NEW GARDEN FRIENDS SCHOOL INC

EIN: 561002236 501(c)(3)

GREENSBORO, NC

Total Revenue
$5,815,456
Total Expenses
$5,879,685
Total Assets
$7,164,633
Net Assets
$6,421,788
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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
NC
Principal Officer
JASON ROGHELIA
Phone
3362990964
Tax Period
2024-07-01 to 2025-06-30

NEW GARDEN FRIENDS SCHOOL INC, founded in 1971, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

PRIVATE SCHOOL EDUCATING STUDENTS PRE-SCHOOL THROUGH GRADE TWELVE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,101,677
Program Service Revenue $4,518,004
Investment Income $49,253
Other Revenue $146,522
TOTAL REVENUE $5,815,456

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,288,658
Fundraising Expenses $138,732
Program Expenses $4,572,243
Other Expenses $1,591,027
TOTAL EXPENSES $5,879,685

Year-over-Year Comparison

2024 2023 Change
Revenue $5,815,456 $7,915,496 -0.3%
Expenses $5,879,685 $5,848,352 +0.0%
Net Income $-64,229 $2,067,144 -1.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
149
Volunteers
30

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
5
$264,934
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN WOOSTER SECRETARY 0.25
Officer Director
$0 $0 $0
SARAH BRUCE TREASURER 1.00
Officer Director
$0 $0 $0
ALFRED N PURRINGTON CLERK 4.00
Officer Director
$0 $0 $0
TRACEY AVANT TRUSTEE 0.25
Director
$0 $0 $0
TONY ALLEN TRUSTEE 0.25
Director
$0 $0 $0
PAULA KATZ TRUSTEE 0.25
Director
$0 $0 $0
CHELLE JEFFERY TRUSTEE 0.25
Director
$0 $0 $0
KIM COSTELLO ASSISTANT CLERK 0.25
Director
$0 $0 $0
NEIL BELENKY TRUSTEE 0.25
Director
$0 $0 $0
GINA HOWARD TRUSTEE 0.25
Director
$0 $0 $0
JASON ROGHELIA DIRECTOR OF FINANCE 50.00
Officer
$103,197 $500 $103,697
KIM FREEDMAN HEAD OF SCHOOL 60.00
Officer
$147,037 $14,200 $161,237
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 $5,815,456 $5,879,685 $7,164,633 $-64,229
2024 $7,915,496 $5,848,352 $7,362,364 $2,067,144
2023 $5,344,532 $5,440,517 $7,457,939 $-95,985
2022 $4,919,548 $4,827,956 $7,062,720 $91,592
2021 $6,910,447 $4,520,897 $7,084,615 $2,389,550
2020 $4,639,001 $4,721,095 $7,099,242 $-82,094
2019 $4,759,132 $5,103,109 $6,610,070 $-343,977
2018 $4,508,790 $4,807,645 $6,976,227 $-298,855
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