GRAY STONE EDUCATIONAL FOUNDATION INC DBA GRAY STONE DAY SCHOOL (EIN 562211005) - 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

2003

Legal Domicile

Principal Officer

HELEN NANCE

Phone

7044630567

Tax Period

2024-07-01 to 2025-06-30

GRAY STONE EDUCATIONAL FOUNDATION INC DBA GRAY STONE DAY SCHOOL, founded in 2003, is a community nonprofit in the Education sector that reported $7.8M in total revenue in fiscal year 2024. Expenses of $7.3M left a modest 7% surplus.

Mission

TO OPERATE A CHARTER SCHOOL IN NORTH CAROLINA

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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 $7,504,052

Program Service Revenue $340,999

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,845,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,281,793

Other Expenses $7,322,560

TOTAL EXPENSES $7,322,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,845,051	$7,542,851	+0.0%
Expenses	$7,322,560	$7,377,807	0.0%
Net Income	$522,491	$165,044	+2.2%

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

118

Volunteers

N/A

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

$186,819

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES PARNELL	BOARD MEMBER	5.00	Director	$0	$0	$0
STEPHEN CHAMBERS	CHAIRMAN OF THE BOARD	5.00	Officer Director	$0	$0	$0
RON GARROW	BOARD MEMBER	5.00	Director	$0	$0	$0
JIM HILLIER	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID BEAVER	BOARD MEMBER	5.00	Director	$0	$0	$0
PAT BRAMLETT	BOARD MEMBER	5.00	Director	$0	$0	$0
HELEN NANCE	CHIEF ADMINISTRATOR	40.00	Officer	$141,863	$44,956	$186,819

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	$7,845,051	$7,322,560	$15,304,769	$522,491
2024	$7,542,851	$7,377,807	$14,788,403	$165,044
2023	$7,487,489	$6,519,194	$15,116,741	$968,295
2022	$7,493,327	$6,503,804	$16,754,071	$989,523
2021	$7,624,974	$6,635,957	$19,949,952	$989,017
2020	$6,765,212	$7,171,527	$20,453,371	$-406,315
2019	$6,886,748	$6,538,872	$19,465,817	$347,876
2018	$6,357,854	$5,332,999	$15,409,384	$1,024,855

GRAY STONE EDUCATIONAL FOUNDATION INC DBA GRAY STONE DAY SCHOOL