BROOKSTONE SCHOOL INC (EIN 586003670) - 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

1959

Legal Domicile

Principal Officer

Henry Heil

Phone

7063241392

Tax Period

2022-07-01 to 2023-06-30

BROOKSTONE SCHOOL INC, founded in 1959, is a mid-sized nonprofit in the Education sector that reported $16.0M in total revenue in fiscal year 2022. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $18.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

Brookstone School, Inc is a private school providing quality education to pre-kindergarten through twelfth grade.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,720,622

Program Service Revenue $12,800,725

Investment Income $1,303,803

Other Revenue $155,809

TOTAL REVENUE $15,980,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,830,605

Fundraising Expenses $145,486

Program Expenses $16,239,519

Other Expenses $7,772,853

TOTAL EXPENSES $18,603,458

Year-over-Year Comparison

	2022	2021	Change
Revenue	$15,980,959	$24,481,396	-0.3%
Expenses	$18,603,458	$17,873,701	+0.0%
Net Income	$-2,622,499	$6,607,695	-1.4%

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

325

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

$583,575

Total Directors

Key Employees

$471,472

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mr Frank Martin Lester Jr	Head of School	40	Officer	$286,870	$14,133	$301,003
Ms Laura C Einsel	Assistant Head of School for Finance and Operations	40	Officer	$158,899	$5,001	$163,900
Mr Garry Sullivan	Assistant Head of Upper School	40	Key Emp	$117,225	$15,295	$132,520
Mrs Javonne Stewart	Head of Intermediate School and interim Head of Lower School	40	Key Emp	$108,314	$12,285	$120,599
Mrs Bonnie Smith	Learning Center Director and Assistant Head of School	40	Officer	$114,038	$4,634	$118,672
Ransom Gillespie	Athletic Director	40	Key Emp	$110,280	$3,300	$113,580
Kristopher Maguire	Head of Middle School	40	Key Emp	$88,000	$16,773	$104,773
Mrs Stephanie Hunter	Trustee	1	Director	$0	$0	$0
Mrs Lee Lee James	Treasurer	1	Director	$0	$0	$0
Mr Henry Swift	Trustee	1	Director	$0	$0	$0
Mr Jason Branch	Past Chair	1	Director	$0	$0	$0
Mrs Katie Krieg	Trustee	1	Director	$0	$0	$0
Dr Linda Hadley	Trustee	1	Director	$0	$0	$0
Mr Fray McCormick	Tustee	1	Director	$0	$0	$0
Dr Edwin Page	Trustee	1	Director	$0	$0	$0
Mrs Lane Riley	Trustee	1	Director	$0	$0	$0
Mr Cal Martin	Trustee	1	Director	$0	$0	$0
Mrs Kornisha Brown	Trustee	1	Director	$0	$0	$0
Mr Mat Swift	Assistant Secretary Treasurer	1	Director	$0	$0	$0
Mr Keith Chambless	Trustee	1	Director	$0	$0	$0
Mr Bill Turner III	Trustee	1	Director	$0	$0	$0
Mr Will White	Trustee	1	Director	$0	$0	$0
Mr Travis Wade	Vice Chair and Chair-Elect	1	Director	$0	$0	$0
Dr Woodrow McWilliams	Trustee	1	Director	$0	$0	$0
Mr Steve Butler	Secretary	1	Director	$0	$0	$0
Mr Edward Hudson	Trustee	1	Director	$0	$0	$0
Dr Ted Thorne	Trustee	1	Director	$0	$0	$0
Mr Billy Blanchard	Chairman	1	Director	$0	$0	$0
Mr Bo Bickerstaff	Trustee	1	Director	$0	$0	$0
Dr Vik Chhokar	Trustee	1	Director	$0	$0	$0
Mr Heath Schondelmayer	Trustee	1	Director	$0	$0	$0
Mr Paul Amos	Trustee	1	Director	$0	$0	$0
Mrs Sara Dismuke	Trustee	1	Director	$0	$0	$0
Mr Mark Lane	Trustee	1	Director	$0	$0	$0
Betsy Leebern	Trustee	1	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	No data	No data	No data	No data
2023	$15,980,959	$18,603,458	$71,051,784	$-2,622,499
2022	$24,481,396	$17,873,701	$71,035,506	$6,607,695
2021	$18,382,524	$16,914,453	$72,235,814	$1,468,071
2020	$16,821,307	$16,943,653	$63,939,399	$-122,346
2019	$15,949,923	$16,881,400	$64,355,257	$-931,477
2018	$18,990,279	$16,308,595	$65,264,529	$2,681,684

BROOKSTONE SCHOOL INC