SALISBURY SCHOOL INC (EIN 520904771) - 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

1969

Legal Domicile

Principal Officer

CLAY ELLIOTT

Phone

4107424464

Tax Period

2024-07-01 to 2025-06-30

SALISBURY SCHOOL INC, founded in 1969, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024.

Mission

THE SALISBURY SCHOOL IS A COMMUNITY OF LEARNERS WHO REACH THEIR INDIVIDUAL POTENTIAL THROUGH AN EXPERIENTIAL, COLLEGE-BOUND CURRICULUM. OUR WHOLE-CHILD APPROACH DEVELOPS CARING,CONFIDENT STUDENTS WHO ARE PREPARED TO THRIVE AS GLOBAL CITIZENS.

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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 $675,008

Program Service Revenue $5,942,703

Investment Income $79,081

Other Revenue $76,400

TOTAL REVENUE $6,773,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,372,571

Fundraising Expenses $236,547

Program Expenses $5,524,174

Other Expenses $2,261,134

TOTAL EXPENSES $6,633,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,773,192	$6,429,358	+0.1%
Expenses	$6,633,705	$6,327,729	+0.0%
Net Income	$139,487	$101,629	+0.4%

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

143

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

$229,886

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAY ELLIOTT	HEAD OF SCHOOL	40.00	Officer	$114,255	$4,339	$118,594
JAMIESON LECATES	CFO	40.00	Officer	$110,190	$1,102	$111,292
GIL ALLEN III	BOARD CHAIR	8.00	Officer Director	$0	$0	$0
MONTY SAYLER	VICE-CHAIR	0.00	Officer Director	$0	$0	$0
AMY BROTHERS	SECRETARY	0.00	Officer Director	$0	$0	$0
CHRIS PERDUE	TREASURER	0.00	Officer Director	$0	$0	$0
SCOTT ROBERTSON	TRUSTEE	0.00	Director	$0	$0	$0
GERARD HOGAN	TRUSTEE	0.00	Director	$0	$0	$0
LEANN MAH	TRUSTEE	0.00	Director	$0	$0	$0
CHRIS HAYES	TRUSTEE	0.00	Director	$0	$0	$0
JOHN CUSTIS	TRUSTEE	0.00	Director	$0	$0	$0
TISH BANKS	TRUSTEE	0.00	Director	$0	$0	$0
STEVE ROBINSON	TRUSTEE	0.00	Director	$0	$0	$0
SARAH MATYIKO	TRUSTEE	0.00	Director	$0	$0	$0
KELLEY SHORT	TRUSTEE	0.00	Director	$0	$0	$0
PAM OLAND	TRUSTEE	0.00	Director	$0	$0	$0
KEVIN MYERS	TSSEF CHAIR	0.00	Director	$0	$0	$0
JENNY DONOWAY	EX OFFICIO FACULTY REP	0.00	Officer	$0	$0	$0
JANELLE THOMAS	EX OFFICIO P&F PRESIDENT	0.00	Officer	$0	$0	$0
NICK KYPREOS	EX OFFICIO	0.00	Officer	$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
2025	$6,773,192	$6,633,705	$6,329,458	$139,487
2024	$6,429,358	$6,327,729	$6,122,384	$101,629
2023	$6,253,263	$6,124,065	$6,068,528	$129,198
2022	$5,796,453	$5,894,102	$6,313,539	$-97,649
2021	$5,694,391	$5,158,352	$6,738,418	$536,039

SALISBURY SCHOOL INC