GASTON 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

1966

Legal Domicile

Principal Officer

DAVIDSON ROBERT HOBSON

Phone

7048647744

Tax Period

2024-07-01 to 2025-06-30

GASTON DAY SCHOOL INC, founded in 1966, is a mid-sized nonprofit in the Education sector that reported $12.2M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $11.9M left a modest 3% surplus.

Mission

GASTON DAY SCHOOL (GDS) IS AN INDEPENDENT SCHOOL WHOSE MISSION IS TO EDUCATE OUR STUDENTS AND PREPARE THEM FOR SUCCESS AND RESPONSIBLE AND PRODUCTIVE LIVES. GDS OFFERS AN EXPERIENCE THAT REWARDS STUDENTS FOR A LIFETIME AND GIVES THEM AN EDUCATION THAT GOES FAR BEYOND OUR CURRICULUM.

Program Service Accomplishments

Program 1

Expenses: $8,333,991 Revenue: $10,581,063

GASTON DAY SCHOOL, INC. (GDS) IS A NONSECTARIAN, COLLEGE-PREPARATORY SCHOOL FOR GRADES PRESCHOOL THROUGH 12 WITH OVER 500 STUDENTS. ACADEMIC EXCELLENCE IS THE SCHOOL'S HALLMARK: THE ELEMENTARY AND...

GASTON DAY SCHOOL, INC. (GDS) IS A NONSECTARIAN, COLLEGE-PREPARATORY SCHOOL FOR GRADES PRESCHOOL THROUGH 12 WITH OVER 500 STUDENTS. ACADEMIC EXCELLENCE IS THE SCHOOL'S HALLMARK: THE ELEMENTARY AND MIDDLE SCHOOL SCORE IN THE TOP HALF OF THE NATION'S INDEPENDENT SCHOOLS ON STANDARDIZED TESTS; SAT SCORES ON CRITICAL READING AND MATH ARE CONSTANTLY GASTON COUNTY'S HIGHEST; AND OUR AP TEST PASS RATE IS OVER 80%. WITH GENERAL ACADEMIC EXCELLENCE IN ALL UPPER SCHOOL SUBJECTS, THE WRITING AND FINE ARTS PROGRAMS REGULARLY WIN REGIONAL AND NATIONAL AWARDS. ATHLETICS AND THE FINE ARTS REMAIN INTEGRAL TO THE COMPREHENSIVE EDUCATION THAT THE SCHOOL PROVIDES. GDS HAS A RICH HISTORY AND LOOKS FORWARD TO A BRIGHT FUTURE OF CONTINUED GROWTH AND ACADEMIC EXCELLENCE.

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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 $881,166

Program Service Revenue $10,581,063

Investment Income $525,494

Other Revenue $259,293

TOTAL REVENUE $12,247,016

Expense Breakdown

Grants Paid $1,837,776

Salaries & Benefits $5,802,040

Fundraising Expenses $67,561

Program Expenses $8,333,991

Other Expenses $4,238,860

TOTAL EXPENSES $11,878,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,247,016	$20,420,497	-0.4%
Expenses	$11,878,676	$11,043,488	+0.1%
Net Income	$368,340	$9,377,009	-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

Governance

Voting Members

Independent Members

Employees

182

Volunteers

170

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

$248,210

Total Directors

Key Employees

$171,210

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVIDSON ROBERT HOBSON	HEAD OF SCHO	50.00	Officer	$230,000	$18,210	$248,210
VANN NOBLETT	DIRECTOR OF	50.00	Key Emp	$155,000	$16,210	$171,210
TAMARA BURRELL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF COLYER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
LEEANN HARRIS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BEN HINTON	DIRECTOR	1.00	Director	$0	$0	$0
BETSY HURST	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN LEBIODA	DIRECTOR	1.00	Director	$0	$0	$0
MORKOR NEWMAN	CHAIR	2.00	Officer Director	$0	$0	$0
LIZ SISK	EX-OFFOCIO	1.00	Director	$0	$0	$0
ERNEST SUMNER	TREASURER	2.00	Officer Director	$0	$0	$0
JEFF VANACORE	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA WARLICK	SECRETARY	2.00	Officer Director	$0	$0	$0

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	$12,247,016	$11,878,676	$42,918,855	$368,340
2024	$20,420,497	$11,043,488	$37,949,392	$9,377,009
2023	$9,633,875	$10,422,585	$27,061,909	$-788,710
2022	$10,422,542	$10,296,772	$26,136,128	$125,770
2021	$10,760,636	$10,020,829	$27,801,670	$739,807
2020	$10,205,435	$9,596,412	$26,255,997	$609,023
2019	$9,261,987	$9,507,358	$25,264,987	$-245,371
2018	$13,596,701	$9,030,989	$25,440,541	$4,565,712