WAKEFIELD 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

1978

Legal Domicile

Principal Officer

ASHLEY HARPER

Phone

5402537500

Tax Period

2024-07-01 to 2025-06-30

WAKEFIELD SCHOOL INC, founded in 1978, is a mid-sized nonprofit in the Education sector that reported $13.1M in total revenue in fiscal year 2024.

Mission

TO FOSTER THE CHARACTER, CURIOSITY, & CLEAR VOICES THE WORLD NEEDS

Program Service Accomplishments

Program 1

Expenses: $8,936,088 Revenue: $11,485,451

FOUNDED IN 1972, WAKEFIELD SCHOOL IS AN INDEPENDENT, COLLEGE-PREPARATORY DAY SCHOOL SERVING STUDENTS IN JUNIOR KINDERGARTEN THROUGH GRADE 12. WITH 380 STUDENTS AND AN 8:1 STUDENT-TO-TEACHER RATIO...

FOUNDED IN 1972, WAKEFIELD SCHOOL IS AN INDEPENDENT, COLLEGE-PREPARATORY DAY SCHOOL SERVING STUDENTS IN JUNIOR KINDERGARTEN THROUGH GRADE 12. WITH 380 STUDENTS AND AN 8:1 STUDENT-TO-TEACHER RATIO, WAKEFIELD OFFERS A PERSONALIZED, RIGOROUS LIBERAL ARTS EDUCATION IN A CLOSE-KNIT COMMUNITY. INSTRUCTIONAL PROGRAMS INCLUDE THE TUITION COST FOR ALL STUDENTS DURING A NORMAL SCHOOL YEAR.

Program 2

Expenses: $1,659,199 Revenue: $56,102

STUDENT SERVICE PROGRAMS INCLUDE ALL SUPPORT ACTIVITIES FOR STUDENTS AND INCLUDES SPORTS, FIELD TRIP FEES, AND OTHER FEES ENCOMPASSING THE DAILY STUDENT EDUCATION PROGRAM.

Program 3

Expenses: $294,118 Revenue: $317,223

AUXILIARY PROGRAMS INCLUDE ALL ANCILLARY ACTIVITIES OUTSIDE OF INSTRUCTIONAL AND STUDENT SERVICES, AND INCLUDES ACTIVITIES SUCH AS AFTER-SCHOOL ACTIVITIES AND SUMMER PROGRAMS, LUNCH, AND BUS FEES.

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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 $1,155,513

Program Service Revenue $11,858,776

Investment Income $156,861

Other Revenue $-78,357

TOTAL REVENUE $13,092,793

Expense Breakdown

Grants Paid $2,354,448

Salaries & Benefits $7,001,574

Fundraising Expenses $402,470

Program Expenses $10,889,405

Other Expenses $4,026,553

TOTAL EXPENSES $13,382,575

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,092,793	$12,669,250	+0.0%
Expenses	$13,382,575	$13,182,196	+0.0%
Net Income	$-289,782	$-512,946	-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

136

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

$508,329

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE MCLAMB	CHAIR OF BOARD	5.00	Officer Director	$0	$0	$0
KATHRYN ALEDA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN WHITSON	SECRETARY	1.00	Officer Director	$0	$0	$0
COLEMAN RECTOR	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID BASSAM	TRUSTEE	1.00	Director	$0	$0	$0
DIANA CORONA	TRUSTEE	1.00	Director	$0	$0	$0
JAY BRYANT	TRUSTEE	1.00	Director	$0	$0	$0
PIERS CAREY	TRUSTEE	1.00	Director	$0	$0	$0
KAREN WAY	TRUSTEE	1.00	Director	$0	$0	$0
GRACIE WITHERS	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
DARRIN MOLLETT	TRUSTEE	1.00	Director	$0	$0	$0
JOHN NEFF	TRUSTEE	1.00	Director	$0	$0	$0
MOLLY OHRSTROM	TRUSTEE	1.00	Director	$0	$0	$0
LINDA RICH	TRUSTEE	1.00	Director	$0	$0	$0
DEVON RAMIREZ	TRUSTEE	1.00	Director	$0	$0	$0
ASHLEY HARPER	HEAD OF SCHOOL	50.00	Officer	$307,308	$35,345	$342,653
VINCENT DEVITO	CHIEF FINANCIAL OFFICER	40.00	Officer	$152,358	$13,318	$165,676
KERRY OWEN	HEAD OF LOWER AND MIDDLE SCHOOL	40.00	Highest	$111,158	$7,075	$118,233
TOUSSAINT SUMMERS	DIRECTOR OF ATHLETICS	40.00	Highest	$102,336	$8,682	$111,018

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	$13,092,793	$13,382,575	$19,882,416	$-289,782
2024	$12,669,250	$13,182,196	$19,822,599	$-512,946
2023	$12,516,762	$12,570,650	$20,507,313	$-53,888
2022	$12,570,122	$12,145,186	$21,121,136	$424,936
2021	$12,268,956	$10,796,911	$21,347,789	$1,472,045
2020	$9,572,700	$9,716,578	$19,693,970	$-143,878