WORCESTER PREPARATORY SCHOOL INC

EIN: 520903685 501(c)(3) Education

BERLIN, MD

Total Revenue
$9,396,151
Total Expenses
$8,732,491
Total Assets
$19,871,343
Net Assets
$18,618,984
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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
1969
Legal Domicile
MD
Principal Officer
WILLIAM E ESHAM JR
Phone
4106413575
Tax Period
2023-07-01 to 2024-06-30

WORCESTER PREPARATORY SCHOOL INC, founded in 1969, is a community nonprofit in the Education sector that reported $9.4M in total revenue in fiscal year 2023. Expenses of $8.7M left a modest 7% surplus.

Mission

TO PROVIDE EDUCATION

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $172,118
Program Service Revenue $8,304,938
Investment Income $773,319
Other Revenue $145,776
TOTAL REVENUE $9,396,151

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,409,928
Fundraising Expenses $184,039
Program Expenses $5,998,178
Other Expenses $3,322,563
TOTAL EXPENSES $8,732,491

Year-over-Year Comparison

2023 2022 Change
Revenue $9,396,151 $9,264,856 +0.0%
Expenses $8,732,491 $8,434,641 +0.0%
Net Income $663,660 $830,215 -0.2%
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

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Governance

Voting Members
18
Independent Members
18
Employees
167
Volunteers
N/A

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
4
$0
Total Directors
19
$71,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JOHN MCDONALD HEADMASTER 45.00
Highest
$175,000 $0 $175,000
SANDY COOPER BUSINESS MAN 40.00
Director
$71,000 $0 $71,000
ANN BATEMAN TRUSTEE N/A
Director
$0 $0 $0
TODD BURBAGE TRUSTEE N/A
Director
$0 $0 $0
MATTHEW GIARDINA TRUSTEE N/A
Director
$0 $0 $0
J STEVEN GREEN TRUSTEE N/A
Director
$0 $0 $0
REESE CROPPER III TRUSTEE N/A
Director
$0 $0 $0
WILLIAM E ESHAM III TRUSTEE & AS N/A
Officer Director
$0 $0 $0
CHARLES R JENKINS PRESIDENT N/A
Officer Director
$0 $0 $0
WILLIAM E ESHAM JR SECRETARY/TR N/A
Officer Director
$0 $0 $0
STEPHEN T LEWIS TRUSTEE N/A
Director
$0 $0 $0
KATHY MARSHALL TRUSTEE N/A
Director
$0 $0 $0
NICOLE S MILLER TRUSTEE N/A
Director
$0 $0 $0
S ALEXANDER MOORE TRUSTEE N/A
Director
$0 $0 $0
CHARLES NICHOLS TRUSTEE & AS N/A
Officer Director
$0 $0 $0
MITCHELL M PARKER TRUSTEE N/A
Director
$0 $0 $0
G TROY PURNELL TRUSTEE N/A
Director
$0 $0 $0
GEORGE A PURNELL TRUSTEE N/A
Director
$0 $0 $0
MITCHELL TRUIT TRUSTEE N/A
Director
$0 $0 $0
EMILY W TUNIS TRUSTEE N/A
Director
$0 $0 $0
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
2024 $9,396,151 $8,732,491 $19,871,343 $663,660
2023 $9,264,856 $8,434,641 $18,834,154 $830,215
2022 $7,943,291 $7,314,817 $17,480,542 $628,474
2021 $8,151,501 $6,814,004 $17,536,412 $1,337,497
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