Westminster 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

1962

Legal Domicile

Principal Officer

Nancy Schuler

Phone

7032563620

Tax Period

2024-07-01 to 2025-06-30

Westminster School Inc, founded in 1962, is a community nonprofit in the Education sector that reported $8.8M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $8.1M left a modest 8% surplus.

Mission

To provide the opportunity for a superior elementary and middle school education based on exceptionally high curricula and standards.

Program Service Accomplishments

Program 1

Expenses: $7,107,936 Revenue: $8,060,196

Private education program for grades preschool through middle school (8th grade). The School has 229 students.

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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 $758,076

Program Service Revenue $8,060,196

Investment Income $36,999

Other Revenue $-8,175

TOTAL REVENUE $8,847,096

Expense Breakdown

Grants Paid $1,875,792

Salaries & Benefits $4,641,673

Fundraising Expenses $229,372

Program Expenses $7,107,936

Other Expenses $1,590,260

TOTAL EXPENSES $8,107,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,847,096	$8,168,768	+0.1%
Expenses	$8,107,725	$7,841,666	+0.0%
Net Income	$739,371	$327,102	+1.3%

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

$303,045

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nancy Schuler	Head of School	60.00	Officer	$188,550	$9,428	$197,978
Dolores Nelson	Business Manager/Secretary	40.00	Officer	$100,064	$5,003	$105,067
Kathryn Jacobson	Assistant Head of School	40.00	Highest	$100,064	$12,872	$112,936
Charlotte Foster	Dir of Curriculum and Publications	40.00	Highest	$102,493	$5,125	$107,618
Mojan Nourbakhsh	Trustee	0.50	Director	$0	$0	$0
Nina Breen	Trustee	1.00	Director	$0	$0	$0
Michael Townsend	Trustee	0.50	Director	$0	$0	$0
Capt Matthew Holcomb	Trustee	0.50	Director	$0	$0	$0
Nathaniel Smith	Trustee	0.50	Director	$0	$0	$0
Francine Cannon	Trustee	0.50	Director	$0	$0	$0
Jennie Wills	Trustee	0.50	Director	$0	$0	$0
Lane Nemirow	Trustee	0.50	Director	$0	$0	$0
Keith Fulk	Chair	2.00	Officer Director	$0	$0	$0
Clay Carney	Treasurer	1.00	Officer 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	$8,847,096	$8,107,725	$9,341,747	$739,371
2024	$8,168,768	$7,841,666	$7,677,310	$327,102
2023	$7,411,193	$7,330,749	$7,277,346	$80,444
2022	$7,488,716	$6,959,978	$7,024,021	$528,738
2021	$6,792,806	$6,374,497	$6,281,101	$418,309
2020	$6,569,192	$6,267,930	$5,800,792	$301,262
2019	$6,299,465	$6,147,267	$5,650,334	$152,198