ASHEVILLE SCHOOL INC (EIN 560530248) - 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

1900

Legal Domicile

Principal Officer

DR ANTHONY SGRO

Phone

8282546345

Tax Period

2022-07-01 to 2023-06-30

ASHEVILLE SCHOOL INC, founded in 1900, is a mid-sized nonprofit in the Education sector that reported $22.9M in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. Net assets of $105.8M represent 55 months of operating reserves.

Mission

TO PREPARE STUDENTS FOR THEIR FUTURE AND TO PROVIDE A DIVERSE, ENGAGED, AND SMALL SCHOOL COMMUNITY ATMOSPHERE THAT ALLOWS THEM TO STRIVE FOR EXCELLENCE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,116,119

Program Service Revenue $19,441,256

Investment Income $1,015,261

Other Revenue $349,752

TOTAL REVENUE $22,922,388

Expense Breakdown

Grants Paid $4,131,535

Salaries & Benefits $10,122,900

Fundraising Expenses $1,330,157

Program Expenses $20,104,675

Other Expenses $9,546,629

TOTAL EXPENSES $23,801,064

Year-over-Year Comparison

	2022	2021	Change
Revenue	$22,922,388	$30,624,972	-0.3%
Expenses	$23,801,064	$21,410,726	+0.1%
Net Income	$-878,676	$9,214,246	-1.1%

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

155

Volunteers

160

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

$828,074

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony H Sgro	Head of School/Secretary	50.0	Officer	$547,454	$51,842	$599,296
Scott Miller	School Counselor	40.0	Highest	$105,444	$84,690	$190,134
Ashly Maag	Director of Advancement	40.0	Highest	$110,837	$23,178	$134,015
CARL BOLAND	ATHLETIC DIRECTOR	40.0	Highest	$126,194	$4,481	$130,675
Rob McArthur	DEPARTING CFOO	50.0	Officer	$103,722	$19,823	$123,545
FRANK KRIEGLER	FACULTY	40.0	Highest	$108,193	$632	$108,825
CHRISTOPHER ARBOR	FACULTY	40.0	Highest	$102,720	$5,480	$108,200
Caroline B Seay	INCOMING CFOO	50.0	Officer	$94,805	$10,428	$105,233
Walter G Cox Jr	Chair	4.0	Officer Director	$0	$0	$0
Lara Glass	Co-Vice-Chair	1.0	Officer Director	$0	$0	$0
Thomas H Shores Jr	Co-Vice-Chair	1.0	Officer Director	$0	$0	$0
Jose A Gonzalez	Treasurer	1.0	Officer Director	$0	$0	$0
Thomas E Cone	Trustee	1.0	Director	$0	$0	$0
Dana Corsello	Trustee	1.0	Director	$0	$0	$0
Elizabeth P Ewing	Trustee	1.0	Director	$0	$0	$0
Miya R Gray	Trustee	1.0	Director	$0	$0	$0
Alex J Hagan	Trustee	1.0	Director	$0	$0	$0
Mary Robinson Hervig	Trustee	1.0	Director	$0	$0	$0
Doug Hutcherson	Trustee	1.0	Director	$0	$0	$0
Elizabeth Klump	Trustee	1.0	Director	$0	$0	$0
Janet Ley	Trustee	1.0	Director	$0	$0	$0
Marcellus C Parker	Trustee	1.0	Director	$0	$0	$0
Dexter V Perry	Trustee	1.0	Director	$0	$0	$0
Oliver G Prince JR	Trustee	1.0	Director	$0	$0	$0
Hyde Russell	Trustee	1.0	Director	$0	$0	$0
Scott E Shealy	Trustee	1.0	Director	$0	$0	$0
David M Stover	Trustee	1.0	Director	$0	$0	$0
Morgan Mischer Warth	Trustee	1.0	Director	$0	$0	$0
John W Willingham	Trustee	1.0	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$22,922,388	$23,801,064	$112,516,620	$-878,676
2022	$30,624,972	$21,410,726	$109,072,100	$9,214,246
2021	$29,671,136	$21,142,013	$117,692,814	$8,529,123
2020	$26,056,515	$18,646,491	$96,778,586	$7,410,024
2019	$22,706,487	$18,339,405	$96,169,776	$4,367,082
2018	$30,485,745	$18,587,887	$91,211,374	$11,897,858

ASHEVILLE SCHOOL INC