RIDGEWOOD SCHOOL INC (EIN 720720383) - 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

1971

Legal Domicile

Principal Officer

MILTON J MONTGOMERY JR

Phone

5048352575

Tax Period

2022-08-01 to 2023-07-31

RIDGEWOOD SCHOOL INC, founded in 1971, is a small nonprofit in the Education sector that reported $619K in total revenue in fiscal year 2022. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $719K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE SCHOOL'S MISSION WAS TO PREPARE ITS STUDENTS FOR SUCCESS IN COLLEGE AND FULFILLMENT IN ADULT LIFE. THE SCHOOL SHUT DOWN AND CEASED OPERATIONS IN JANUARY 2023, AND ALL STUDENTS TRANSFERRED TO OTHER SCHOOLS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $582,168

Investment Income $9,745

Other Revenue $26,371

TOTAL REVENUE $619,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $533,400

Fundraising Expenses $450

Program Expenses $718,596

Other Expenses $185,646

TOTAL EXPENSES $719,046

Year-over-Year Comparison

	2022	2021	Change
Revenue	$619,284	$1,349,664	-0.5%
Expenses	$719,046	$1,216,788	-0.4%
Net Income	$-99,762	$132,876	-1.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILTON J MONTGOMERY JR	PRESIDENT/HE	N/A	Officer	$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
2023	$619,284	$719,046	$926,833	$-99,762
2022	$1,349,664	$1,216,788	$1,021,938	$132,876
2021	$1,122,951	$1,607,048	$1,101,732	$-484,097
2020	$1,562,427	$1,610,225	$1,586,198	$-47,798
2019	$1,635,393	$1,648,939	$1,421,209	$-13,546

RIDGEWOOD SCHOOL INC