THE RALEIGH 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

1955

Legal Domicile

Principal Officer

KELLY JORDAN

Phone

9195460788

Tax Period

2024-07-01 to 2025-06-30

THE RALEIGH SCHOOL INC, founded in 1955, is a community nonprofit in the Education sector that reported $7.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $6.4M left a modest 10% surplus.

Mission

THE RALEIGH SCHOOL IS AN INDEPENDENT CO-EDUCATIONAL DAY SCHOOL SERVING CHILDREN FROM 18 MONTHS THROUGH FIFTH GRADE.

Program Service Accomplishments

Program 1

Expenses: $5,028,143 Revenue: $5,758,067

PROVIDED PRESCHOOL CLASSES FOR 137 CHILDREN UNDER THE AGE OF FIVE AND PROVIDED KINDERGARTEN THROUGH FIFTH GRADE SCHOOLING FOR 263 CHILDREN.

Program 2

Expenses: $210,709 Revenue: $380,235

PROVIDED AFTER SCHOOL CARE, ENRICHMENT CLUBS AND SUMMER CAMP FOR ENROLLED CHILDREN.

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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 $478,044

Program Service Revenue $6,138,302

Investment Income $426,395

Other Revenue $56,153

TOTAL REVENUE $7,098,894

Expense Breakdown

Grants Paid $157,120

Salaries & Benefits $4,300,925

Fundraising Expenses $294,247

Program Expenses $5,238,852

Other Expenses $1,949,314

TOTAL EXPENSES $6,407,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,098,894	$6,551,837	+0.1%
Expenses	$6,407,359	$6,077,935	+0.1%
Net Income	$691,535	$473,902	+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

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

$439,393

Total Directors

$576,192

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE BANKS	CHAIR	2.00	Officer Director	$0	$0	$0
MICHELE JONCZAK	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN CEGLOWSKI	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
JESSICA WEAVER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLOTTE ROYSTER	TREASURER	1.00	Officer Director	$0	$0	$0
COLLEEN BASHAR	BOARD MEMBER	1.00	Director	$0	$0	$0
JASPER BERARD	BOARD MEMBER	1.00	Director	$0	$0	$0
DON BERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE GARDINER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL GIRALT	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIV HIRA	BOARD MEMBER	1.00	Director	$0	$0	$0
PRADEEP METTU	BOARD MEMBER	1.00	Director	$0	$0	$0
CORY MYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMI POLGE	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL RAVA	BOARD MEMBER	1.00	Director	$0	$0	$0
YASMIN SADIQ	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY JORDAN	HEAD OF SCHOOL	40.00	Officer Director	$276,318	$35,711	$312,029
ELIZABETH GILLELAND	PRESCHOOL DIRECTOR	40.00	Director	$112,851	$21,998	$134,849
ADAM SHERLAND	ELEMENTARY DIRECTOR	40.00	Director	$103,382	$25,932	$129,314
MICHAEL BERARD	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER CAMPBELL	DIRECTOR OF FINANCE & OPER	35.00	Officer	$67,948	$13,955	$81,903
KRISTA HURLBUT	DIRECTOR OF FINANCE & OPER	40.00	Officer	$42,042	$3,419	$45,461

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	$7,098,894	$6,407,359	$14,518,231	$691,535
2024	No data	No data	No data	No data
2023	$5,787,085	$5,708,285	$12,908,935	$78,800
2022	$5,836,047	$5,630,317	$12,576,083	$205,730
2021	$6,056,870	$5,425,612	$13,452,378	$631,258
2020	$5,124,959	$5,301,992	$12,831,631	$-177,033
2019	$6,331,771	$5,093,528	$12,788,792	$1,238,243
2018	$5,227,381	$5,009,489	$11,650,952	$217,892