PROVIDENCE DAY 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

1971

Legal Domicile

Principal Officer

GLYN COWLISHAW

Phone

7048876000

Tax Period

2024-07-01 to 2025-06-30

PROVIDENCE DAY SCHOOL INC, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $72.9M in total revenue in fiscal year 2024. Expenses of $63.6M left a modest 13% surplus.

Mission

PROVIDENCE DAY SCHOOL EXISTS TO INSPIRE IN ITS STUDENTS A PASSION FOR LEARNING, A COMMITMENT TO PERSONAL INTEGRITY, AND A SENSE OF SOCIAL RESPONSIBILITY. THE SCHOOL IS COMMITTED TO DEVELOPING STUDENT LEADERS WHO HAVE THE NECESSARY KNOWLEDGE, SKILLS AND CHARACTER TRAITS TO SUCCEED IN THE 21ST CENTURY GLOBAL ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $51,920,545 Revenue: $60,325,954

PROVIDENCE DAY SCHOOL IS KNOWN FOR ITS INNOVATIVE APPROACH AND FOCUS ON GLOBAL STUDIES, AS ONE OF JUST SIX SCHOOLS NATIONWIDE TO OFFER A GLOBAL STUDIES DIPLOMA AND A ROUND SQUARE SCHOOL; FOR ITS...

PROVIDENCE DAY SCHOOL IS KNOWN FOR ITS INNOVATIVE APPROACH AND FOCUS ON GLOBAL STUDIES, AS ONE OF JUST SIX SCHOOLS NATIONWIDE TO OFFER A GLOBAL STUDIES DIPLOMA AND A ROUND SQUARE SCHOOL; FOR ITS EMPHASIS ON SOCIAL RESPONSIBILITY, PROUD TO BE A PRIVATE SCHOOL WITH A PUBLIC PURPOSE, INCLUDING DOZENS OF COMMUNITY PARTNERSHIPS AND ITS UNIQUE FREEDOM SCHOOL SITE; FOR ITS COMMITMENT TO EDUCATION IN SCIENCE AND TECHNOLOGY, AND THE APPLICATION OF INNOVATION TO TEACHING; FOR ITS ACCOMPLISHED SCHOLAR-ATHLETES, WHO WIN STATE AND LOCAL CHAMPIONSHIPS AND GO ON TO DIVISION 1 TEAMS AND PRO LEAGUES INCLUDING THE NBA, WNBA, AND MLS; AND FOR ITS DEEP FOCUS ON THE ARTS, DOMINATING REGIONAL AND STATEWIDE HONORS. THE SCHOOL'S GREATEST STRENGTH IS ITS FACULTY, WHO SERVE AS NATIONAL AP READERS AND HOLD 101 MASTER'S DEGREES AND 15 PH.DS; THEIR ACCOLADES RANGE FROM A REGIONAL EMMY TO A NEWBERY HONOR BOOK AWARD TO AN AMERICAN GEOGRAPHICAL SOCIETY TEACHER FELLOWSHIP.

Program 2

Expenses: $1,054,849 Revenue: $1,509,895

FOR 30 YEARS, PROVIDENCE DAY HAS HELPED CHILDREN GROW STRONG THROUGH SUMMER CAMP OPPORTUNITIES IN SPORTS, ACADEMICS, ART, TECHNOLOGY, AND MORE. THE SUMMER PROGRAM IS OPEN TO THE PUBLIC.

Program 3

Expenses: $1,095,917 Revenue: $1,701,320

THE EXTENDED DAY PROGRAM, A NATIONALLY RECOGNIZED AFTER-SCHOOL PROGRAM, FOR THE LOWER SCHOOL STUDENTS OF PROVIDENCE DAY SCHOOL. THE EXTENDED DAY PROGRAM PROVIDES AN ENRICHING EXPERIENCE FOR...

THE EXTENDED DAY PROGRAM, A NATIONALLY RECOGNIZED AFTER-SCHOOL PROGRAM, FOR THE LOWER SCHOOL STUDENTS OF PROVIDENCE DAY SCHOOL. THE EXTENDED DAY PROGRAM PROVIDES AN ENRICHING EXPERIENCE FOR PROVIDENCE DAY SCHOOL'S LOWER SCHOOL STUDENTS. TEACHERS ACTIVELY PROMOTE EACH CHILD'S SOCIAL, EMOTIONAL, AND PHYSICAL DEVELOPMENT THROUGH NURTURING RELATIONSHIPS, FLEXIBLE SCHEDULING, AND CHOICES THAT REFLECT EACH CHILD'S INDIVIDUAL NEEDS, INTERESTS, AND ABILITIES.THE PROGRAM OPENS AFTER SCHOOL, ON TEACHER WORKDAYS AND MOST SCHOOL HOLIDAYS WITH ACTIVITY CHOICES THAT RANGE FROM ART, COOKING, GARDENING, SEWING AND SPORTS AS WELL AS OVER 20 WEEKLY ENRICHMENT PROGRAMS.

