THE NEW SCHOOL OF NORTHERN VIRGINIA INC

EIN: 821288652 501(c)(3) Education

FAIRFAX, VA

Total Revenue
$4,337,320
Total Expenses
$3,914,396
Total Assets
$10,457,650
Net Assets
$2,761,380
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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
2018
Legal Domicile
VA
Principal Officer
STEVEN ROUSHAKES
Phone
7036913040
Tax Period
2024-09-01 to 2025-08-31

THE NEW SCHOOL OF NORTHERN VIRGINIA INC, founded in 2018, is a community nonprofit in the Education sector that reported $4.3M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $3.9M left a modest 10% surplus.

Mission

THE SCHOOL HAS BEEN FORMED FOR CHARITABLE AND EDUCATIONAL PURPOSES TO DEVELOP CURRICULUM FOR THE USE IN TRAINING AND EDUCATING STUDENTS IN THE TRADITIONAL ACADEMIC DISCIPLINES AND SKILLS ESSENTIAL FOR SUCCESS IN COLLEGE AND THE PROFESSIONAL WORLD.

Program Service Accomplishments

Program 1
Expenses: $2,630,871 Revenue: $4,023,001

THE NEW SCHOOL IS A COLLEGE-PREPARATORY SCHOOL THAT TRAINS ITS STUDENTS IN THE TRADITIONAL ACADEMIC DISCIPLINES AND SKILLS ESSENTIAL FOR SUCCESS IN COLLEGE AND THE PROFESSIONAL WORLD. THE AVERAGE...

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THE NEW SCHOOL IS A COLLEGE-PREPARATORY SCHOOL THAT TRAINS ITS STUDENTS IN THE TRADITIONAL ACADEMIC DISCIPLINES AND SKILLS ESSENTIAL FOR SUCCESS IN COLLEGE AND THE PROFESSIONAL WORLD. THE AVERAGE CLASS SIZE IS 10 STUDENTS.

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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 $135,268
Program Service Revenue $4,023,001
Investment Income $155,335
Other Revenue $23,716
TOTAL REVENUE $4,337,320

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,482,794
Fundraising Expenses $31,873
Program Expenses $2,630,871
Other Expenses $1,431,602
TOTAL EXPENSES $3,914,396

Year-over-Year Comparison

2024 2023 Change
Revenue $4,337,320 $4,873,282 -0.1%
Expenses $3,914,396 $3,804,280 +0.0%
Net Income $422,924 $1,069,002 -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

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Governance

Voting Members
5
Independent Members
4
Employees
31
Volunteers
4

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
3
$401,041
Total Directors
5
$154,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL A TRAYNOR TRUSTEE 15.00
Director
$0 $0 $0
JOANNA COLE TRUSTEE 15.00
Director
$0 $0 $0
MIKE MCGURRIN TRUSTEE 6.00
Director
$0 $0 $0
JOHN POTTER SENIOR ADVISOR 1.00
Director
$0 $0 $0
STEVEN ROUSHAKES HEADMASTER/TRUSTEE 40.00
Officer Director
$146,396 $8,354 $154,750
JOAN GOODMAN EXEC DIRECTOR/SECRETARY 40.00
Officer
$131,366 $11,728 $143,094
SUJATHA NUKALA TREASURER 40.00
Officer
$92,150 $11,047 $103,197
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 $4,337,320 $3,914,396 $10,457,650 $422,924
2024 $4,873,282 $3,804,280 $10,535,289 $1,069,002
2023 $4,130,304 $3,699,052 $10,106,755 $431,252
2022 $3,665,901 $3,563,945 $4,760,366 $101,956
2021 $3,923,839 $3,259,050 $4,611,943 $664,789
2020 $3,336,852 $3,240,904 $4,397,378 $95,948
2019 $3,251,958 $3,251,469 $2,996,778 $489
2018 $9,651 $25,641 $3,984,757 $-15,990
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