MCDONOGH SCHOOL INCORPORATED (EIN 526001577) - 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

1873

Legal Domicile

Principal Officer

DAVID J FARACE

Phone

4103630600

Tax Period

2024-07-01 to 2025-06-30

MCDONOGH SCHOOL INCORPORATED, founded in 1873, is a mid-sized nonprofit in the Education sector that reported $99.3M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27.8M, a strong 28% operating margin.

Mission

PROVIDE EXCEPTIONAL EDUCATION INSPIRING A PASSION FOR LEARNING, GROWTH & A COMMITMENT TO EXCELLENCE.

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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 $4,351,808

Program Service Revenue $63,931,064

Investment Income $30,286,534

Other Revenue $736,699

TOTAL REVENUE $99,306,105

Expense Breakdown

Grants Paid $7,936,825

Salaries & Benefits $42,671,523

Fundraising Expenses $3,503,421

Program Expenses $58,190,615

Other Expenses $20,853,300

TOTAL EXPENSES $71,516,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$99,306,105	$77,946,164	+0.3%
Expenses	$71,516,868	$69,272,576	+0.0%
Net Income	$27,789,237	$8,673,588	+2.2%

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

Governance

Voting Members

Independent Members

Employees

1010

Volunteers

275

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

$965,841

Total Directors

Key Employees

$827,434

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL W CUMMINGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
H STACEY BOYER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CURTIS H CORNWELL	TREASURER	1.00	Officer Director	$0	$0	$0
IRVIN DEANDREI DRUMMOND	SECRETARY	1.00	Officer Director	$0	$0	$0
ARTHUR H ADLER	MEMBER	1.00	Director	$0	$0	$0
ROBERT A BAVAR	MEMBER	1.00	Director	$0	$0	$0
RICHARD I BERMAN	MEMBER	1.00	Director	$0	$0	$0
WALLACE E BOSTON JR	MEMBER	1.00	Director	$0	$0	$0
DONALD B CHRISTIAN	MEMBER	1.00	Director	$0	$0	$0
LEIGH ANN CURL MD	MEMBER	1.00	Director	$0	$0	$0
ERIKA SETH DAVIS	MEMBER	1.00	Director	$0	$0	$0
BRANDON M ETHERIDGE	MEMBER	1.00	Director	$0	$0	$0
MICHAEL S FADER	MEMBER	1.00	Director	$0	$0	$0
MICHAEL L FALCONE	MEMBER	1.00	Director	$0	$0	$0
KRISTIN F FINKELSTEIN	MEMBER	1.00	Director	$0	$0	$0
BRETT INGERMAN	MEMBER	1.00	Director	$0	$0	$0
ELIZABETH M INSLEY	MEMBER	1.00	Director	$0	$0	$0
JOSHUA P JONES-DILWORTH	MEMBER	1.00	Director	$0	$0	$0
AKHILA KOSARAJU	MEMBER	1.00	Director	$0	$0	$0
JENNIFER L MCKINNELL	MEMBER	1.00	Director	$0	$0	$0
PAUL M MEURER	MEMBER	1.00	Director	$0	$0	$0
FARAH QURESHI NUR	MEMBER	1.00	Director	$0	$0	$0
STEVEN S OH	MEMBER	1.00	Director	$0	$0	$0
JOSHUA R PERRY	MEMBER	1.00	Director	$0	$0	$0
FERNANDA L PIO RODA	MEMBER	1.00	Director	$0	$0	$0
PATRICIA B RAKSIN	MEMBER	1.00	Director	$0	$0	$0
SUDHIR R RAO	MEMBER	1.00	Director	$0	$0	$0
SHAWN W ROBINSON	MEMBER	1.00	Director	$0	$0	$0
DAVID D ROTHSCHILD	MEMBER	1.00	Director	$0	$0	$0
PATRICIA S SCHUSTER	MEMBER	1.00	Director	$0	$0	$0
RICHARD B SILBERSTEIN	MEMBER	1.00	Director	$0	$0	$0
CRAIG A THOMPSON	MEMBER	1.00	Director	$0	$0	$0
DAVID J FARACE	HEAD OF SCHOOL	60.00	Officer	$507,355	$162,081	$669,436
SHERRI VOELKEL	CHIEF FINANCIAL OFFICER	50.00	Officer	$244,423	$51,982	$296,405
KATHRYN MUELLER	ASSOCIATE HEAD OF SCHOOL	50.00	Key Emp	$253,655	$36,069	$289,724
KERRY JOHNSTON	DIRECTOR OF DEVELOPMENT	50.00	Key Emp	$189,421	$83,429	$272,850
JACK HARDCASTLE	CHIEF OPERATING OFFICER	50.00	Key Emp	$176,516	$88,344	$264,860
EUNICE DEEGAN	CO-DIRECTOR OF ATHLETICS	50.00	Highest	$136,632	$21,383	$158,015
MERRITT A LIVERMORE	HEAD OF UPPER SCHOOL	50.00	Highest	$155,713	$114,963	$270,676
KEVIN COSTA	DIRECTOR OF INNOVATION LEARNING	50.00	Highest	$141,036	$61,624	$202,660
ROBYN LITTLE	HEAD OF MIDDLE SCHOOL	50.00	Highest	$137,279	$19,894	$157,173
GREGORY WATERS	HVAC TECHNICIAN	40.00	Highest	$135,429	$39,201	$174,630

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	$99,306,105	$71,516,868	$329,632,272	$27,789,237
2024	$77,946,164	$69,272,576	$314,923,288	$8,673,588
2023	$75,254,727	$67,074,408	$299,703,214	$8,180,319
2022	$75,778,569	$63,828,650	$293,896,634	$11,949,919
2021	$66,391,470	$59,258,533	$303,028,509	$7,132,937
2020	$83,365,139	$59,034,826	$267,537,945	$24,330,313
2019	$70,458,243	$58,985,686	$230,223,914	$11,472,557
2018	$66,577,611	$57,559,204	$220,203,288	$9,018,407

MCDONOGH SCHOOL INCORPORATED