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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 $7,395,413

Program Service Revenue $64,323,691

Investment Income $1,022,187

Other Revenue $149,345

TOTAL REVENUE $72,890,636

Expense Breakdown

Grants Paid $4,751,335

Salaries & Benefits $42,364,619

Fundraising Expenses $2,013,717

Program Expenses $55,458,554

Other Expenses $16,476,070

TOTAL EXPENSES $63,592,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,890,636	$70,156,808	+0.0%
Expenses	$63,592,024	$60,730,268	+0.0%
Net Income	$9,298,612	$9,426,540	0.0%

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

640

Volunteers

750

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

$1,109,358

Total Directors

Key Employees

$1,351,313

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM RATCHFORD	CHAIR	5.00	Officer Director	$0	$0	$0
COLLIN RICKS JR	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
TAREQ AMIN	TREASURER	5.00	Officer Director	$0	$0	$0
ED HENEGAR	SECRETARY	5.00	Officer Director	$0	$0	$0
AMY BOHL	TRUSTEE	5.00	Director	$0	$0	$0
CHRISTOPHER CAMPBELL	TRUSTEE	5.00	Director	$0	$0	$0
MOHAMMAD DAHER	TRUSTEE	5.00	Director	$0	$0	$0
SOPHIA PAIGE FEEMSTER	TRUSTEE	5.00	Director	$0	$0	$0
JOHN GRAY	TRUSTEE	5.00	Director	$0	$0	$0
CHARLES GRIGG	TRUSTEE	5.00	Director	$0	$0	$0
CHAD HAGLER	TRUSTEE	5.00	Director	$0	$0	$0
JOY HORD	TRUSTEE	5.00	Director	$0	$0	$0
COREY LEE	TRUSTEE	5.00	Director	$0	$0	$0
ELISSA MOORE	TRUSTEE	5.00	Director	$0	$0	$0
JILLIAN PALASH	TRUSTEE	5.00	Director	$0	$0	$0
SUNITA PRZYBYLO	TRUSTEE	5.00	Director	$0	$0	$0
BENJAMIN SLOOP	TRUSTEE	5.00	Director	$0	$0	$0
EDWARD YU	TRUSTEE	5.00	Director	$0	$0	$0
GLYN COWLISHAW	HEAD OF SCHOOL	70.00	Officer	$721,400	$47,085	$768,485
KRISTEN KRAL	AHS FOR FINANCE & RISK MGM	55.00	Officer	$329,198	$11,675	$340,873
MICHAEL MAGNO	ASSOCIATE HEAD OF SCHOOL	55.00	Key Emp	$256,067	$36,816	$292,883
JEFF APPEL	ASST. HEAD OF SCHOOL FOR I	55.00	Key Emp	$334,991	$44,333	$379,324
TODD SWARTZ	ASST. HEAD OF SCHOOL FOR H	55.00	Key Emp	$258,527	$40,698	$299,225
LISA KNIGHT	ADMISSIONS DIRECTOR	55.00	Key Emp	$187,264	$19,719	$206,983
TYRONE JEAN	DIRECTOR OF EIB	55.00	Key Emp	$158,598	$14,300	$172,898
ERIN FERRELL	LOWER SCHOOL DIRECTOR	55.00	Highest	$174,122	$36,552	$210,674
NANCY BEATTY	ATHLETIC DIRECTOR	55.00	Highest	$178,339	$26,681	$205,020
BRANNON TAPPY	DIRECTOR OF MIDDLE SCHOOL	55.00	Highest	$151,568	$22,181	$173,749
JOHN GRIER	ATHLETIC COACH	55.00	Highest	$142,662	$32,079	$174,741
MATT SCULLY	DIRECTOR OF TECHNOLOGY	55.00	Highest	$147,619	$12,805	$160,424

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	$72,890,636	$63,592,024	$165,663,876	$9,298,612
2024	No data	No data	No data	No data
2023	$59,696,055	$57,452,503	$140,239,161	$2,243,552
2022	$55,863,625	$52,721,636	$127,803,587	$3,141,989
2021	$50,140,053	$48,187,655	$110,524,658	$1,952,398
2020	$47,614,569	$47,298,651	$101,423,765	$315,918
2019	$44,654,804	$45,063,916	$102,946,127	$-409,112
2018	$43,029,223	$41,955,352	$102,242,510	$1,073,871