THE NORA SCHOOL

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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

1964

Legal Domicile

Principal Officer

MARA NICASTRO

Phone

3014956672

Tax Period

2024-07-01 to 2025-06-30

THE NORA SCHOOL, founded in 1964, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Expenses of $2.4M left a modest 13% surplus.

Mission

THE NORA SCHOOL IS A PROGRESSIVE, SOCIALLY-CONSCIOUS, COLLEGE PREPARATORY HIGH SCHOOL THAT IS SMALL BY DESIGN, ACADEMICALLY SUPPORTIVE, AND COMMUNITY ORIENTED. NORA PROVIDES AN INSPIRING SPACE FOR A DIVERSE GROUP OF STUDENTS AND TEACHERS TO GROW.

Program Service Accomplishments

Program 1

Expenses: $1,931,777 Revenue: $2,391,560

NORA IS A SMALL, PROGRESSIVE, INDEPENDENT COLLEGE PREPARATORY DAY SCHOOL FOR STUDENTS IN GRADES 9 THROUGH 12. TEACHERS AND STUDENTS WORK TOGETHER TO: FOSTER INTELLECTUAL AND INQUIRING LEARNERS...

NORA IS A SMALL, PROGRESSIVE, INDEPENDENT COLLEGE PREPARATORY DAY SCHOOL FOR STUDENTS IN GRADES 9 THROUGH 12. TEACHERS AND STUDENTS WORK TOGETHER TO: FOSTER INTELLECTUAL AND INQUIRING LEARNERS, DISCOVER THEIR UNIQUE INDENTITY AND PLACE IN THE WORLD, DEVELOP SOCIAL AWARENESS THAT IMPELS THEM TO ACTION AND PREPARE FOR COLLEGE AND FOR LIFE.

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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 $163,967

Program Service Revenue $2,391,560

Investment Income $188,554

Other Revenue $1,126

TOTAL REVENUE $2,745,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,887,458

Fundraising Expenses $40,630

Program Expenses $1,931,777

Other Expenses $506,807

TOTAL EXPENSES $2,394,265

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,745,207	$2,680,465	+0.0%
Expenses	$2,394,265	$2,198,576	+0.1%
Net Income	$350,942	$481,889	-0.3%

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

Volunteers

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

$271,168

Total Directors

$316,843

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW SCHOENBACH	TREASURER	1.00	Officer Director	$0	$0	$0
JUDITH GELMAN	CHAIR	5.00	Officer Director	$0	$0	$0
VIVIAN YAO	DIRECTOR	1.00	Director	$0	$0	$0
MARA NICASTRO	HEAD OF SCHOOL	40.00	Officer Director	$264,583	$6,585	$271,168
MARY MUSSMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WILSON	SECRETARY	1.00	Officer Director	$0	$0	$0
NAILAH HARRELL	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE FOLARIN	DIRECTOR	1.00	Director	$0	$0	$0
VAL WISE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS PECKHAM	FACULTY DIRECTOR	16.00	Director	$45,675	$0	$45,675
SCOTT MADDEN	TEACHER AND COLLEGE COUNSE	40.00	Highest	$107,500	$3,240	$110,740
MARCIA MILLER	DIRECTOR OF ADMISSION	40.00	Highest	$103,499	$8,781	$112,280
NORMAN L MAYNARD	ASSISTANT HEAD/BUSINESS MANAGER	32.00	Highest	$100,500	$2,958	$103,458

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	$2,745,207	$2,394,265	$6,855,117	$350,942
2024	$2,680,465	$2,198,576	$6,543,734	$481,889
2023	$2,550,379	$1,908,216	$6,034,004	$642,163
2022	$2,334,406	$1,725,312	$5,479,335	$609,094
2021	$1,855,893	$1,514,631	$5,507,674	$341,262
2020	$1,906,998	$1,732,038	$6,176,528	$174,960