Carolina Day School Inc (EIN 560125490) - 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

1936

Legal Domicile

Phone

8282740757

Tax Period

2024-07-01 to 2025-06-30

Carolina Day School Inc, founded in 1936, is a mid-sized nonprofit in the Education sector that reported $26.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $23.8M left a modest 11% surplus.

Mission

PROVIDING EDUCATIONAL SERVICES TO THE COMMUNITY.

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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 $4,574,300

Program Service Revenue $21,235,430

Investment Income $967,194

Other Revenue $34,360

TOTAL REVENUE $26,811,284

Expense Breakdown

Grants Paid $3,432,047

Salaries & Benefits $14,598,651

Fundraising Expenses $762,744

Program Expenses $20,068,951

Other Expenses $5,731,904

TOTAL EXPENSES $23,762,602

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,811,284	$23,521,962	+0.1%
Expenses	$23,762,602	$21,791,118	+0.1%
Net Income	$3,048,682	$1,730,844	+0.8%

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

274

Volunteers

400

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

$556,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN GOOSMANN	SECRETARY	5.0	Officer Director	$0	$0	$0
BARRY JOHNSON	VICE CHAIR	5.0	Officer Director	$0	$0	$0
JENNIFER BOCK	BOARD CHAIR	5.0	Officer Director	$0	$0	$0
TOM HUNTER	FINANCIE CHAIR/TREASURER	5.0	Officer Director	$0	$0	$0
DIANE FOURTON	TRUSTEE	2.0	Director	$0	$0	$0
ELIZABETH FLYNN	TRUSTEE	2.0	Director	$0	$0	$0
ELIZABETH MAILANDER	TRUSTEE	2.0	Director	$0	$0	$0
EMILY ROBERTS	TRUSTEE/CHAIR-ELECT	2.0	Director	$0	$0	$0
HEATHER HANKS	TRUSTEE	2.0	Director	$0	$0	$0
HILARY THOMAS	TRUSTEE	2.0	Director	$0	$0	$0
HIMANSHU KARVIR	TRUSTEE	2.0	Director	$0	$0	$0
KEMPER BROWN	TRUSTEE	2.0	Director	$0	$0	$0
KRISTI GOODRUM	TRUSTEE	2.0	Director	$0	$0	$0
MARK KIISS	TRUSTEE	2.0	Director	$0	$0	$0
MATTHEW LAZENBY	TRUSTEE	2.0	Director	$0	$0	$0
RANDALL RICHARDSON	TRUSTEE	2.0	Director	$0	$0	$0
STEFANIE UPHAM	TRUSTEE	2.0	Director	$0	$0	$0
TIM MITROVICH	TRUSTEE	2.0	Director	$0	$0	$0
BRETT FUHRMAN	HEAD OF SCHOOL	50.0	Officer	$513,429	$42,654	$556,083
AIMEE PUMAREJO DIAZ	DIRECTOR OF OPERATIONS	40.0	Highest	$115,935	$10,516	$126,451
DIANE MILNER	KEY SCHOOL PRINCIPAL	40.0	Highest	$135,190	$18,121	$153,311
ELAINE KREUZ	DIR. OF ADVANCEMENT	40.0	Highest	$181,257	$24,490	$205,747
LAUREN EVANS	PRE-K - 8 PRINCIPAL	40.0	Highest	$143,747	$22,491	$166,238
TAUNI BUTTERFIELD	ATHLETICS DIRECTOR	40.0	Highest	$143,366	$26,646	$170,012
STEPHANIE WHITNEY	FORMER HEAD OF SCHOOL	50.0		$162,500	$0	$162,500

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	$26,811,284	$23,762,602	$40,303,785	$3,048,682
2024	No data	No data	No data	No data
2023	$21,051,570	$20,728,083	$34,097,937	$323,487
2022	$23,274,107	$19,062,427	$32,933,640	$4,211,680
2021	$19,874,947	$18,827,442	$29,412,889	$1,047,505
2020	$19,013,830	$20,151,406	$29,276,919	$-1,137,576
2019	$19,835,545	$20,414,459	$28,622,548	$-578,914
2018	$18,803,681	$19,186,632	$29,832,611	$-382,951

Carolina Day School Inc