WESTMINSTER SCHOOL (EIN 730730839) - 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

1963

Legal Domicile

Principal Officer

DARREN TAWWATER

Phone

4055240631

Tax Period

2024-07-01 to 2025-06-30

WESTMINSTER SCHOOL, founded in 1963, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2024. Expenses of $10.9M left a modest 5% surplus.

Mission

ESTABLISH, MAINTAIN, AND CONDUCT A SCHOOL FOR THE INSTRUCTION AND TRAINING OF YOUTH.

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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 $371,776

Program Service Revenue $10,434,546

Investment Income $743,212

Other Revenue $-19,534

TOTAL REVENUE $11,530,000

Expense Breakdown

Grants Paid $763,557

Salaries & Benefits $7,721,711

Fundraising Expenses $118,229

Program Expenses $8,364,987

Other Expenses $2,435,798

TOTAL EXPENSES $10,921,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,530,000	$10,941,445	+0.1%
Expenses	$10,921,066	$10,064,884	+0.1%
Net Income	$608,934	$876,561	-0.3%

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

143

Volunteers

378

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

$330,949

Total Directors

$330,949

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON HORTON	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW HWANG	TRUSTEE	1.00	Director	$0	$0	$0
BOBBY NELSON	TRUSTEESHIP CHAIR	1.00	Director	$0	$0	$0
CANDACE WILLIAMS LISLE	TRUSTEE	1.00	Director	$0	$0	$0
DARREN TAWWATER	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID GRIFFIN	ENDOWMENT CHAIR	1.00	Director	$0	$0	$0
DAVID HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
DAVIS HUDIBURG	TREASURER, FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
DIANA HAMPTON MD	TRUSTEE	1.00	Director	$0	$0	$0
EDIE ROODMAN	TRUSTEE	1.00	Director	$0	$0	$0
GAYLA JONES	PROPERTY CHAIR	1.00	Director	$0	$0	$0
JANE PULS MD	TRUSTEE	1.00	Director	$0	$0	$0
KELLY MOODY	TRUSTEE	1.00	Director	$0	$0	$0
KRISTIN GREENHAW	AUDIT CHAIR	1.00	Director	$0	$0	$0
MALLORY VAN HORN	FINANCIAL AID CHAIR	1.00	Director	$0	$0	$0
MARK GROSSMAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL NEVARD	TRUSTEE	1.00	Director	$0	$0	$0
NIKKI EDWARDS	H.R./BENEFITS CHAIR	1.00	Director	$0	$0	$0
PAIGE BASS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT S VERNON	HEAD OF SCHOOL	50.00	Officer Director	$297,927	$33,022	$330,949
SARAH PITMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
VAN HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR STOLBACH	DEVELOPMENT/MARKETING	1.00	Director	$0	$0	$0
DEBORAH GRAHAM	DIRECTOR OF FINANCE	50.00	Highest	$137,918	$21,537	$159,455
MANDY GODFREY	DIRECTOR OF MIDDLE DIVISIO	50.00	Highest	$112,218	$8,049	$120,267
RUTH ANN REGENS	ASSISTENT HEAD OF SCHOOL	50.00	Highest	$205,140	$35,428	$240,568

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	$11,530,000	$10,921,066	$33,534,651	$608,934
2024	$10,941,445	$10,064,884	$31,941,232	$876,561
2023	$10,351,749	$9,548,515	$28,871,590	$803,234
2022	$9,660,018	$9,156,343	$26,585,227	$503,675
2021	$10,423,521	$8,998,857	$28,024,500	$1,424,664
2020	$8,901,026	$8,818,608	$24,679,539	$82,418
2019	$8,620,347	$8,796,794	$23,398,250	$-176,447
2018	$8,252,963	$8,228,655	$23,155,860	$24,308

WESTMINSTER SCHOOL