THE LAB SCHOOL OF WASHINGTON (EIN 521261627) - 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

1967

Legal Domicile

Principal Officer

KIM WARGO

Phone

2029656600

Tax Period

2023-07-01 to 2024-06-30

THE LAB SCHOOL OF WASHINGTON, founded in 1967, is a mid-sized nonprofit that reported $26.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE LAB SCHOOL OF WASHINGTON IS AN INNOVATIVE LEARNING COMMUNITY FOSTERING SCHOLARSHIP AND CREATIVITY IN STUDENTS WITH LEARNING STYLES (DOCUMENTED LEARNING DISABILITIES). THE SCHOOL PROVIDES A RIGOROUS, COLLEGE-PREPARATORY EDUCATION; PROVIDES INTENSIVE REMEDIATION AND TEACHES LEARNING STRATEGIES; AND USES VISUAL AND PERFORMING ARTS TO FACILITATE THE EDUCATION PROCESS.

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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 $1,738,010

Program Service Revenue $24,609,758

Investment Income $175,586

Other Revenue $19,592

TOTAL REVENUE $26,542,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,843,791

Fundraising Expenses $593,265

Program Expenses $22,268,621

Other Expenses $8,017,598

TOTAL EXPENSES $26,861,389

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,542,946	$24,371,872	+0.1%
Expenses	$26,861,389	$24,544,053	+0.1%
Net Income	$-318,443	$-172,181	+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

282

Volunteers

120

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

$810,402

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY WARGO	HEAD OF SCHOOL	40.00	Officer	$524,004	$53,775	$577,779
ANN FEELEY	CHIEF FINANCIAL OPERATIONS OFFICER	40.00	Officer	$207,827	$24,796	$232,623
DIANA MELTZER	ASSOC. HEAD OF SCHOOL	40.00	Highest	$190,573	$23,406	$213,979
ROBERT LANE JR	DIRECTOR OF ADMISSIONS	40.00	Highest	$153,553	$21,581	$175,134
AMY OSWALT	DIRECTOR OF GLOBAL DIVISION	40.00	Highest	$155,261	$7,038	$162,299
MARY JO COIRO	DIRECTOR OF PSYCHOLOGICAL SERVICES	40.00	Highest	$151,323	$10,697	$162,020
MELISSA WOOD	HEAD OF MIDDLE SCHOOL	40.00	Highest	$135,108	$24,167	$159,275
KATE FULTON	CHAIR	0.50	Officer Director	$0	$0	$0
KRISTA DI IACONI	VICE CHAIR	0.50	Officer Director	$0	$0	$0
JOHN JONAS	TREASURER	0.50	Officer Director	$0	$0	$0
LINDA FISHER	SECRETARY	0.50	Officer Director	$0	$0	$0
DAVID BOWER	TRUSTEE	0.50	Director	$0	$0	$0
DAVIS CAMALIER	TRUSTEE	0.50	Director	$0	$0	$0
PATRICK CORVINGTON	TRUSTEE	0.50	Director	$0	$0	$0
JOE CLARK	TRUSTEE	0.50	Director	$0	$0	$0
MARTHA BRIDGE DENCKLA	TRUSTEE	0.50	Director	$0	$0	$0
KATHRYN HAMM	TRUSTEE	0.50	Director	$0	$0	$0
SHENEARAH LASSITER	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL MILLER	TRUSTEE	0.50	Director	$0	$0	$0
MARK NIELSEN	TRUSTEE	0.50	Director	$0	$0	$0
DAVE SOHIER	TRUSTEE	0.50	Director	$0	$0	$0
JESUS SORIANO	TRUSTEE	0.50	Director	$0	$0	$0
CHRISTINE WINCHESTER	TRUSTEE	0.50	Director	$0	$0	$0
ELIZABETH WREGE	TRUSTEE	0.50	Director	$0	$0	$0
PETER ZIMMER	TRUSTEE	0.50	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
2025	No data	No data	No data	No data
2024	$26,542,946	$26,861,389	$65,326,012	$-318,443
2023	$24,371,872	$24,544,053	$65,464,794	$-172,181
2022	$23,245,137	$23,962,278	$60,963,136	$-717,141
2021	$24,820,980	$23,847,757	$62,468,707	$973,223
2020	$22,465,449	$23,564,929	$61,219,771	$-1,099,480
2018	$22,677,072	$22,084,445	$57,488,372	$592,627

THE LAB SCHOOL OF WASHINGTON