ST GEORGE'S INDEPENDENT SCHOOL

EIN: 621761850 501(c)(3) Education

COLLIERVILLE, TN

Total Revenue
$15,993,928
Total Expenses
$23,484,883
Total Assets
$64,254,130
Net Assets
$20,903,561
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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
1999
Legal Domicile
TN
Principal Officer
CAROL MIRAGLIA
Phone
9014572138
Tax Period
2024-07-01 to 2025-06-30

ST GEORGE'S INDEPENDENT SCHOOL, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $16.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $23.5M exceeded revenue, resulting in a 47% operating deficit.

Mission

CO-EDUCATIONAL PRIVATE SCHOOL FOR GRADES PRE-K TROUGH TWELVE ON 3 CAMPUSES IN MEMPHIS, TN.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $30,930
Program Service Revenue $15,542,848
Investment Income $5,444
Other Revenue $414,706
TOTAL REVENUE $15,993,928

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,317,964
Fundraising Expenses $379,117
Program Expenses $11,607,154
Other Expenses $8,166,919
TOTAL EXPENSES $23,484,883

Year-over-Year Comparison

2024 2023 Change
Revenue $15,993,928 $17,143,981 -0.1%
Expenses $23,484,883 $21,694,362 +0.1%
Net Income $-7,490,955 $-4,550,381 +0.6%
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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Governance

Voting Members
21
Independent Members
21
Employees
412
Volunteers
50

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
4
$0
Total Directors
26
$304,454
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR BEN MRVA BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MS LAUREN W YOUNG VICE CHAIR 1.00
Officer Director
$0 $0 $0
DR KAVITA K DALSANIA SECRETARY 1.00
Officer Director
$0 $0 $0
MS CAROL MIRAGLIA TREASURER 1.00
Officer Director
$0 $0 $0
DR OLAMIDE ADELEYE TRUSTEE 1.00
Director
$0 $0 $0
MR EDWARD H COLLIER TRUSTEE 1.00
Director
$0 $0 $0
MR ANDREW C COWAN TRUSTEE 1.00
Director
$0 $0 $0
MS HOPE DMUCHOWSKI TRUSTEE 1.00
Director
$0 $0 $0
MR PHILIP HARRIS TRUSTEE 1.00
Director
$0 $0 $0
MR ERIC KEANE TRUSTEE 1.00
Director
$0 $0 $0
MS EMMY KITOLO TRUSTEE 1.00
Director
$0 $0 $0
MR ROBERT E LAND JR TRUSTEE 1.00
Director
$0 $0 $0
MR JONATHAN MOOREHEAD TRUSTEE 1.00
Director
$0 $0 $0
MR MARK SAALFIELD NORRIS JR TRUSTEE 1.00
Director
$0 $0 $0
MR KEITH OKELLO TRUSTEE 1.00
Director
$0 $0 $0
MR CHRIS PATTERSON TRUSTEE 1.00
Director
$0 $0 $0
THE REV OLLIE V RENCHER TRUSTEE 1.00
Director
$0 $0 $0
MR DONALD C ROBBINS TRUSTEE 1.00
Director
$0 $0 $0
MS AMY E SISSON TRUSTEE 1.00
Director
$0 $0 $0
MS DORREE JANE SMITH TRUSTEE 1.00
Director
$0 $0 $0
MR WILLIAM W TAYLOR TRUSTEE 1.00
Director
$0 $0 $0
MR LUKE PRUETT EX-OFFICIO TRUSTEE/ HEAD OF SCHOOL 40.00
Director
$203,042 $0 $203,042
MS HAILEY FARRELL EX-OFFICIO TRUSTEE/PARENTS ASSOCIATION CHAIR 1.00
Director
$0 $0 $0
MR PARKER WILSON FOSSETT EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
MS AUTUMN JONES EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
MS ANGIE SIMPSON CHIEF BUSINESS OFFICER 40.00
Director
$101,412 $0 $101,412
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 $15,993,928 $23,484,883 $64,254,130 $-7,490,955
2024 $17,143,981 $21,694,362 $60,494,893 $-4,550,381
2023 $16,865,791 $20,427,686 $59,074,815 $-3,561,895
2022 $20,730,211 $20,212,191 $59,834,340 $518,020
2021 $18,810,630 $19,297,439 $60,663,289 $-486,809
2020 $21,151,710 $22,282,942 $62,976,799 $-1,131,232
2019 $17,708,754 $20,763,364 $59,691,752 $-3,054,610
2018 $18,028,533 $20,826,789 $63,941,229 $-2,798,256
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