THE WESTFIELD SCHOOL INC (EIN 581092735) - 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

1971

Legal Domicile

Principal Officer

WILLIAM CARROLL

Phone

4789870547

Tax Period

2023-07-01 to 2024-06-30

THE WESTFIELD SCHOOL INC, founded in 1971, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2023.

Mission

INDEPENDENT EDUCATION OPPORTUNITIES FOR APPROXIMATELY 600 STUDENTS IN GRADES K-4 THROUGH 12.

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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 (2023)

Revenue Breakdown

Contributions & Grants $295,938

Program Service Revenue $8,202,720

Investment Income $118,252

Other Revenue $82,888

TOTAL REVENUE $8,699,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,543,764

Fundraising Expenses $111,698

Program Expenses $5,984,373

Other Expenses $2,960,946

TOTAL EXPENSES $8,504,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,699,798	$8,128,560	+0.1%
Expenses	$8,504,710	$7,379,911	+0.2%
Net Income	$195,088	$748,649	-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

136

Volunteers

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

$283,942

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM CARROLL	HEADMASTER	40.00	Officer	$182,508	$0	$182,508
KRISTINA TAYLOR	CFO	40.00	Officer	$101,434	$0	$101,434
TOM BULGER	TRUSTEE	1.00	Director	$0	$0	$0
AUSTIN DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
LAWTON PEARSON	CHAIRMAN	1.00	Director	$0	$0	$0
JOYE GOODWIN	TRUSTEE	1.00	Director	$0	$0	$0
SKEET HULBERT	TRUSTEE	1.00	Director	$0	$0	$0
SHELDON SHELTON	VICE CHAIRMA	1.00	Director	$0	$0	$0
MIKE WALLER	TRUSTEE	1.00	Director	$0	$0	$0
KRISSY WALKER	TRUSTEE	1.00	Director	$0	$0	$0
AMY LODEN	TRUSTEE	1.00	Director	$0	$0	$0
BURKE MURPH	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT FREE	TRUSTEE	1.00	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	No data	No data	No data	No data
2024	$8,699,798	$8,504,710	$17,432,276	$195,088
2023	$8,128,560	$7,379,911	$16,387,480	$748,649
2022	$7,536,301	$6,707,783	$15,049,852	$828,518
2021	$7,775,997	$6,383,670	$14,236,716	$1,392,327

THE WESTFIELD SCHOOL INC