THE VARNETT SCHOOLS INC (EIN 760297121) - 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

1990

Legal Domicile

Principal Officer

DR MATTHEW PLUMMER

Phone

7137234699

Tax Period

2023-09-01 to 2024-08-31

THE VARNETT SCHOOLS INC, founded in 1990, is a mid-sized nonprofit in the Education sector that reported $18.3M in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE VARNETT PUBLIC SCHOOL IS TO PROVIDE A RIGOROUS ACADEMIC PROGRAM WHICH MEETS THE NEEDS OF OUR DIVERSE POPULATION.

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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 $17,552,717

Program Service Revenue $148,290

Investment Income $599,129

Other Revenue $1,572

TOTAL REVENUE $18,301,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,455,549

Fundraising Expenses $0

Program Expenses $17,579,701

Other Expenses $6,638,885

TOTAL EXPENSES $19,094,434

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,301,708	$18,212,008	+0.0%
Expenses	$19,094,434	$18,015,707	+0.1%
Net Income	$-792,726	$196,301	-5.0%

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

247

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

$420,757

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTOY BELL	MEMBER	1.00	Director	$0	$0	$0
MALAKI SIMS	MEMBER	1.00	Director	$0	$0	$0
SARA DONATTO	MEMBER	1.00	Director	$0	$0	$0
CYNTHIA HUMPHREY	MEMBER	1.00	Director	$0	$0	$0
DR MATTHEW PLUMMER	PRESIDENT	10.00	Officer Director	$0	$0	$0
DR EDGARDO COLON	TREASURER	10.00	Officer Director	$0	$0	$0
CLARENCE WHITE III	SECRETARY	10.00	Officer Director	$0	$0	$0
NITA WHITE	SUPERINTENDENT	60.00	Officer	$180,959	$4,015	$184,974
SANDRA SMITH	CHIEF FINANCIAL OFFICER	60.00	Officer	$102,022	$3,256	$105,278
WANDA RICHARDSON	EXECUTIVE DIRECTOR OF BUSINESS AND FINANCE	60.00	Officer	$124,825	$5,680	$130,505
TERRELL D RUSSELL	GENERAL MANAGER - FMOT	60.00	Highest	$127,906	$9,832	$137,738
JEFFREY WAYNE SILER	TECHNOLOGY DIRECTOR	40.00	Highest	$123,185	$1,728	$124,913
GAYLE VOLTZ	EAST CAMPUS DIRECTOR	40.00	Highest	$111,747	$0	$111,747
LISA MCNEILL	ACCELERATED LEARNING PROGRAM LEAD	50.00	Highest	$110,509	$5,996	$116,505
BRANDIE BUFORD	DIRECTOR OF ACCOUNTABILITY AND TESTING	50.00	Highest	$108,601	$4,888	$113,489

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
2024	$18,301,708	$19,094,434	$25,991,247	$-792,726
2023	$18,212,008	$18,015,707	$27,218,383	$196,301
2022	$21,892,421	$18,573,229	$26,684,874	$3,319,192
2021	$16,355,176	$16,951,212	$25,630,579	$-596,036
2020	$18,653,397	$17,962,138	$24,551,599	$691,259
2019	$18,200,788	$17,885,963	$23,750,329	$314,825
2018	$17,240,562	$17,233,808	$23,069,547	$6,754

THE VARNETT SCHOOLS INC