARSWELL	TRUSTEE	2.00	Director	$0	$0	$0
ALICIA DAVIS	TRUSTEE	2.00	Director	$0	$0	$0
EUNNICE EUN	TRUSTEE	2.00	Director	$0	$0	$0
GABBY GODDARD	TRUSTEE	2.00	Director	$0	$0	$0
LEE ANNE JILLINGS	TRUSTEE	2.00	Director	$0	$0	$0
TOLU LAWRENCE	TRUSTEE	2.00	Director	$0	$0	$0
AMANDA LEVIN	TRUSTEE	2.00	Director	$0	$0	$0
ALEX NEPHEW	TRUSTEE	2.00	Director	$0	$0	$0
JEN SCHENKER	TRUSTEE	2.00	Director	$0	$0	$0
NATE TYRRELL	TRUSTEE	2.00	Director	$0	$0	$0
BOB WEIMAN	TRUSTEE	2.00	Director	$0	$0	$0
JOHN WOO	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW A GOULD	HEAD OF SCHOOL	50.00	Officer	$509,188	$136,851	$646,039
WILLIAM C TEACHUM	DIRECTOR OF FINANCE & OPERATIONS	50.00	Officer	$191,662	$50,271	$241,933
MICHAEL RISEN	HEAD OF LOWER SCHOOL	40.00	Highest	$162,345	$35,453	$197,798
DENNIS CAMPBELL	HEAD OF MIDDLE SCHOOL	40.00	Highest	$159,196	$10,002	$169,198
ALEXANDER RAGONE	DIRECTOR OF ADMISSION	40.00	Highest	$136,630	$23,384	$160,014
ABIGAIL WILLIAMS	DIRECTOR OF DEVELOPMENT	40.00	Highest	$170,010	$10,696	$180,706
MARY MULLIGAN	SIXTH GRADE HOMEROOM ADVISOR	40.00	Highest	$128,763	$9,829	$138,592

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	$23,261,282	$22,922,103	$70,509,549	$339,179
2023	$23,645,209	$21,898,072	$68,460,974	$1,747,137
2022	$22,900,197	$19,893,924	$68,477,593	$3,006,273
2021	$24,196,645	$17,910,964	$57,964,554	$6,285,681
2020	$21,491,329	$18,515,890	$44,969,873	$2,975,439
2019	$22,702,572	$19,047,645	$40,375,335	$3,654,927
2018	$21,474,622	$18,321,489	$35,783,257	$3,153,133

NORWOOD SCHOOL INC