THE GALLOWAY SCHOOLS INC (EIN 581052217) - 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

1969

Legal Domicile

Principal Officer

Amir Farokhi

Phone

4042528389

Tax Period

2024-07-01 to 2025-06-30

THE GALLOWAY SCHOOLS INC, founded in 1969, is a mid-sized nonprofit that reported $25.4M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $29.9M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE GALLOWAY SCHOOL IS A COMMUNITY WHERE LEARNING IS JOYFUL, INDIVIDUALS ARE VALUED, AND SELF-DISCOVERY IS ENCOURAGED

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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 $1,414,203

Program Service Revenue $26,448,264

Investment Income $-2,474,721

Other Revenue $8,259

TOTAL REVENUE $25,396,005

Expense Breakdown

Grants Paid $1,988,864

Salaries & Benefits $17,033,572

Fundraising Expenses $691,575

Program Expenses $24,520,244

Other Expenses $10,892,316

TOTAL EXPENSES $29,914,752

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,396,005	$28,005,905	-0.1%
Expenses	$29,914,752	$27,632,131	+0.1%
Net Income	$-4,518,747	$373,774	-13.1%

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

317

Volunteers

200

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

$1,043,366

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JAMES CALLEROZ WHITE	PRESIDENT	40.0	Officer	$583,065	$80,998	$664,063
KELLY KELLY	PRINCIPAL - EL	40.0	Highest	$158,852	$62,021	$220,873
GORDON MATHIS	HEAD OF COMMUNITY ENGAGEMENT	40.0	Highest	$158,998	$44,120	$203,118
Carolyn Cadiou	VP OF FINANCE	40.0	Officer	$183,294	$6,428	$189,722
Kristin Wold	Chief Operations Officer	40.0	Officer	$133,707	$55,874	$189,581
SARAH ARMSTRONG	DIRECTOR OF ATHLETICS	40.0	Highest	$162,285	$26,984	$189,269
Paige Smith	Director of Development	40.0	Highest	$126,710	$55,327	$182,037
James Foreman	Director of Admissions	40.0	Highest	$141,460	$40,144	$181,604
VERONIQUE KESSLER	VP of Finance - thru Dec '23	40.0		$121,102	$5,296	$126,398
KOBOI SIMPSON	CHAIR	1.0	Director	$0	$0	$0
BILL STEVENS	VICE CHAIR	1.0	Director	$0	$0	$0
PATTY FOGLESONG	SECRETARY	1.0	Director	$0	$0	$0
ELLEN ORTHWEIN	TREASURER	1.0	Director	$0	$0	$0
JENNY GRUEL	TRUSTEE	1.0	Director	$0	$0	$0
CAREY DENNEY	TRUSTEE	1.0	Director	$0	$0	$0
GIANCARLO GIANNETTI	TRUSTEE	1.0	Director	$0	$0	$0
GEORGE MCKERROW	TRUSTEE	1.0	Director	$0	$0	$0
KEVIN LUPTOWSKI	TRUSTEE	1.0	Director	$0	$0	$0
Todd Benjamin	Trustee	1.0	Director	$0	$0	$0
Brett Curry	Trustee	1.0	Director	$0	$0	$0
Justin Dinerman	Trustee	1.0	Director	$0	$0	$0
Adam Dorfman	Trustee	1.0	Director	$0	$0	$0
Nadrea Njoku	Trustee	1.0	Director	$0	$0	$0
Dee Slaughter	Trustee	1.0	Director	$0	$0	$0
Shaun Winters	Trustee	1.0	Director	$0	$0	$0
Marci Silverman	Trustee	1.0	Director	$0	$0	$0
Hillary Hendrix	Alumni Council President	1.0	Director	$0	$0	$0
Shannon Cain	Parent's Association President	1.0	Director	$0	$0	$0
Hillery McNeill	Trustee Emeritus	1.0	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	$25,396,005	$29,914,752	$74,247,257	$-4,518,747
2024	$28,005,905	$27,632,131	$77,287,014	$373,774
2023	$36,225,166	$26,393,895	$73,693,841	$9,831,271
2022	$25,020,643	$23,590,485	$64,710,713	$1,430,158
2021	$26,436,611	$22,970,065	$65,537,207	$3,466,546
2020	$23,402,433	$22,435,693	$59,471,450	$966,740
2019	$23,427,139	$22,010,447	$57,608,928	$1,416,692
2018	$23,249,231	$22,436,674	$55,711,382	$812,557

THE GALLOWAY SCHOOLS INC