THE NEW SCHOOL INC (EIN 710422196) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

JOHN WRIGHT

Phone

4795217037

Tax Period

2024-07-01 to 2025-06-30

THE NEW SCHOOL INC, founded in 1971, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2017. Expenses of $9.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE NEW SCHOOL, AN INDEPENDENT SCHOOL, IS DEDICATED TO INSPIRING A LOVE OF LEARNING AND EMPOWERING STUDENTS TO REACH THEIR POTENTIAL FOR ACADEMIC ACHIEVEMENT, CREATIVITY, AND CITIZENSHIP.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,156,276

Program Service Revenue $7,670,828

Investment Income $130,658

Other Revenue $130,324

TOTAL REVENUE $11,088,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,374,860

Fundraising Expenses $40,499

Program Expenses $9,357,535

Other Expenses $5,047,982

TOTAL EXPENSES $11,422,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,088,086	$9,888,663	+0.1%
Expenses	$11,422,842	$10,772,414	+0.1%
Net Income	$-334,756	$-883,751	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

238

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

$580,161

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WRIGHT	CHAIR	4.00	Officer Director	$0	$0	$0
MICHAEL CHANEY	VICE CHAIR	4.00	Officer Director	$0	$0	$0
BRYAN HUNT	SECRETARY	4.00	Officer Director	$0	$0	$0
RAJA KALI	TREASURER	4.00	Officer Director	$0	$0	$0
SHELLEY SIMMONS	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER DAUT	BOARD MEMBER	2.00	Director	$0	$0	$0
AYOOLA CARLETON	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY JACOBSON	BOARD MEMBER	2.00	Director	$0	$0	$0
STACEY STURNER	BOARD MEMBER	2.00	Director	$0	$0	$0
CALVIN WHITE JR	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
TYLER BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
JARED SHOLK	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY VINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
EDWARD PREWITT	TRUSTEE EMERITUS	2.00	Director	$0	$0	$0
NANCY LANG	HEAD OF SCHOOL	60.00	Officer	$402,985	$21,409	$424,394
ERIN GOERKE	CHIEF FINANCIAL OFFICER	50.00	Officer	$144,086	$11,681	$155,767

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	$11,088,086	$11,422,842	$31,958,579	$-334,756
2024	$9,888,663	$10,772,414	$32,904,313	$-883,751
2023	$7,197,573	$10,259,650	$34,055,178	$-3,062,077
2022	$6,740,007	$9,224,237	$37,205,858	$-2,484,230
2021	$6,395,577	$8,929,243	$39,755,955	$-2,533,666
2020	$7,007,388	$9,213,151	$42,347,790	$-2,205,763
2019	$6,794,819	$9,739,829	$45,242,522	$-2,945,010
2018	$7,674,341	$8,998,732	$48,266,075	$-1,324,391

THE NEW SCHOOL INC