GRYMES MEMORIAL 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

1947

Legal Domicile

Principal Officer

JONATHAN BRAND

Phone

5406721010

Tax Period

2024-07-01 to 2025-06-30

GRYMES MEMORIAL SCHOOL INC, founded in 1947, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $2.2M, a strong 35% operating margin.

Mission

NURTURING CHARACTER, BUILDING THINKERS, CULTIVATING CREATIVITY, FOSTERING COMMUNITY, LAUNCHING LEARNERS.

Program Service Accomplishments

Program 1

Expenses: $2,734,748 Revenue: $3,035,140

GRYMES, SITUATED ON 45 ROLLING ACRES IN THE VIRGINIA PIEDMONT, OFFERS A RIGOROUS, CHARACTER-BASED, CREATIVE, JOYFUL, AND CARING LEARNING ENVIRONMENT TO APPROXIMATELY 160 STUDENTS FROM...

GRYMES, SITUATED ON 45 ROLLING ACRES IN THE VIRGINIA PIEDMONT, OFFERS A RIGOROUS, CHARACTER-BASED, CREATIVE, JOYFUL, AND CARING LEARNING ENVIRONMENT TO APPROXIMATELY 160 STUDENTS FROM PRE-KINDERGARTEN TO 8TH GRADE. THE GRYMES FACULTY AND STAFF ARE A TALENTED GROUP WHO WORK CLOSELY WITH STUDENTS AND THEIR FAMILIES TO FOSTER THE GROWTH OF EACH CHILD. GRYMES GRADUATES ARE WELL-PREPARED FOR THE BEST INDEPENDENT AND PUBLIC SCHOOL PROGRAMS.

Program 2

Expenses: $715,700

APPROXIMATELY 51% OF STUDENTS RECEIVE TUITION REDUCTIONS THROUGH THE GRYMES TUITION ASSISTANCE PROGRAM EACH YEAR.

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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 $2,035,703

Program Service Revenue $3,035,140

Investment Income $948,673

Other Revenue $150,053

TOTAL REVENUE $6,169,569

Expense Breakdown

Grants Paid $715,700

Salaries & Benefits $2,510,457

Fundraising Expenses $257,824

Program Expenses $3,450,448

Other Expenses $780,382

TOTAL EXPENSES $4,006,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,169,569	$7,090,980	-0.1%
Expenses	$4,006,539	$3,762,874	+0.1%
Net Income	$2,163,030	$3,328,106	-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

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

$197,787

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN BRAND	HEAD OF SCHOOL	40.00	Officer	$137,355	$60,432	$197,787
FRANKLIN DANIELS	CHAIR	2.00	Officer Director	$0	$0	$0
PAT BARNHARDT	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
PETE YORK	TREASURER	2.00	Officer Director	$0	$0	$0
MARTY VAN SANTVOORD	SECRETARY	2.00	Officer Director	$0	$0	$0
NEVILLE ALLISON	TRUSTEE	2.00	Director	$0	$0	$0
BOB BERNARD	TRUSTEE	2.00	Director	$0	$0	$0
TOM BOND	TRUSTEE-EMERITUS	0.10	Director	$0	$0	$0
GRAYSON BUTTERFIELD	TRUSTEE	2.00	Director	$0	$0	$0
KEM COURTENAY	TRUSTEE	2.00	Director	$0	$0	$0
MARK HERNDON	TRUSTEE	2.00	Director	$0	$0	$0
GLORIA MASTIN	TRUSTEE	2.00	Director	$0	$0	$0
KATHARINE MCBRIDE	TRUSTEE-EMERITUS	0.10	Director	$0	$0	$0
RUSS RABB	TRUSTEE	2.00	Director	$0	$0	$0
PETER RICE	TRUSTEE	2.00	Director	$0	$0	$0
JANET SEDWICK	TRUSTEE	2.00	Director	$0	$0	$0
ANNE UELTSCHI	TRUSTEE-EMERITUS	0.10	Director	$0	$0	$0
CARLYLE WEAVER	TRUSTEE	2.00	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	$6,169,569	$4,006,539	$29,601,582	$2,163,030
2024	$7,090,980	$3,762,874	$26,107,567	$3,328,106
2023	$6,652,909	$3,722,356	$21,403,083	$2,930,553
2022	$6,131,741	$3,377,707	$16,807,855	$2,754,034
2021	$5,072,615	$3,221,624	$17,179,180	$1,850,991
2020	$2,532,964	$2,960,143	$13,650,390	$-427,179
2019	$4,371,954	$2,864,379	$13,849,191	$1,507,575