THE LOVETT SCHOOL INC (EIN 580619038) - 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

1926

Legal Domicile

Principal Officer

MEREDYTH M COLE

Phone

4042623032

Tax Period

2024-07-01 to 2025-06-30

THE LOVETT SCHOOL INC, founded in 1926, is a mid-sized nonprofit in the Education sector that reported $92.1M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15.2M, a strong 17% operating margin.

Mission

THE LOVETT SCHOOL IS A K-12 SCHOOL FOR FAMILIES WHO VALUE THE EDUCATION OF THE WHOLE CHILD.

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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 $22,818,482

Program Service Revenue $63,022,919

Investment Income $5,457,036

Other Revenue $757,218

TOTAL REVENUE $92,055,655

Expense Breakdown

Grants Paid $5,830,333

Salaries & Benefits $46,594,845

Fundraising Expenses $3,807,018

Program Expenses $63,094,620

Other Expenses $24,412,110

TOTAL EXPENSES $76,837,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,055,655	$122,258,879	-0.2%
Expenses	$76,837,288	$71,947,243	+0.1%
Net Income	$15,218,367	$50,311,636	-0.7%

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

706

Volunteers

1500

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

$1,305,686

Total Directors

Key Employees

$480,437

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN C STATON III	CHAIR	0.50	Officer Director	$0	$0	$0
FRANK H BRIGGS III	VICE CHAIR	0.50	Officer Director	$0	$0	$0
LEONARD W WOOD JR	TREASURER	0.50	Officer Director	$0	$0	$0
MEGAN APPLE STEPHENSON	SECRETARY	0.50	Officer Director	$0	$0	$0
GARRY L CAPERS JR	OFFICER AT LARGE	0.50	Officer Director	$0	$0	$0
DAVID B ALLMAN	TRUSTEE	0.50	Director	$0	$0	$0
YETTY LEVENSON ARP	TRUSTEE	0.50	Director	$0	$0	$0
JORDAN CLARK	TRUSTEE	0.50	Director	$0	$0	$0
AIMEE CONNOLLY	TRUSTEE	0.50	Director	$0	$0	$0
SYLVIA LOONEY DICK	TRUSTEE	0.50	Director	$0	$0	$0
ELISE BLITCH DRAKE	TRUSTEE	0.50	Director	$0	$0	$0
DAVID GHEGAN	TRUSTEE	0.50	Director	$0	$0	$0
AMY GITHENS	TRUSTEE	0.50	Director	$0	$0	$0
JUSTIN P JONES	TRUSTEE	0.50	Director	$0	$0	$0
MARK KAUFFMAN	TRUSTEE	0.50	Director	$0	$0	$0
JOHN O KNOX JR	TRUSTEE	0.50	Director	$0	$0	$0
AMY ROLLINS KREISLER	TRUSTEE	0.50	Director	$0	$0	$0
NIKUNJ R LAKHA	TRUSTEE	0.50	Director	$0	$0	$0
DON M LEEBERN III	TRUSTEE	0.50	Director	$0	$0	$0
ALISON E LEWIS	TRUSTEE	0.50	Director	$0	$0	$0
EILEEN KEOUGH MILLARD	TRUSTEE	0.50	Director	$0	$0	$0
JAMES T MILLS JR	TRUSTEE	0.50	Director	$0	$0	$0
WADE W MITCHELL	TRUSTEE	0.50	Director	$0	$0	$0
CLAY NALLEY	TRUSTEE	0.50	Director	$0	$0	$0
DAVID W RICE PHD	TRUSTEE	0.50	Director	$0	$0	$0
KEN SNUGGS	TRUSTEE	0.50	Director	$0	$0	$0
PETER E THOMAS PHD	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL WOOCHER	TRUSTEE	0.50	Director	$0	$0	$0
MEREDYTH COLE	CEO/HEAD OF SCHOOL	40.00	Officer	$788,092	$157,152	$945,244
JOHN MONGELLI	CFO	40.00	Officer	$315,217	$45,225	$360,442
PATRICK BOSWELL	HEAD OF UPPER SCHOOL	40.00	Key Emp	$173,672	$21,087	$194,759
CHELLE WABREK	ASSOC HEAD OF SCHOOL	40.00	Key Emp	$242,628	$43,050	$285,678
P GRAY KELLY	COO	40.00	Highest	$210,193	$18,572	$228,765
COURTNEY FERENCIK	SR. DIR. OF MAJOR GIVING	40.00	Highest	$196,825	$15,529	$212,354
TOMMY WELCH	HEAD OF CULTURE AND COMM.	40.00	Highest	$210,728	$35,570	$246,298
MATT GOULD	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$291,316	$21,114	$312,430
CHORLANA FRANCIS	CHRO (UNTIL 1/1/2025)	40.00	Highest	$220,684	$28,909	$249,593

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	$92,055,655	$76,837,288	$339,699,884	$15,218,367
2024	$122,258,879	$71,947,243	$308,477,167	$50,311,636
2023	$68,613,574	$68,280,859	$250,194,070	$332,715
2022	$65,080,718	$61,111,945	$239,138,047	$3,968,773
2021	$63,708,553	$59,045,398	$255,570,564	$4,663,155
2020	$56,636,237	$58,471,560	$223,593,707	$-1,835,323
2019	$59,696,200	$60,185,458	$232,991,150	$-489,258
2018	$67,254,028	$59,760,038	$231,985,404	$7,493,990

THE LOVETT SCHOOL INC