PINE CREST PREPARATORY SCHOOL INC (EIN 590861374) - 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

1989

Legal Domicile

Principal Officer

NANCY N GREENE

Phone

9544924100

Tax Period

2023-07-01 to 2024-06-30

PINE CREST PREPARATORY SCHOOL INC, founded in 1989, is a major nonprofit in the Education sector that reported $130.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $115.0M left a modest 12% surplus.

Mission

NANCY GREENE, JOSEPH MARKHAM, AND JEFFRY JOHNSON RECEIVED NONTAXABLE HOUSING BENEFITS OF $25,000, $26,050, AND $18,250 RESPECTIVELY FOR ON-CAMPUS HOUSING WHERE THEY ARE REQUIRED TO LIVE AS A CONDITION OF THEIR EMPLOYMENT FOR THE CONVENIENCE OF THE SCHOOL. THESE AMOUNTS ARE INCLUDED IN NONTAXABLE BENEFITS SHOWN ON PART II, COLUMN (D).

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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 $6,705,332

Program Service Revenue $114,185,166

Investment Income $9,033,859

Other Revenue $328,183

TOTAL REVENUE $130,252,540

Expense Breakdown

Grants Paid $8,224,668

Salaries & Benefits $61,235,905

Fundraising Expenses $1,900,204

Program Expenses $96,039,949

Other Expenses $45,505,484

TOTAL EXPENSES $114,966,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$130,252,540	$119,364,958	+0.1%
Expenses	$114,966,057	$104,393,588	+0.1%
Net Income	$15,286,483	$14,971,370	+0.0%

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

840

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

$1,482,514

Total Directors

Key Employees

$1,452,476

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE SANDOW	PAST CHAIR	2.00	Officer Director	$0	$0	$0
JAY SCHWEDELSON	CHAIR	2.00	Officer Director	$0	$0	$0
TODD ROSENBERG	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ADONICA BLACK	TRUSTEE (START 05/24)	2.00	Director	$0	$0	$0
KEVIN BOOTHE	TRUSTEE	2.00	Director	$0	$0	$0
ARCHANA CHAWLA	TRUSTEE	2.00	Director	$0	$0	$0
STEPHANIE CHEN	TRUSTEE	2.00	Director	$0	$0	$0
HEATHER EDWARDS	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN FERRO	TRUSTEE	2.00	Director	$0	$0	$0
JON HAGE	TRUSTEE	2.00	Director	$0	$0	$0
RONALD HALIGMAN	TRUSTEE (THRU 05/24)	2.00	Director	$0	$0	$0
TIM INGHAM	TRUSTEE	2.00	Director	$0	$0	$0
JOANNE JULIEN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID KANTOR	TRUSTEE	2.00	Director	$0	$0	$0
ANNA KIM	TRUSTEE	2.00	Director	$0	$0	$0
DAVID KIRSCHNER	TRUSTEE	2.00	Director	$0	$0	$0
TERESA LEE	TRUSTEE	2.00	Director	$0	$0	$0
GEORGE LEMIEUX	TRUSTEE	2.00	Director	$0	$0	$0
XIAOYI ALICIA MA	TRUSTEE (THRU 05/24)	2.00	Director	$0	$0	$0
ASHLEY PALMER LINDSAY	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD SASSO	TRUSTEE	2.00	Director	$0	$0	$0
RANDI STANLEY	TRUSTEE	2.00	Director	$0	$0	$0
MICHELE STOCKER	TRUSTEE (START 05/24)	2.00	Director	$0	$0	$0
MONICA WEINBERG	TRUSTEE	2.00	Director	$0	$0	$0
DANA MARKHAM	PRESIDENT	40.00	Officer	$863,998	$42,773	$906,771
NANCY GREENE	VP OF FINANCE & OPERATIONS/CFO	40.00	Officer	$372,751	$71,693	$444,444
MEAGAN OBST	CORPORATE SECRETARY	40.00	Officer	$75,107	$56,192	$131,299
MELANIE CONNORS	HEAD OF SCHOOL BOCA/VP OF ADMISSION	40.00	Key Emp	$263,002	$85,980	$348,982
JOSEPH MARKHAM	VP OF SECURITY AND SUPPORT SERVICES AND CRISIS MGM	40.00	Key Emp	$245,108	$53,989	$299,097
LISA OCKERMAN	VP OF ACADEMICS	40.00	Key Emp	$191,262	$17,490	$208,752
ALISA KARTEN	VP OF PHILANTHROPIC EGMT (START 7/23)	40.00	Key Emp	$190,288	$29,185	$219,473
WHITNEY WALTERS-SACHS	VP, SCHOOL AND LEGAL AFFAIRS	40.00	Key Emp	$292,266	$83,906	$376,172
MARCIA HUNT	DEAN OF COLLEGE AND ACADEMIC ADVISING	40.00	Highest	$225,859	$30,720	$256,579
JEFFRY JOHNSON	ATHLETIC DIR/ASST DIR OF SUPPORT SERVICES	40.00	Highest	$187,746	$86,351	$274,097
KRISTIN SHEALY	LS DIVISION HEAD/ASST HEAD OF SCHOOL	40.00	Highest	$167,109	$25,504	$192,613
AMY VARO-HAUB	DIVISION HEAD - MIDDLE SCHOOL	40.00	Highest	$179,617	$79,750	$259,367
JOSEPH WALTERS	US DIVISION HEAD/ASSOC HEAD OF SCHOOL	40.00	Highest	$212,397	$77,530	$289,927
SUSAN PEIRCE	FORMER VP OF PHILANTHROPIC EGMT	40.00		$122,671	$22,870	$145,541

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	$130,252,540	$114,966,057	$411,225,081	$15,286,483
2023	$119,364,958	$104,393,588	$370,504,634	$14,971,370
2022	$117,032,606	$94,365,772	$333,237,666	$22,666,834
2021	$107,442,323	$89,023,871	$324,574,141	$18,418,452
2020	$99,682,237	$91,743,005	$245,801,031	$7,939,232
2019	$94,637,012	$92,983,619	$241,089,084	$1,653,393
2018	$92,388,707	$89,308,361	$229,450,983	$3,080,346

PINE CREST PREPARATORY SCHOOL INC