THE WEBB SCHOOL (EIN 620401875) - 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

1921

Legal Domicile

Principal Officer

KENNETH CHEESEMAN

Phone

9313899322

Tax Period

2023-07-01 to 2024-06-30

THE WEBB SCHOOL, founded in 1921, is a mid-sized nonprofit in the Education sector that reported $17.3M in total revenue in fiscal year 2023. Expenses of $20.8M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE OLDEST CONTINUOUSLY OPERATING BOARDING SCHOOL IN THE SOUTH, EDUCATING GRADES 6-12.

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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 $1,384,301

Program Service Revenue $14,805,645

Investment Income $907,873

Other Revenue $186,209

TOTAL REVENUE $17,284,028

Expense Breakdown

Grants Paid $4,323,803

Salaries & Benefits $8,913,945

Fundraising Expenses $1,028,251

Program Expenses $15,217,827

Other Expenses $7,545,170

TOTAL EXPENSES $20,782,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,284,028	$16,627,521	+0.0%
Expenses	$20,782,918	$20,565,660	+0.0%
Net Income	$-3,498,890	$-3,938,139	-0.1%

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

185

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

$688,632

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH CHEESEMAN	HEAD OF SCHOOL	60.0	Officer	$361,205	$66,327	$427,532
JAMES CALLIS	ASSOCIATE HEAD OF SCHOOL	60.0	Officer	$203,854	$57,246	$261,100
NICOLE TAUCARE	ASST HEAD FOR ACADEMIC & ARTS	50.0	Highest	$103,957	$54,303	$158,260
TABETHA SULLENS	ASSOCIATE HEAD OF ENROLLMENT	50.0	Highest	$100,752	$24,696	$125,448
LEIGH ADAMS	DIRECTOR OF DEVELOPMENT	50.0	Highest	$100,666	$11,399	$112,065
BEN BLAKELY	TRUSTEE	1.0	Director	$0	$0	$0
BILL HARDIN	TRUSTEE	1.0	Director	$0	$0	$0
CHASE SPURLOCK	TRUSTEE	1.0	Director	$0	$0	$0
DREW CARRINGTON	TRUSTEE	1.0	Director	$0	$0	$0
EFFIE JOHNSON	TRUSTEE	1.0	Director	$0	$0	$0
EVAN COPE	TRUSTEE	1.0	Director	$0	$0	$0
FARRAR SCHAEFFER VAUGHAN	TRUSTEE	1.0	Director	$0	$0	$0
GERALD FOLLIN III	TRUSTEE	1.0	Director	$0	$0	$0
GWEN OWEN	TRUSTEE	1.0	Director	$0	$0	$0
H LEE WOOSLEY III	TRUSTEE	1.0	Director	$0	$0	$0
HUDSON BYRD	TRUSTEE	1.0	Director	$0	$0	$0
JEFF WHORLEY	TRUSTEE	1.0	Director	$0	$0	$0
JEFFREY HOWARD	TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH MOONEY	TRUSTEE	1.0	Director	$0	$0	$0
KEITH BARTON	TRUSTEE	1.0	Director	$0	$0	$0
LIZA PALMER GIPSON	TRUSTEE	1.0	Director	$0	$0	$0
MATTHEW LAYMAN	TRUSTEE	1.0	Director	$0	$0	$0
MELORA TURNER	TRUSTEE	1.0	Director	$0	$0	$0
OLLY WANG	TRUSTEE	1.0	Director	$0	$0	$0
PAUL JENNINGS	TRUSTEE	1.0	Director	$0	$0	$0
SAM LASSETER	TRUSTEE	1.0	Director	$0	$0	$0
SANDI PUETT	TRUSTEE	1.0	Director	$0	$0	$0
SCOTT CRICHTON	TRUSTEE	1.0	Director	$0	$0	$0
TOM COOPER	TRUSTEE	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	No data	No data	No data	No data
2024	$17,284,028	$20,782,918	$66,014,362	$-3,498,890
2023	$16,627,521	$20,565,660	$67,138,612	$-3,938,139
2022	$16,831,517	$18,966,419	$67,756,813	$-2,134,902
2021	$18,551,010	$15,163,365	$70,401,090	$3,387,645
2020	$17,050,080	$12,727,864	$58,148,661	$4,322,216
2019	$13,126,576	$12,405,438	$56,629,409	$721,138
2018	$12,281,824	$11,710,310	$50,128,917	$571,514

THE WEBB SCHOOL