CHARLOTTE COUNTRY DAY SCHOOL (EIN 560623935) - 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

1941

Legal Domicile

Principal Officer

DR TARA CHRISTIE KINSEY

Phone

7049434500

Tax Period

2024-07-01 to 2025-06-30

CHARLOTTE COUNTRY DAY SCHOOL, founded in 1941, is a mid-sized nonprofit in the Education sector that reported $67.4M in total revenue in fiscal year 2024. Net assets of $225.9M represent 40 months of operating reserves.

Mission

CHARLOTTE COUNTRY DAY SCHOOL PROVIDES COMPREHENSIVE EDUCATIONAL PROGRAMS FOR GRADES JUNIOR KINDERGARTEN THROUGH GRADE 12 ON A NON-DISCRIMINATORY BASIS.

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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 $6,697,723

Program Service Revenue $56,955,626

Investment Income $3,410,319

Other Revenue $369,735

TOTAL REVENUE $67,433,403

Expense Breakdown

Grants Paid $4,345,620

Salaries & Benefits $42,848,056

Fundraising Expenses $3,244,631

Program Expenses $57,742,656

Other Expenses $21,596,499

TOTAL EXPENSES $68,790,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,433,403	$64,354,557	+0.0%
Expenses	$68,790,175	$67,209,159	+0.0%
Net Income	$-1,356,772	$-2,854,602	-0.5%

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

728

Volunteers

600

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

$925,202

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL B BOWLES	TRUSTEE	3.00	Director	$0	$0	$0
LUTHER J BLYTHE JR	TRUSTEE	3.00	Director	$0	$0	$0
BRIAN F CHAMBERS	TRUSTEE	3.00	Director	$0	$0	$0
DR KANDI DEITEMEYER	TRUSTEE	3.00	Director	$0	$0	$0
PONTEA F DIXON	TRUSTEE	3.00	Director	$0	$0	$0
SAMUEL E FARNHAM SR	TRUSTEE	3.00	Director	$0	$0	$0
SAMUEL B HOOD	TRUSTEE	3.00	Director	$0	$0	$0
SHANON JONES	TRUSTEE	3.00	Director	$0	$0	$0
DR TIFFANI M JONES	TRUSTEE	3.00	Director	$0	$0	$0
LUIS M LLUBERAS	TRUSTEE	3.00	Director	$0	$0	$0
SU PING LU	TRUSTEE	3.00	Director	$0	$0	$0
MICHAEL B MAGUIRE	TRUSTEE	3.00	Director	$0	$0	$0
KELLY WALTON MILLER	TRUSTEE	3.00	Director	$0	$0	$0
STANTON D MCCULLOUGH	TRUSTEE	3.00	Director	$0	$0	$0
ALI M SUMMERVILLE	TRUSTEE	3.00	Director	$0	$0	$0
JENNIFER J WARD	TRUSTEE	3.00	Director	$0	$0	$0
ANN E WILLEY	TRUSTEE	3.00	Director	$0	$0	$0
HOWARD C BISSELL	LIFE TRUSTEE	3.00	Director	$0	$0	$0
SALLY CANNON SAUSSY	LIFE TRUSTEE	3.00	Director	$0	$0	$0
WILLIAM H ZIMMERN	CHAIR	3.00	Officer Director	$0	$0	$0
DR LAUREN I BROWNE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
DR LISA M TOPPIN	VICE CHAIR	3.00	Officer Director	$0	$0	$0
R GLENN SHERRILL JR	VICE CHAIR	3.00	Officer Director	$0	$0	$0
ANDREW W TATE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
RONALD E ELIASEK JR	SECRETARY-TREASURER	3.00	Officer Director	$0	$0	$0
DAVID L MANCOS	CFO & INTERIM HOS (12/23 - 6/25)	70.00	Officer	$472,956	$452,246	$925,202
SCOTT M WAYBRIGHT	ASSISTANT HEAD OF SCHOOL THRU 12/24	50.00	Highest	$243,779	$25,323	$269,102
KATHARINE H ATKINS	DIRECTOR OF ADVANCEMENT	50.00	Highest	$241,490	$73,629	$315,119
WARREN M SEPKOWITZ	HEAD OF MIDDLE SCHOOL	50.00	Highest	$221,111	$25,277	$246,388
GREGORY J WALTERS	DIRECTOR OF FACILITIES AND OPERATIONS	50.00	Highest	$204,518	$24,606	$229,124
WILLIAM MULCAHY	HEAD OF LOWER SCHOOL	50.00	Highest	$177,321	$75,685	$253,006
MARCEL GAUTHIER	FORMER HEAD OF SCHOOL	0.00		$639,058	$9,108	$648,166

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	$67,433,403	$68,790,175	$262,956,937	$-1,356,772
2024	$64,354,557	$67,209,159	$258,609,580	$-2,854,602
2023	$65,113,849	$61,683,409	$255,177,582	$3,430,440
2022	$84,569,309	$55,239,225	$247,639,345	$29,330,084
2021	$57,558,870	$53,533,155	$226,176,676	$4,025,715
2020	$77,552,004	$49,843,815	$213,319,665	$27,708,189
2019	$52,320,055	$49,126,407	$180,296,590	$3,193,648

CHARLOTTE COUNTRY DAY SCHOOL