NEW DAY SCHOOLS INC DBA COMPASS COMMUNITY SCHOOLS

EIN: 824087161 501(c)(3) Education

MEMPHIS, TN

Total Revenue
$24,897,810
Total Expenses
$18,764,912
Total Assets
$22,267,746
Net Assets
$20,234,388
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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
2017
Legal Domicile
TN
Principal Officer
KRISTI BAIRD
Phone
9016187422
Tax Period
2023-07-01 to 2024-06-30

NEW DAY SCHOOLS INC DBA COMPASS COMMUNITY SCHOOLS, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $24.9M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.1M, a strong 25% operating margin.

Mission

PREPARE STUDENTS FOR COLLEGE AND LIFE-LONG SUCCESS BY DEVELOPING THE WHOLE CHILD THROUGH A FOCUS ON ACADEMIC EXCELLENCE, VALUES-BASED CHARACTER EDUCATION, AND SERVICE LEARNING IN THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,462,339
Program Service Revenue $18,191,911
Investment Income $97,196
Other Revenue $146,364
TOTAL REVENUE $24,897,810

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,339,665
Fundraising Expenses $0
Program Expenses $16,410,015
Other Expenses $5,425,247
TOTAL EXPENSES $18,764,912

Year-over-Year Comparison

2023 2022 Change
Revenue $24,897,810 $19,019,198 +0.3%
Expenses $18,764,912 $17,016,719 +0.1%
Net Income $6,132,898 $2,002,479 +2.1%
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
7
Independent Members
7
Employees
262
Volunteers
N/A

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
5
$366,667
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR RICHARD POTTS PRESIDENT 1.00
Officer Director
$0 $0 $0
MARTIN PETRUSEK TREASURER 1.00
Officer Director
$0 $0 $0
MARTY REGAN SECRETARY 1.00
Officer Director
$0 $0 $0
EMILY GREER DIRECTOR 1.00
Director
$0 $0 $0
TERESA SLOYAN DIRECTOR 1.00
Director
$0 $0 $0
DR JOHN SMARRELLI DIRECTOR 1.00
Director
$0 $0 $0
BISHOP ENERITUS J TERRY STEIB DIRECTOR 1.00
Director
$0 $0 $0
KRISTI BAIRD EXECUTIVE DIRECTOR 40.00
Officer
$215,023 $0 $215,023
ELIZABETH WOODCOCK CHIEF OPERATING OFFICER 40.00
Officer
$151,644 $0 $151,644
RACHEL LOUISE MARINARI HCE 1.00
Highest
$102,316 $0 $102,316
JAMES SHELTON HCE 1.00
Highest
$109,071 $0 $109,071
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 No data No data No data No data
2024 $24,897,810 $18,764,912 $22,267,746 $6,132,898
2023 $19,019,198 $17,016,719 $16,212,539 $2,002,479
2022 $20,547,057 $14,353,930 $16,261,441 $6,193,127
2021 $16,072,586 $13,606,296 $9,085,681 $2,466,290
2020 $17,512,119 $14,976,648 $6,280,661 $2,535,471
2019 $1,784,553 $948,203 $1,103,877 $836,350
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