MARET SCHOOL INC

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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

1937

Legal Domicile

Principal Officer

WILLIS HOLLOWAY III

Phone

2029398800

Tax Period

2024-07-01 to 2025-06-30

MARET SCHOOL INC, founded in 1937, is a mid-sized nonprofit in the Education sector that reported $41.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $38.7M left a modest 6% surplus.

Mission

MARET IS A VIBRANT K-12, CO-EDUCATIONAL, INDEPENDENT SCHOOL IN WASHINGTON, DC. WE IGNITE OUR STUDENTS' POTENTIAL AND FOSTER THEIR ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS.

Program Service Accomplishments

Program 1

Expenses: $30,835,712 Revenue: $33,613,554

PROVIDE EDUCATION TO STUDENTS FROM KINDERGARTEN THROUGH GRADE TWELVE.

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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 $5,575,807

Program Service Revenue $33,557,024

Investment Income $1,998,643

Other Revenue $117,685

TOTAL REVENUE $41,249,159

Expense Breakdown

Grants Paid $6,285,309

Salaries & Benefits $21,404,807

Fundraising Expenses $1,106,214

Program Expenses $30,835,712

Other Expenses $10,966,534

TOTAL EXPENSES $38,656,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,249,159	$36,401,629	+0.1%
Expenses	$38,656,650	$37,038,838	+0.0%
Net Income	$2,592,509	$-637,209	-5.1%

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

224

Volunteers

450

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

$1,100,734

Total Directors

$762,637

Key Employees

$290,470

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS BISGAARD	HEAD OF SCHOOL	50.00	Officer Director	$694,822	$67,815	$762,637
LEIGH COMAS	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL KIRSHBAUM	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
VADIM NIKITINE	SECRETARY	2.00	Officer Director	$0	$0	$0
ALIFIA DORIWALA	TREASURER	2.00	Officer Director	$0	$0	$0
AAKASH THAKKAR	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
SYLVIA WHITE	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
BIKRAM BAKSHI	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN BOSLAND	TRUSTEE	2.00	Director	$0	$0	$0
LIONEL BROWN	TRUSTEE	2.00	Director	$0	$0	$0
LISA BROWN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID BURTON	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD BYNUM	TRUSTEE	2.00	Director	$0	$0	$0
LAURA DEBONIS	TRUSTEE	2.00	Director	$0	$0	$0
ERICA FARHAT	TRUSTEE	2.00	Director	$0	$0	$0
STEVEN FARINA	TRUSTEE	2.00	Director	$0	$0	$0
MARISA FLOWERS	TRUSTEE	2.00	Director	$0	$0	$0
SHERLONDA GOODE-JONES	TRUSTEE	2.00	Director	$0	$0	$0
DAVID HALL	TRUSTEE	2.00	Director	$0	$0	$0
RICK JUNEJA	TRUSTEE	2.00	Director	$0	$0	$0
HEIDI KONG	TRUSTEE	2.00	Director	$0	$0	$0
LISA PALMER	TRUSTEE	2.00	Director	$0	$0	$0
MCLEAN QUINN	TRUSTEE	2.00	Director	$0	$0	$0
ALEXIS SANT	TRUSTEE	2.00	Director	$0	$0	$0
TRICIA PRIMROSE WALLACE	TRUSTEE	2.00	Director	$0	$0	$0
RACHEL MOORE WELLER	TRUSTEE	2.00	Director	$0	$0	$0
WILLIS HOLLOWAY III	ASST HEAD: FINANCE & OPS	50.00	Officer	$296,297	$41,800	$338,097
SALLY DUNKELBERGER	DIR. OF DEVELOPMENT	50.00	Key Emp	$252,319	$38,151	$290,470
STEVEN TEJADA	DIR. OF UPPER SCHOOL	50.00	Highest	$232,211	$32,912	$265,123
LYNN LEVINSON	ASST HEAD: STUDENT LIFE	50.00	Highest	$190,800	$35,400	$226,200
ANNIE FARQUHAR	DIRECTOR OF ADMISSIONS	50.00	Highest	$189,679	$32,322	$222,001
MARIA LOPEZ	ASST. HEAD: ACADEMIC AFFAIRS	50.00	Highest	$196,828	$22,118	$218,946
JAIME ESTRADA	LANGUAGE DEPT. CHAIR	50.00	Highest	$184,383	$32,383	$216,766

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	$41,249,159	$38,656,650	$126,471,016	$2,592,509
2024	No data	No data	No data	No data
2023	$38,602,883	$35,675,618	$103,245,519	$2,927,265
2022	$40,685,591	$33,518,481	$97,996,233	$7,167,110
2021	$32,872,375	$31,744,889	$98,243,426	$1,127,486
2020	$32,040,477	$30,800,804	$85,100,962	$1,239,673
2019	$30,234,017	$30,886,997	$84,819,101	$-652,980
2018	$32,000,554	$29,378,406	$88,927,968	$2,622,148