CANNON SCHOOL INC (EIN 560935064) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

WHIT BROWN

Phone

7047868171

Tax Period

2024-07-01 to 2025-06-30

CANNON SCHOOL INC, founded in 1968, is a mid-sized nonprofit in the Education sector that reported $33.6M in total revenue in fiscal year 2024.

Mission

CANNON SCHOOL WAS FOUNDED IN 1968 AND IS A NON-PROFIT, INDEPENDENT SCHOOL THAT FOCUSES ON THE INDIVIDUAL STUDENT. THE SCHOOL OCCUPIES A 65-ACRE CAMPUS JUST OFF THE I-85 CORRIDOR IN CONCORD, NC. APPROXIMATELY 1058 STUDENTS WERE ENROLLED AT THE SCHOOL DURING THE FISCAL YEAR IN GRADES JUNIOR KINDERGARTEN THROUGH 12TH GRADE. CANNON ENCOURAGES STUDENTS TO STRETCH TO THEIR FULLEST POTENTIAL AND BECOME ENGAGED STUDENTS AND OUTSTANDING CITIZENS. CANNON'S LOWER SCHOOL STRESSES ACADEMIC EXCELLENCE, WITH A BALANCE OF ENRICHMENT OPPORTUNITIES AND AN EMPHASIS ON CHARACTER DEVELOPMENT. CANNON'S MIDDLE SCHOOL PROVIDES A CLIMATE FOR EMERGING YOUNG ADULTS TO NURTURE THEIR LOVE OF LEARNING, STRENGTHEN THEIR SELF CONCEPT, AND EXPLORE EXTRACURRICULAR ACTIVITIES. CANNON'S UPPER SCHOOL DEDICATES ITSELF TO DEVELOPING TEACHING PRACTICES AND CURRICULUM THAT EQUIP STUDENTS TO LEARN HOW TO LEARN AND IS BASED ON TRADITIONAL COLLEGE PREPARATORY CURRICULUM.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,202,563

Program Service Revenue $30,810,739

Investment Income $1,347,876

Other Revenue $237,306

TOTAL REVENUE $33,598,484

Expense Breakdown

Grants Paid $4,527,513

Salaries & Benefits $18,943,910

Fundraising Expenses $2,399,834

Program Expenses $26,158,563

Other Expenses $10,460,893

TOTAL EXPENSES $33,932,316

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,598,484	$31,821,381	+0.1%
Expenses	$33,932,316	$32,201,326	+0.1%
Net Income	$-333,832	$-379,945	-0.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

416

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

$393,947

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARIN CAIN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JEFF VINING	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL MCDERMOTT	TREASURER	1.00	Officer Director	$0	$0	$0
SEAN HIGBEA	SECRETARY	1.00	Officer Director	$0	$0	$0
DR JESSICA BELL	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT AVETT	TRUSTEE	1.00	Director	$0	$0	$0
REISA BRYAN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID BUTOW	TRUSTEE	1.00	Director	$0	$0	$0
LIZ BRIGHAM	TRUSTEE	1.00	Director	$0	$0	$0
TRACY CORDES-FREI	TRUSTEE	1.00	Director	$0	$0	$0
SHARON GOODWINE	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN DRY	TRUSTEE	1.00	Director	$0	$0	$0
JAMES HARTSELL	TRUSTEE	1.00	Director	$0	$0	$0
TIARA HENDERSON	TRUSTEE	1.00	Director	$0	$0	$0
SUMEET RAMCHANDANI	TRUSTEE	1.00	Director	$0	$0	$0
TOM SCHAFER	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA WAGNER	TRUSTEE	1.00	Director	$0	$0	$0
CHIGOZIE OGWUEGBU-STEPHENS	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT WASHINGTON	TRUSTEE	1.00	Director	$0	$0	$0
ADAM WITTWER	TRUSTEE	1.00	Director	$0	$0	$0
ASHLEY GEORGE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL DREW	HEAD OF SCHOOL	50.00	Officer	$180,368	$4,072	$184,440
WHITNEY BROWN	DIR. OF BUS. AND FINANCE	50.00	Officer	$187,796	$21,711	$209,507
FABIO HURTADO	HEAD OF UPPER SCHOOL	40.00	Highest	$169,109	$19,844	$188,953
AMY HUNT	DIRECTOR OF ADVANCEMENT	40.00	Highest	$201,335	$7,915	$209,250
CARLA MOYER	HEAD OF MIDDLE SCHOOL	40.00	Highest	$145,180	$16,335	$161,515
REGINA NIXON	HEAD OF LOWER SCHOOL	40.00	Highest	$153,248	$17,214	$170,462
WILLIAM DISKIN	DIRECTOR OF ADMISSION AND FINANCIAL AID	40.00	Highest	$139,276	$17,354	$156,630
G CHRISTOPHER JONES	FORMER HEAD OF SCHOOL	50.00		$350,219	$0	$350,219
MATT GOSSAGE	FORMER INTERIM HEAD OF SCHOOL	50.00		$241,548	$18,624	$260,172

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	$33,598,484	$33,932,316	$57,576,364	$-333,832
2024	$31,821,381	$32,201,326	$58,109,621	$-379,945
2023	$35,341,905	$30,197,135	$56,858,605	$5,144,770
2022	$28,580,834	$27,449,830	$52,291,449	$1,131,004
2021	$27,041,581	$25,630,186	$54,359,629	$1,411,395
2020	$24,487,535	$23,485,690	$49,466,650	$1,001,845
2019	$24,293,625	$23,577,551	$50,778,664	$716,074
2018	$23,078,114	$21,921,699	$49,074,909	$1,156,415

CANNON SCHOOL INC