CANTERBURY SCHOOL INC

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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

1964

Legal Domicile

Principal Officer

RICHARD KIRSCHNER

Phone

2394814323

Tax Period

2024-07-01 to 2025-06-30

CANTERBURY SCHOOL INC, founded in 1964, is a mid-sized nonprofit in the Education sector that reported $30.1M in total revenue in fiscal year 2024. Expenses of $29.0M left a modest 4% surplus.

Mission

CANTERBURY SCHOOL IS PK3-12, COEDUCATIONAL, COLLEGE PREPARATORY DAY SCHOOL WITH APPROXIMATELY 650 STUDENTS. THE SCHOOL IS DEDICATED TO ACADEMIC EXCELLENCE WITHIN A CARING AND SUPPORTIVE COMMUNITY EMPHASIZING CHARACTER, LEADERSHIP AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $23,724,665 Revenue: $27,265,675

CANTERBURY HISTORY IS RICH IN LEADERSHIP AND VISION BY THOSE WHO HAVE COME BEFORE US AS DONORS, VISIONARIES AND VOLUNTEERS. TOGETHER THEY HAVE SET THE COURSE FOR WHAT CANTERBURY IS TODAY, A...

CANTERBURY HISTORY IS RICH IN LEADERSHIP AND VISION BY THOSE WHO HAVE COME BEFORE US AS DONORS, VISIONARIES AND VOLUNTEERS. TOGETHER THEY HAVE SET THE COURSE FOR WHAT CANTERBURY IS TODAY, A WELL-RESPECTED EDUCATIONAL INSTITUTION PRODUCING STUDENTS WHO ARE PREPARED FOR SUCCESS IN COLLEGE AND BEYOND.(CONTINUED ON SCHEDULE O).

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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 $2,678,061

Program Service Revenue $26,983,139

Investment Income $375,685

Other Revenue $62,455

TOTAL REVENUE $30,099,340

Expense Breakdown

Grants Paid $7,039,881

Salaries & Benefits $13,851,867

Fundraising Expenses $1,296,757

Program Expenses $23,724,665

Other Expenses $8,102,280

TOTAL EXPENSES $28,994,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,099,340	$28,679,965	+0.0%
Expenses	$28,994,028	$27,742,210	+0.0%
Net Income	$1,105,312	$937,755	+0.2%

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

238

Volunteers

100

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

$377,819

Total Directors

Key Employees

$343,534

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY CRATE	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE DAMIANI	CHAIR	1.00	Officer Director	$0	$0	$0
DOM CAMERATTA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GLORIA CAESAR	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD KIRSCHNER	HEAD OF SCHOOL	40.00	Officer	$351,819	$26,000	$377,819
GEORGE PAPPAS	ASSOCIATE HEAD OF SCHOOL	40.00	Key Emp	$183,404	$0	$183,404
SUSAN CHICONE	ASSISTANT HEAD FOR FINANCE	40.00	Key Emp	$160,130	$0	$160,130
NIKKI ERNST	HEAD OF LOWER SCHOOL	40.00	Highest	$113,797	$0	$113,797
FRANK TURCO	ATHLETIC DIRECTOR	40.00	Highest	$123,629	$0	$123,629
SHARON LACONI	HEAD OF MIDDLE SCHOOL	1.00	Highest	$101,936	$0	$101,936

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	$30,099,340	$28,994,028	$32,142,886	$1,105,312
2024	No data	No data	No data	No data
2023	$26,259,471	$26,103,907	$34,416,801	$155,564
2022	$28,305,527	$24,358,207	$32,100,512	$3,947,320
2021	$22,378,121	$21,692,560	$32,775,511	$685,561
2019	$23,638,435	$19,488,710	$32,236,169	$4,149,725
2018	$17,966,337	$17,807,974	$30,201,765	$158,363